common paymaster
Definition
A single position or entity designated by a large corporation under the "common paymaster rule" that is responsible for maintaining the payroll records of employees paid by multiple subsidiaries within the company in order to avoid paying extra payroll taxes.
Related Articles
- Introduction to Stock Indexes, DJIA and the NASDAQ *
- What is a limited partnership (LP)? *
- Explanation of the Balance Sheet *
- Introduction to Banking *
- The Importance of Estate Planning and Determining Your Net Worth *
- What is a Limited Liability Company (LLC)? *
- Different Types of Credits to be Aware of While Filing Taxes *
- Investment Clubs *
Related Videos
http://www.businessdictionary.com/definition/common-paymaster.html
