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The term 'common paymaster' refers to an organization that processes payroll for employees who work for several companies, as per FL RTS-72 regulations. This arrangement is beneficial because it simplifies payroll tax reporting and enhances efficiency for businesses. In essence, the common paymaster acts as a centralized payroll solution, ensuring compliance with state and federal tax requirements. If you need assistance in setting this up, USLegalForms offers the resources you need.
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