Annual report pursuant to Section 13 and 15(d)

Accrued Payroll and Related Liabilities

v3.20.2
Accrued Payroll and Related Liabilities
12 Months Ended
Aug. 31, 2020
Accrued Payroll and Related Liabilities  
Accrued Payroll and Related Liabilities

Note 8: Accrued Payroll and Related Liabilities

 

Accrued payroll liabilities consisted of the following at August 31, 2020 and 2019:

 

 

 

 

 

 

 

 

    

August 31, 

    

August 31, 

 

 

2020

 

2019

Accrued Payroll

 

$

1,970,000

 

$

1,212,000

Accrued Payroll Taxes

 

 

3,324,000

 

 

984,000

Corporate employee accrued paid time off

 

 

457,000

 

 

363,000

Accrued Payroll and related liabilities

 

$

5,752,000

 

$

2,559,000

 

Accrued payroll and accrued payroll taxes represent payroll liabilities associated with the Company’s client WSEs as well as corporate employees of the Company.