Buying. Selling. Incorporating. Diversifying. Downsizing. There is a lot to do in a short period of time. Planning is the key, and payroll tax implications should be considered in every move. You can minimize the potential payroll taxes involved with forms of buyouts. You can control the effect of layoffs on your unemployment rate. You must carefully plan and schedule all aspects, and be prepared to file all appropriate forms and paperwork to workers and government agencies.