Gevity HR (GVHR)

Use of Estimates

 The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying disclosures. These estimates and assumptions are based upon management’s best knowledge of current events and actions that the Company may take in the future. The Company’s most significant estimates relate to receivables, reserves for the allowance for doubtful accounts, workers’ compensation claims, intangible assets, medical benefit plan liabilities, state unemployment taxes, deferred taxes, stock-based compensation and the estimates used in the determination of the fair value used in connection with the Company’s impairment analyses. Actual results could differ materially from those estimates.

Use of Estimates

 The preparation
of financial statements in conformity with accounting principles generally
accepted in the United States of America (“US GAAP”) requires management to
make estimates and assumptions that affect the amounts reported in the
consolidated financial statements and accompanying disclosures. These estimates
and assumptions are based upon management’s best knowledge of current events
and actions that the Company may take in the future. The Company’s most
significant estimates relate to receivables, reserves for the allowance for
doubtful accounts, workers’ compensation claims, intangible assets, medical
benefit plan liabilities, state unemployment taxes, deferred taxes, stock-based
compensation and the estimates used in the determination of the fair value used
in connection with the Company’s impairment analyses. Actual results could
differ materially from those estimates.

Use of Estimates

 The preparation
of financial statements in conformity with accounting principles generally
accepted in the United States of America (“US GAAP”) requires management to
make estimates and assumptions that affect the amounts reported in the
consolidated financial statements and accompanying disclosures. These estimates
and assumptions are based upon management’s best knowledge of current events
and actions that the Company may take in the future. The Company’s most
significant estimates relate to receivables, reserves for the allowance for
doubtful accounts, workers’ compensation claims, intangible assets, medical
benefit plan liabilities, state unemployment taxes, deferred taxes, stock-based
compensation and the estimates used in the determination of the fair value used
in connection with the Company’s impairment analyses. Actual results could
differ materially from those estimates.