I understand that we are not required to file a CTR on a business if their employees cash their payroll checks that total over 10,000.00 for multiple people; however is it best to exempt the business if they meet the exemption requirements? what is good practice on this issue?

Exemptions are based on business cash activity. Employees cashing their payroll checks is not a business activity.

Al

Al,
that was my thinking on this matter however I need some verbage to back up this, you know were I can get it because it not an any regulation that I can find.

Start with the FinCEN advisory:

http://www.fincen.gov/news_room/rp/advisory/pdf/advis10.pdf

Al