Blog: payroll tax

 

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New Guidance Regarding Deferral of Withholding of Employees’ Social Security Taxes

Posted on September 2, 2020 by
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On August 8, 2020, President Donald Trump issued an executive order titled “Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster.”  The order directed the Secretary of the Treasury to use its authority to defer the withholding, deposit, and payment of certain payroll tax obligations. On August 28, 2020 the U.S. […]