by Admin | Nov 6, 2020 | Business Taxes, COVID-19
The IRS released guidance recently (IRS Notice 2020-65) that provides some clarification on the payroll tax deferral for employees that can be withheld starting September 1, 2020 through December 31, 2020. The Notice indicates that the employer would recapture this...
by Admin | Nov 6, 2020 | Business Taxes, COVID-19
This deferral, which was intended to put more money in people’s pockets, is troublesome for all. For example, an employee making $800 per week, would see an extra $49.60 in their weekly paycheck until December 31, 2020. Let’s assume their take home net pay...
