Month: August 2020

On August 8, President Trump signed four executive actions, including a Presidential Memorandum to defer payroll taxes. This includes the employee’s portion of Social Security taxes for some people. Implementation of these tax changes for 2020 are in an effort to offer more relief due to the COVID-19 pandemic. The action is to only defer payroll taxes, … Continue reading “The President’s Action To Defer Payroll Taxes: What Does It mean for Your Business?”