by Steven J Weil, PhD, EA, LCAM | Sep 4, 2020 | Blog, Covid-19, Payroll Preparation
On September 3rd, the IRS held a teleconference for the payroll industry regarding the postponement (commonly referred to as deferral) of the employee’s share of Social Security tax. The conference allowed the IRS to clarify information provided in Notice... by Steven J Weil, PhD, EA, LCAM | Aug 29, 2020 | Blog, Business Tax, Payroll Preparation
08/29/2020 – Last night the IRS Issued Notice 2020-65 dealing with the employee social security tax deferral announced by the president on August 8, 2020, in a Memorandum to the Secretary of State. The Memorandum directed the Secretary of the Treasury to use his... by Steven J Weil, PhD, EA, LCAM | Aug 18, 2020 | Blog, Business Tax, Covid-19
The CARES Act has the following provisions effecting the federal taxes on payroll and payroll tax withholding. These provisions deal with employer payments for student loan repayments, as well as changes in terms of permitted benefits under health savings accounts... by Steven J Weil, PhD, EA, LCAM | Aug 10, 2020 | Business Tax, Covid-19, Personal Tax
President Uses Executive Orders Too Authorize Extending Unemployment Benefits and More President Trump signed four executive orders Saturday. These orders provide additional jobless benefits, suspend the collection of payroll taxes, avoid evictions and assist with... 