MONDAY. 8/10 FEDERAL Phase 4: On Saturday, President Trump signed four Executive Orders (EOs): Payroll Tax Deferral: Calls on the Secretary of Treasury to defer the withholding, deposit, and payment of payroll taxes for Sept. 1, 2020 through Dec. 31, 2020. The EO does not specify when deferred payroll taxes must be paid. A payroll tax holiday has been a priority for the Administration but has failed to gain any traction among both Democrats and Republicans in Congress, nor the business community.
COVID-19 Policy Update #80
COVID-19 Policy Update #80
COVID-19 Policy Update #80
MONDAY. 8/10 FEDERAL Phase 4: On Saturday, President Trump signed four Executive Orders (EOs): Payroll Tax Deferral: Calls on the Secretary of Treasury to defer the withholding, deposit, and payment of payroll taxes for Sept. 1, 2020 through Dec. 31, 2020. The EO does not specify when deferred payroll taxes must be paid. A payroll tax holiday has been a priority for the Administration but has failed to gain any traction among both Democrats and Republicans in Congress, nor the business community.