12 Aug 2020 Payroll Tax Deferral Order
Posted at 18:43h in Insights
President Issues Executive Order Deferring Payroll Taxes Beginning September 1, 2020
As the COVID-19 (coronavirus) pandemic continues to surge in multiple regions of the United States, the economy continues to flounder. While some economic recovery has occurred in the aftermath of large shutdowns in the spring, job losses continue to mount while state and local governments struggle with increased costs from battling outbreaks and reduced tax revenue.