Guidance Issued Concerning Deferral of Employee Social Security Tax Withholding

On August 8, 2020, the President of the United States issued a Presidential Memorandum authorizing the Secretary of the Treasury to defer the withholding, deposit, and payment of certain payroll tax obligations. Applicable wages was defined as wages paid to an employee on a pay date d

New IRS Withholding Estimator

The IRS has created an upgrade to their Withholding Calculator to reflect the new tax law changes.