Many of you have asked, and some direction has been given pertaining to Trump’s payroll tax deferral program. Take a few minutes and read the following articles. And, before you move forward with this, please consult with your accountant and/or CPA.
https://www.nytimes.com/2020/08/28/us/politics/trump-tax-holiday-bill-due.html
https://www.cnn.com/2020/08/29/economy/trump-treasury-new-guidance-tax-holiday/index.html
https://www.foxbusiness.com/money/what-does-trumps-payroll-tax-deferral-mean-for-you
Have a great week!
Dan Beal
President
McElroy's, Inc.
"When McElroy's first started in business, there were not the extensive human resources compliance requirements that there are today. HR Partners has assisted us by formalizing our policies and updating our employment records to make sure we meet these requirements. This has enabled McElroy's, Inc. to focus on what we do best and continue to provide "Service You Trust" to our clients."