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Your choice: To ditch Social Security tax withholding or not

Business Management Daily

President Trump’s executive order suspending the employee portion of Social Security taxes, issued two weeks ago, left many employers wondering what to do. Then, the Treasury Department offered some clarity on the payroll tax. We’ve spent the better part of this week reading other tax lawyers’ opinions about this.

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The PEO Industry in 2020 & Beyond: What The Next Decade Holds

Genesis HR Solutions

“What is our industry’s new normal?” In 2014, legislation passed that authorized the Internal Revenue Service (IRS) to develop a program for Certified Professional Employer Organizations (CPEOs). Implementing a “new normal” across industries. Click To Tweet. million to 3.7 Notable PEO Statistics.

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Cheat Sheet: COVID-19 Employment Laws

Paycor

You’ll find a summary of the new laws along with links to resources to keep you informed on: Emergency Paid Sick Leave and Extended FMLA. SOCER Tax Payment Deferral. Employers can receive a payroll credit against federal payroll taxes for emergency leave paid under this program beginning April 1, 2020.

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What Employers and Employees Need to Know About the Payroll Tax Deferral

Netchex HR Blog

There has been a great deal of uncertainty in recent weeks surrounding President Trump’s Memorandum on payroll taxes issued earlier this month (on August 8). It wasn’t until nearly three weeks later (on August 28) that the Department of Treasury and Internal Revenue Service issued guidance on the Memorandum.

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COVID-19 (Coronavirus): Country Updates

Immedis

Due to COVID-19, government authorities across the globe are introducing new measures relevant to employers and employees. These include: Tax payment deferrals are in place for 2020 and can be applied for up until 31 December 2020. Adjustments to tax prepayments such as income tax and corporation tax can be requested.

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IRS’ tips from the top at 2020 APA Virtual Congress

Business Management Daily

The American Payroll Association’s annual Congress, held during the week of June 2, was anything but typical. At Tuesday’s first workshop, Payroll Changes for 2020 and Beyond , Andrew Garboden, CPP, Director of Payroll Training at the American Payroll Association and Curtis Tatum, Esq., Pandemic-related guidance.

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COVID-19 Fallout Creates Lingering Problems for Payroll

DailyPay

Payroll issues created by the pandemic in 2020 are continuing into 2021 for those in the payroll trenches, like Gerard Hall, CPP, senior manager of payroll operations at CBIZ, a Roanoke, Virginia-based HR and payroll service provider. Could we have waited until October (the beginning of a new calendar quarter)?”.

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