COVID Resources

Additional Guidance Required on Trump’s Payroll Tax Deferral

On August 8, 2020, an executive order was signed that called for deferring the collection of employee’s payroll taxes – specifically the FICA portion (6.2%). Accountants, employers, payroll service providers all await additional guidance to prepare for the September 1st implementation date. Details are sparse but here are general points:

As soon as guidance is available, we will send out additional information. We will likely host a webinar to review the information and provide a forum for your questions. 

Stay up to date follow our social media accounts and subscribe to our YouTube Page. If you have any questions, please contact your advisor at Dent Moses.