President Issues Executive Order Deferring Payroll Taxes
President Trump issued Executive Orders deferring payroll taxes beginning September 1, 2020. This eAlert covers the information we currently know about these orders. There will likely be more updates and modifications as Congress and the IRS weigh in on this topic and the logistics of orchestrating it. Since this order is scheduled to begin in a few weeks, business owners should be aware, but understand that there will likely be further clarifications on the implementation.