On August 8, 2020, President Trump issued a directive to the Department of Treasury to allow for the deferral of payroll taxes for the period of September
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Mnuchin Suggests Payroll Tax Deferral Will Be Discretionary
(Updated to add the letter from the Chamber.) Last week, President Trump took Presidential action to act on payroll tax collections. Specifically, he ordered that
Read MoreConfusion After President Trump Orders Temporary Payroll Tax Cut
On August 6, 2020, the Senate adjourned without passing a stimulus package. Senate Majority Leader Mitch McConnell (R-KY) wasn’t involved in the talks, leaving Senate
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What You Need To Know About Payroll Tax Cuts
When I was younger, a family friend gave us a pile of old dresses. Hand-me-downs weren’t new to us, and my mom was an amazing
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President Trump Considers Payroll Tax Relief In Response To COVID-19
Stocks are expected to rally today after a historic drop on Monday. Concerns over the price of oil (thanks to a price war between Russia
Read MoreHere’s What A Payroll Tax Cut Might Look Like
As concerns circulate about a potential recession, President Donald Trump insists that the economy remains healthy. Despite those assertions, there have been rumblings that White
Read MoreWalmart Blames Sluggish Sales On Taxes, Enjoys Lower Effective Tax Rate
Wal-Mart Stores, Inc., (Walmart) had mostly good news for Wall Street yesterday when it reported earnings of $3.78 billion, or $1.14 per share, in the
Read MoreMan Quits Job Over ‘Mark of the Beast’ On W-2
Opening your form W-2 can be traumatic for many folks but for one Tennessee man, it was enough to make him quit his job. Walter
Read MoreIRS Issues Statement To Employers On 2013 Withholding
It may make good drama to play with the tax laws all the way up to the year-end but uncertainty as Congress fiddles means that
Read MoreAnother Tax Break Rolls To A Halt
Since we have plenty of time to start complaining and debating early, Congress has decided to jump right in. On tap for this month: the
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