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
Read MoreTag: payroll tax cuts
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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Fix The Tax Code Friday: The Next Stimulus Package
As Congress gets to work on a second stimulus package, there have been a number of suggestions for how to kick start the economy. Some
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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 MoreThe World Keeps Turning, Even As Payroll Tax Cuts Expire
So as the dust settles in the Congressional tax bill, you knew it would only be a matter of time before the hyperbole started. And
Read More2012: The Year In Taxes
Each year, I try to do a wrap-up of the year in tax. With so much going on this weekend in Congress, I almost didn’t
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 MoreThe Most Noteworthy Tax Changes Of 2011
We’re down to the wire! Tax season is nearly over for the 2011 tax year: just 15 days remain until Tax Day (remember that you
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