TRump News: Kenosha Visit/ Payroll Tax Deferral

Explicit TRump News: Kenosha Visit/ Payroll Tax Deferral

0 2 6 months ago
It took 20 days from President Trump signing an executive memorandum to defer certain payroll tax obligations for Treasury Secretary Mnuchin to issue Notice 2020-65 and provide guidance to employers on the how to execute the payroll tax holiday. Treasury’s guidance also came just two business days before the deferral period was set to start on September 1, leaving absurdly little time for employers to potentially reconfigure payroll systems and implement the change.

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