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Small Business Update: Trump’s Executive Order to Defer Payroll Taxes

On August 8, 2020, to provide temporary assistance to workers who are facing financial burdens due to the pandemic, President Trump issued an executive order to defer the withholding, deposit and payment of certain payroll taxes until Jan. 1, 2021. On August 28, 2020, the IRS issued Notice 2020-65 (“Notice”) to provide implementation guidance. What […]

The post Small Business Update: Trump’s Executive Order to Defer Payroll Taxes appeared first on SmallBizClub.

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