FICA Tax
The IRS has issued guidance on how to implement President Trump's payroll tax deferral Memorandum, but the guidance leaves employers with many unanswered questions.
President Trump has issued an executive order for a payroll tax holiday to provide financial relief to employees affected by the COVID-19 crisis. However, many payroll experts are advising employers not to take action until further information is available.
News: HR and payroll considerations for employers regarding FICA tax laws. Support on following rules and regulations regarding this topic.
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© 2021 LexisNexis Risk Solutions Group.