Tag: Payroll Tax Holiday

Trump Signs Payroll Tax Deferral Executive Order

Published: August 19, 2020

Last weekend President Trump signed an executive order to defer the payment of the employee’s share of the Social Security portion of FICA taxes, which is 6.2%. This goes into effect September 1, 2020 until December 31, 2020. The order does not affect the Medicare portion of the payroll tax, nor does the order affect […]

Update on the 2010 HIRE Act – Two New Laws Created

Published: June 18, 2010

by Marie Jett, CPA | Manager Tax Services Earlier this year, the President signed into law the 2010 HIRE Act. The act was created to try and provide employers tax incentives to hire employees. Two new laws created from this act are the payroll tax holiday and the retained worker tax credit. Effective for tax […]