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Update on the Payroll Tax Deferral
In a post on www.foxbusiness.com, reporter Brittany De Lea notes that guidance for employers to implement President Trump’s recommended deferral of Payroll Taxes scheduled to begin September 1 has not been released at this point, making it unlikely that the deferral will happen as recommended. Citing comments from a leading payroll processing firm, the article notes ““It’s unlikely that many employers will be able to make the programming changes by September 1.” Read the article here…
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