President Trump issued a Presidential Memorandum on August 8, 2020, directing the U.S. Secretary of the Treasury to use his authority to defer the "withholding, deposit and payment of certain tax obligations." This includes...more
A new rule under the CARES Act could be beneficial for employees with outstanding student loan debt, and even provide some cost savings for employers as well. The CARES Act expanded the scope of Educational Assistance...more
5/6/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Educational Assistance Programs ,
Employee Benefits ,
Employer Contributions ,
Income Taxes ,
Payroll Taxes ,
Relief Measures ,
Repayment Options ,
Section 127 Plans ,
Student Loans
On January 11, 2018, the IRS issued its new withholding tables to assist employers with processing payrolls and withholding federal income tax under the new Tax Reform Act signed into law late last year (the “Act”). IRS...more
The IRS has begun a new initiative focused on payroll tax compliance for employers, and specifically the timely deposit of withheld payroll and income taxes. Those taxes, which are withheld from an employee's paycheck and...more