IRS Issues Guidance on Payroll Tax Deferral

Last Friday, the Internal Revenue Service (IRS) along with the U.S. Department of the Treasury published a new guidance relating deferral of the employee share of payroll taxes for social security. The guidance (Notice 2020-65) provides that an employer choosing to defer the payment of employee payroll taxes between now and the end of the…

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Business Lobby Opposes Payroll Tax Order

Just a week after asking in a letter to Treasury Secretary Steve Mnuchin for clarity on President Trump’s Executive Order allowing deferral of Social Security payroll taxes, the  US Chamber of Commerce this week came out in opposition to it. In a letter sent this week to Mnuchin, Speaker of the House Pelosi and Senate…

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Opposition Grows To Rubio Paid Leave Bill

Senate Democrats are already lining up against legislation that would create a federal paid family leave policy for workers to access for the birth of a child or the caring of an ill family member. The bill, known as the Economic Security for New Parents Act will allow parents to borrow from Social Security when…

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Federal Sick Leave by “Ivarco”

In Hollywood circles, we had Bennifer (Ben Affleck & Jennifer Lopez) along with Bradgelina (Brad Pitt & Angelina Jolie), but now Ivanka Trump and Senator Marco Rubio (could they be jointly ID’d as “Ivarco”?) are joining forces to push for adoption of a national paid sick leave policy. Their idea, which Rubio is still crafting…

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