On Aug. 8, 2020, President Donald J. Trump signed an executive memorandum directing the U.S. Department of the Treasury (Treasury) to provide employers with the option of deferring the employee portion of the 6.2% social security payment obligations amid the ongoing COVID-19 pandemic. If employers choose to participate, the deferral would start Sept. 1, 2020 and end Dec. 31, … [Read more...] about Social Security announcement

The IRS has published the new 2018 withholding tables as a result of the tax reform passed in December. You will see these changes reflected with pay dates on or after Feb. 2. You can view Notice 1036 regarding the new withholding charts. The new law makes a number of changes for 2018 that affect individual taxpayers. The new tables reflect the increase in the standard … [Read more...] about Federal Tax Reform 2018