“Never put off until tomorrow what you can do today”
Well, now there is something you can put off until tomorrow. I’m talking about…
from September 1, 2020 through December 31, 2020, not withholding the employee share of Social Security taxes from the employees and, of course, not paying those monies to the government.
This new deferral option was made possible by an executive order recently signed by President Trump.
Putting tax-payment off sounds good, doesn’t it?
But hang on a second. If you do take advantage of the deferral option, you could be facing some very dangerous risks.
What’s going on here? What course of action should you take… or not take?
You’ll find out when you read my new article titled Tax Tips: The Latest Payroll Tax Deferral: An Offer You Should Refuse?
Here are just some of the important subjects we’ll cover
when you read the full article
- We’ll give you a detailed look at the tax relief available to you
- We’ll take a close look at the relevant numbers
- We’ll tell you which employees qualify for the deferral
- We’ll tell you if the deferral is mandatory
- We’ll tell you what happens after the deferral period ends
- We’ll tell you why you could be on the hook if employees quit or get fired
We’ll also tell you why…
- the U.S. Senate
- the U.S. House of Representatives
- the U.S. Supreme Court
- Costco Wholesale Corp.
- United Parcel Service
- FedEx
… are among those who are not offering the deferral option to employees.