What You Need to Know About the Deferral of Payroll Tax Obligations

Our office has received numerous inquiries about President Trump’s recent memorandum. On August 8, 2020, President Trump signed an executive order allowing an elective deferral of the 6.2% employee share of Social Security tax. The Read More

Ryan Kilpatrick

Sep 15, 2020

Avoid Personal Liability for Unpaid Federal Payroll Taxes

During the COVID-19 pandemic, some cash-strapped employers may fail to pay federal income and employment taxes that were withheld from employee paychecks to the U.S. Treasury. In the eyes of the IRS, this is a Read More

Kirsch CPA Group

Sep 03, 2020

Defer Paying Certain Federal Payroll Taxes

Thanks to a provision included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, your business can defer paying certain federal payroll taxes. This privilege applies to the employer's 6.2% share of the Social Read More

Kirsch CPA Group

Jul 01, 2020

Can Your Research Credits Offset Your Payroll Tax Bill?

Does your small business engage in qualified research activities? If so, you may be eligible for a research credits that can now be used to offset your federal payroll tax bill. This relatively new privilege allows research credits Read More

Diane Glover

Jul 17, 2017