Payroll companies need guidelines on how to implement President Trump's executive order before they can start processing paychecks next month. | Add your voice to this month's Accountants Confidence Index (ACI) | Your participation helps us provide you and your peers with timely business data and information on economic conditions. We'll thank you with your choice of a $10 Amazon gift card or Direct Relief donation to support the nonprofit's ongoing work during the COVID-19 crisis. | |
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| | Employers face payroll tax dilemma after Trump delays due date → | By Laura Davison 3 min read | President Donald Trump’s order to delay collection of payroll taxes thrusts a dilemma on U.S. companies: continue withholding the money from workers expecting bigger paychecks or pass it on and potentially put themselves or their employees at risk of a big end-of-year bill from the IRS. | |
Trump pledges big tax cuts that may do nothing for the economy → | By Laura Davison 4 min read | President Donald Trump is tapping his presidential authority to make tax changes that Congress is refusing to do, but his limited power means he could end up over-promising and under-delivering on his pledge to slash IRS bills. | | In the blogs: Still going viral → | By Jeff Stimpson 3 min read | Reopening the IRS; wording a referendum; the season that won’t end; and other highlights from our favorite tax bloggers. | |
4 steps to becoming a virtual firm → | By Joshua Lance 5 min read | If you've ever considered transitioning to a virtual model, now is a golden opportunity — but it should be done right. | | WEB SEMINAR | Implementing a cloud-based digital tax workflow in time for 2021 | Join this 60 minute CPE accredited panel discussion and gain insights into what it takes to successfully implement a cloud-based Digital Tax Workflow in time for 2021. We’ll also cover the many advantages of doing so with many shelter-in-place protocols still in effect due to COVID-19. Learn More → | |
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