Developing new business habits takes time and commitment—but the payoff is well worth it! Which of these business habits is most important for you to commit to this year?
All in Business Knowledge
COVID-19 Weekly Digest (August 26, 2020)
The payroll tax deferral from President Trump’s executive memorandum is getting little traction among business leaders, who note that it could saddle employees with a hefty tax bill in 2021. Many companies are signaling that they will not participate, citing the potential unfairness to workers and the difficulty of implementing it. An employee earning $35,000 could see a bill for $751, while the highest eligible earners could owe $2,232. So far, the IRS and Treasury have not created guidance for employers or payroll companies to implement this temporary deferral.
President Trump’s Executive Orders for Pandemic Relief
After Congress ended the week by not agreeing to the CARES 2 Stimulus package that has been argued about for the last month, President Trump decided to execute several executive orders in order to help Americans during the Pandemic. This action has caused some confusion for everyone. The following information should help clarify exactly what these orders are.