Offering eligible workers the option to suspend the employee share of Social Security payroll taxes through year-end may sound good at the moment, but concerns about next year are leaving many employers wary. Indeed, the Wall...more
9/15/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Executive Orders ,
Infectious Diseases ,
IRS ,
Low-Wage Workers ,
Moratorium ,
Payroll Taxes ,
Relief Measures ,
Social Security ,
Social Security Taxes ,
Tax Deferral ,
Trump Administration
Restaurateurs and wait staff beware: beginning this month, the IRS will classify automatic gratuities not as "tips," but as service charges reportable as regular wages which are subject to payroll tax withholdings.
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