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As the coronavirus (COVID-19) pandemic continues to surge, the economy continues to flounder. While some economic recovery has occurred with previous stimulus acts, it's been generally agreed that a fourth large bill (known as CARES 2) would need to be passed to provide more relief. After it was determined that leadership and White House were at an impasse, four executive orders were passed by the president, including the deferral of payroll taxes beginning Sept. 1, 2020.
This latest tax briefing from CCH AnswerConnect provides:
- An overview and history of CARES 2
- Payroll tax background
- Deferral of payroll taxes and implementation of the executive order
- Plus, much more.
Stay in the know — request your complimentary copy today.
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