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what employers need to know about repayment of deferred payroll taxes Archives - Cozby & Company

For Many Employers and Self-Employed People, Deferred Social Security Tax Payment Due Jan. 3

This article was published by the IRS. The Internal Revenue Service is reminding employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax obligation that a payment is due on January 3, 2022. Most affected employers and self-employed individuals received reminder billing notices from the IRS. The agency noted, however, [...]

What Employers Need to Know About Repayment of Deferred Payroll Taxes

This article was published by the IRS. To give people a needed temporary financial boost, the Coronavirus, Aid, Relief and Economic Security Act allowed employers to defer payment of the employer's share of Social Security tax. IRS Notice 2020-65 allowed employers to defer withholding and payment of the employee's Social Security taxes on certain wages paid [...]

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