Employer Social Security Tax Deferment Under CARES Act
The CARES act provided for the deferral of required employer social security tax deposits and some self-employment taxes incurred between March 27, 2020 and December 31, 2020. 50% of deferred amounts were due by December 31, 2021 and the remainder is due December 31, 2022.
Unfortunately, PayNW is no longer deferring collection and payment of your employer Social Security taxes. For questions regarding the CARES Act, contact us today.
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