Delayed Payroll Taxes
- Payment can be delayed for employer portion of FICA on payroll through 12/31/20
- 50% of deferral due by 12/31/21 and remaining 50% due by 12/31/22
- Payroll companies no longer liable for failure to deposit if decision is made to defer the payments
- Self-employed individuals can delay their portion of required estimates that represent 50% of self-employment tax according to the same schedule above
- Requires coordination with those responsible for making payroll tax deposits
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