The U.S. Internal Revenue Service (IRS) recently released new guidance on President Donald Trump’s August 8 executive order that allows for the temporary deferral of the employee portion of the payroll tax. As Connecting the Dots […] Read More
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On August 18, the Metals Service Center Institute, along with the National Association of Manufacturers, the U.S. Chamber of Commerce, and more than two dozen other trade associations, sent a letter to U.S. Treasury Secretary […] Read More
On August 8, President Donald Trump issued several executive orders to boost the economy. One of the executive orders directs Treasury Secretary Steve Mnuchin to “defer the withholding, deposit and payment” of the employee’s share […] Read More
Members of the U.S. House and Senate began negotiations on a fourth COVID-19 relief bill after Senate Republicans released the outlines of their plan. The Senate plan: Makes changes to and expands the U.S. Small […] Read More
As Bloomberg Tax reports, on July 28, the U.S. Internal Revenue Service loosened a 2017 restriction that had capped tax deductions for debt interest payments at 30 percent of earnings before interest, taxes, depreciation, and […] Read More