Posts in tag

payroll


Many government agencies, like the U.S. Army, are investing in modern people-first strategies at speed; a talent management focus unseen in previous generations. Payroll modernization is an unsung hero of the “people-first” toolbox. It is foundational to help agencies make more informed decisions and easily adapt to a rapidly changing workforce that views digitization as …

The IRS issued new guidance recently to help employers implement President Trump’s Aug. 8 executive order to temporarily defer employee payroll taxes. The guidelines would give workers until April 30, 2021 to pay the payroll tax deferment amount in full before penalties and interest accrue.  But many employers won’t be implementing the tax break.  “The …

WASHINGTON (AP) — President Donald Trump’s move to defer Social Security payroll taxes could be taking him into treacherous political territory. His directive — aimed at boosting an economy shaken by the coronavirus pandemic — doesn’t affect retirement benefits but impacts how they’re paid for. Democrats seized on it Monday as a signal that Trump …

WASHINGTON >> President Donald Trump’s move to defer Social Security payroll taxes could be taking him into treacherous political territory. His directive — aimed at boosting an economy shaken by the coronavirus pandemic — doesn’t affect retirement benefits but impacts how they’re paid for. Democrats seized on it today as a signal that Trump would …

Illinois lawmakers have voted to override a veto by Gov. J.B. Pritzker that protects a tax exemption on aircraft parts. A 54-1 Senate vote Wednesday followed a unanimous House vote a day earlier. The override forgives $50 million in past-due taxes from private jet manufacturers and extends them to 2024. Lawmakers approved the tax break in 2010. It expired …