One of the provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, is the ability of employers to defer the employer portion of social security tax. Join Gene Marks and Bill Goselin, Compliance Analyst at Paychex, as they discuss what that means for employers, limitations, restrictions, and the impact of the Paycheck Protection Program.
For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center.
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.