Posts Tagged ‘credit’

Summary of Keypoints Employer payroll tax deferral: The CARES Act allows businesses to defer the employer portion of Social Security payroll taxes (6.2%) on wages paid from March 27–December 31, 2020, with repayment split between December 31, 2021 and December 31, 2022; the deferral is unavailable if PPP loan forgiveness is taken. Employee retention credit:…