As companies adapt to a new business environment, leaders need support and information to recover from disruption and grow stronger. We continue to produce breaking updates on today’s biggest issues and insights to navigate ongoing uncertainty. You’ll also find forward-looking strategies to help you thrive and seize opportunities in this new environment.
Ready to put our adaptation and recovery expertise to work for you? To tap into our help in areas like business sustainability, cashflow forecasting, workforce planning and management and more, please contact your RKL advisor.
Join the RKL team for the latest insights and guidance on navigating today’s uncertainty and growing stronger. A continuation of our popular Coronavirus Webinar Series, you’ll get breaking updates on timely issues, forward-looking strategies for adapting in this new environment and one hour of CPE. Recordings of each webinar will be archived on this page.
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With the general election looming, the ambiguity around COVID-19 and the unknowns of the economic outlook for 2021, this Adapt & Recover Webinar focused on two timely and in-demand topics: how to manage cash flow in these uncertain times and the opportunities you need to seize now to maximize your individual tax planning for 2020.
Our conversational, interview-style format highlighted the unique firsthand perspectives of this week’s speakers.
Yes, per the final bill, the following are employer taxes are included: Section 3111(a) – 6.2% employer portion of social security tax, Section 3221(a) – Railroad retirement payroll taxes, Section 3111(b) – 1.45% Employer portion of Medicare tax.
The legislation is not retroactive. The provisions will apply on April 1 and they will expire on December 31, 2020.
Currently, they are not considered excluded for purposes of qualified employees. The bill does have a section that allows the Secretary of Labor the authority to issue regulations that would exclude this group, however, no such regulations have been issued at this time. Additionally, if regulations are passed, they would allow the employer to elect out, it would not be an automatically exclusion.