The American Rescue Plan Act: What Employers Need to Know
The American Rescue Plan Act (ARPA) was signed and passed into law by President Joe Biden on March 11, 2021. The legislation allocates $1.9 trillion in relief in response to the COVID-19 pandemic, including additional and extended relief for workers. The ARPA is the latest COVID relief effort put forth on the Federal level. Just as with previous COVID-related legislation, Netchex is committed to keeping clients up-to-date […]
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What Employers and Employees Need to Know About the Payroll Tax Deferral
There has been a great deal of uncertainty in recent weeks surrounding President Trump’s Memorandum on payroll taxes issued earlier this month (on August 8). Meant as economic relief during COVID-19, the Memorandum allows employers to defer withholding, deposit, and payment of the employee’s portion of the Social Security tax (6.2%) through the end of […]
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