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Payroll Deferral Considerations for School Districts

By John Forester | September 4, 2020

From the Legal Side . . .

We share the following from the Boardman Clark Law Firm.  The SAA regularly receives these legal updates and we believe this is valuable information for SAA members.  We are distributing this update to SAA members with the permission of Boardman Clark.

“In light of President Trump’s Executive Order allowing certain payroll tax deferrals and the recent IRS guidance on that issue, a number of employers, including school districts, have been getting questions from their employees about whether they can or should defer their taxes and some districts have been getting information from third party payroll advisors instructing them how to accomplish this deferral.  However, due to a significant number of questions which remain to be answered, and potential risk for employers who allow deferral, we are suggesting districts may wish to take a close look at the issues before they allow their employees to defer any tax obligation.  The deferral program is voluntary for employers to participate.”

“One of our Tax and Business partners has written a blog on this topic which we think you might find helpful. It can be found here.”

Topics: SAA Capitol Reports, SAA Capitol Reports with Email Notifications, SAA Latest Update, SAA Legal Side | No Comments »

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