If you missed our updates last week - JOIN US this week as we discuss what we have learned about the New 941 and Tax Deferral.

The IRS provided preliminary guidance late Friday, August 28th, which answers some questions including the definition of “applicable wages,” qualifying payroll threshold amounts, and repayment dates. They’ve also shared a new proposed 941 form. However, many critical questions remain unanswered such as employer vs. employee liability, the impact of job changes, and whether or not employers have a choice in offering the deferral in the first place.