Monthly Archives: September 2020

Payroll Tax Holiday: Gift or Grief?

Walker Glantz Team

What is the payroll tax holiday? In early August, President Trump issued an executive order allowing a payroll tax holiday for employees’ portion of the social security tax. The effective date of the order was September 1, 2020. What are my options as an employer or as an employee? Option 1: Employers can opt-out of […]

5 key points about bonus depreciation

bonus depriciation

You’re probably aware of the 100% bonus depreciation tax break that’s available for a wide range of qualifying property. Here are five important points to be aware of when it comes to this powerful tax-saving tool. 1. Bonus depreciation is scheduled to phase out Under current law, 100% bonus depreciation will be phased out in […]