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Crafter's Companion

Sunday, August 30, 2020

“Sen. Paul complains about 'angry mob' encounter after RNC”


Associated Press

“MGM Resorts lays off 18,000 previously furloughed employees” by Contessa Brewer


“More than 5 million people won’t get the $300 unemployment boost right now” by Greg Iacurci


  • “32 states had received federal approval to offer an extra $300 a week in unemployment benefits as of 12 noon ET on Wednesday. 
  • About 5.5 million workers are currently receiving unemployment insurance or Pandemic Unemployment Assistance in the states that haven’t yet gotten approval.
  • Meanwhile, many eviction protections are gone, an aid program for small businesses ended and jobs are hard to find.”

“IRS guidelines put employers on the hook for Trump’s payroll tax break” by Darla Mercado


  • “On Aug. 8, President Trump signed an executive order calling for a deferral of the employees’ portion of the payroll tax from Sept. 1 through the end of the year.
  • The IRS released guidance on the tax deferral on Friday night – four days before the deferral is supposed to take effect.
  • Tax professionals are skeptical of the guidance and say it places too much liability on the employer. Deferred taxes ultimately must be paid by April 30, according to the guidance.”