What is the Employee Payroll Tax Deferral?

What is the Employee Payroll Tax Deferral?

On Aug. 8, 2020, President Donald Trump ordered the U.S. Department of Treasury (the Department) to defer collecting certain payroll taxes from wages earned between Sept. 1 and Dec. 31, 2020. On Aug. 28, 2020, the Internal Revenue Service (IRS) issued Notice 2020-65...
Provisions of the CARES Act for Businesses

Provisions of the CARES Act for Businesses

On Friday, March 27, the Coronavirus Aid, Relief and Economic Security (CARES) Act was approved by the House of Representatives. President Trump is expected to sign it into law. The bill is designed to provide financial assistance to Americans and their families, and...
2020 Standard Mileage Rates Announced by the IRS

2020 Standard Mileage Rates Announced by the IRS

On Dec. 31. 2019, the Internal Revenue Service (IRS) issued the 2020 standard mileage rates, which are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. The mileage, medical, and moving rates all...
Welcome to GTM Payroll Services’ New Building

Welcome to GTM Payroll Services’ New Building

As of October 7, 2019, GTM Payroll Services’ new building exapnsion was complete, as our sales and operations teams began working from 9 Executive Park Drive. With 12,500 square feet, the space better accommodates GTM’s growing team of more than 70 employees,...

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