Financial Advisory Blog

Armanino’s Financial Advisory blog is your source for thought leadership around cloud ERP and accounting solutions and integrations. Supported by the Cloud Accounting Institute and numerous experts in cloud, finance, reporting, integration, compliance, and technology, Armanino’s Financial Advisory blog features must-read content on what’s happening in the finance industry, case studies, white papers, and much more.

July 23, 2020

How do I go about getting the payroll tax deferral?

Posted by Armanino Financial Advisory Team

If you use a payroll service, you’ll need to notify them of your election to defer so they can make the adjustment. If you do payroll on your own, you’ll book the liability as you always do, but you won’t pay it. You’ll let the liability accrue on your balance sheet through December 31, 2020. No election needs to be filed with the government. 

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