Employer Social Security Tax Deferment Under CARES Act

The CARES act provides for the deferral of required employer social security tax deposits and some self-employment taxes incurred between March 27, 2020 and December 31, 2020. 50% of deferred amounts are due by December 31, 2021 and the remainder is due December 31, 2022. Should you decide that you would like to defer your employer Social Security taxes per the schedule shown above, please let us know by completing this form. PayNW will not defer collection and payment of your employer Social Security taxes unless we receive a completed form.

Please complete this form to affirm your organization’s intention to defer employer Social Security taxes under the CARES Act

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