To All Employees:
On August 8th, 2020 the President Donald Trump signed a Presidential Memorandum for a payroll tax deferral effective September 1, 2020 to December 31, 2020. The payroll vendor for NCO, Inc. will not withhold the Social Security tax from employee’s checks unless they are otherwise instructed by the employees. Please understand that this is a tax deferral. All taxes not paid between September 1, 2020 – December 31, 2020 will start being withheld on January 1, 2021 and must be repaid by April 30, 2021 to avoid penalties and interest. If you wish to proceed with the tax deferral no action is needed. If you wish to have the Social Security tax withheld as normal please contact me via email at email@example.com . I will also need the attached memo signed and returned to me at the administrative office 710 S. St Louis Batesville, AR 72501.