About Partners Contact Client Portal
LinkedIn Twitter
Services Industries Insights & Events Careers & Culture

Services

RubinBrown specializes in providing a comprehensive range of services to meet business and personal needs. Whether you require expert tax, strategic business consulting, audit services or more, RubinBrown's team of experienced professionals are here to support you.

View All Our Services
Assurance Services
Benefit Plan Audit Services Public Company Services SOC Examinations, IT Audit, & Third-Party Risk
Consulting Services
Business Process Improvement Services Business Restructuring & Bankruptcy Services Cyber Security Services Environmental, Social and Governance Services ERP & Enterprise Software Advisory Fraud & Forensics SOC Examinations, IT Audit, & Third-Party Risk Information Technology Services Litigation Services Mergers & Acquisitions Services Risk & Internal Audit Services Valuation Services
Entrepreneurial Services
Outsourced Accounting & Advisory Services
Tax Services
Federal Tax Services Private Client Services Credits & Incentives Services State & Local Tax Services
RubinBrown Advisors RubinBrown Corporate Finance

Industries

At RubinBrown, we bring experience across a range of industries. Our experience enables our professionals to offer tailored solutions catering to the intricacies of each sector. Our professionals have years of focused engagement and skills, allowing them to navigate industry-specific challenges to benefit our clients.

View All Our Industries
Colleges & Universities Construction Gaming Healthcare Law Firms Life Sciences & Technology Manufacturing & Distribution Not-For-Profit Private Equity Public Sector Real Estate Transportation & Dealerships

Insights & Events

At RubinBrown, we provide valuable insights detailing emerging trends and industry-specific information. Our events, hosted virtually and in-person, keep you informed and connected to the topics and industries that matter most to you and your organization.

View All Insights & Events
Jun 11

RubinBrown’s Leveraging Technology for Business Success

Learn More & Register
Jun 17

RubinBrown’s Rural Health Webinar Series

Learn More & Register

RubinBrown Sports Betting Index: March 2025 Analysis

Learn More

Tax Bill Watch 2025: Budget Resolution Compromise

Learn More

Careers & Culture

At RubinBrown, we are inspired team members, working as one firm, living our core values, and Being Our Best for Others while delivering totally satisfied clients. We invite you to learn more about the Firm's culture, the Be Your Best for Others mentality, and explore the available opportunities at RubinBrown.

Discover Our Culture
Baker Tilly International Campus Recruiting Diversity & Inclusion Experienced Recruiting RubinBrown Charitable Foundation Join The Team
Back to Insights

Focus on Not-For-Profits: Deferral of Withholding and Payment of the Employee Share of the Social Security Tax

Contact Us

Focus on Not-For-Profits: Deferral of Withholding and Payment of the Employee Share of the Social Security Tax

Contact Us

linkedin image

Late on August 28th, the IRS issued additional guidance regarding the deferral of withholding and payment of the employee share of the Social Security tax as directed by President Trump on August 8th in a memorandum. As a reminder, this memorandum does not change an employee’s underlying tax obligation but rather just defers the payment of this tax obligation.

Starting on September 1, 2020 and effective through December 31, 2020, Notice 2020-65 allows for deferral of the withholding and payment of the 6.2% employee payroll tax on wages or compensation less than $4,000 (pre-tax) per biweekly pay period. This deferral is available for any biweekly period in which an employee’s compensation is less than $4,000, regardless of whether the employee’s compensation exceeds that threshold in another biweekly period.  However, if compensation exceeds this threshold for a biweekly period, deferral is not possible in that period for that employee.

Employers that elect to participate in this deferral will resume the withholding and payment of both the employee’s deferred share of the Social Security withholding, as well as the employee’s share of the current FICA withholding tax on January 1, 2021. Through April 30, 2021, employers must withhold ratably from wages and compensation paid during this period both the current and previous withholding. Thus, any payroll taxes deferred from September 1, 2020 through December 31, 2020 will be recovered by the employer through excess employee withholdings from January 1, 2021 through April 30, 2020. The responsibility for collecting these previously deferred taxes appears to be placed on the employer, meaning not-for-profit organizations could be responsible for the liability of an employee if the employee is no longer employed by the organization in 2021. It should be noted that the Notice does allow the Employer to “make arrangements” with the employee to collect any deferred withholdings.

This deferral is not mandatory. Not-for-profit organizations should evaluate whether implementation is in their and their employees’ best interests. If you have any questions, please reach out to your RubinBrown team.

 

Readers should not act upon information presented without individual professional consultation.

Any federal tax advice contained in this communication (including any attachments): (i) is intended for your use only; (ii) is based on the accuracy and completeness of the facts you have provided us; and (iii) may not be relied upon to avoid penalties.

 

 

 

Contact Us:

Be Your Best for Others at RubinBrown

At RubinBrown, our firm fosters a culture built upon five vision points, and are guided by our philosophy of Being Our Best for Others. Discover how you can be your best at RubinBrown today by visiting our Careers & Culture Overview for available opportunities and more.

Discover Our Culture

Join Our Mailing List

RubinBrown periodically sends breaking regulatory updates, technical summaries, industry-specific information and event (in-person and virtual) invitations through electronic newsletters.

Sign Up for Our Communications
1-800-678-3134 Certified Public Accountants & Business Consultants

Ranked a Top 50 Accounting Firm by Inside Public Accounting

Firm News Disclaimers Privacy Policy Client Payment © 2025 RubinBrown LLP
RubinBrown Executive Recruiting RubinBrown Advisors RubinBrown Corporate Finance