In 2013, the Cole Memorandum, which advised U.S. attorneys to refrain from prosecuting state-licensed marijuana businesses unless they violated a federal law was signed by the Obama administration. The Cole Memorandum has since been rescinded in 2018 causing uncertainty among the industry.
In early 2018, the IRS took the first step to reflect the Tax Cuts and Job Act by releasing the new withholding tables. PeopleGuru implemented the 2018 Withholding Calculations immediately following the release that reflected in payroll as early as Saturday, January 13, 2018.
On January 11, 2018, the Internal Revenue Service (IRS) released Notice 1036, which updates the income-tax withholding tables for 2018. The new table reflects the changes in the Tax Jobs and Cuts Act of 2017 that was enacted by legislation last month.