- 04/01/10--10:51: Employer Social Security Tax Exemption
- 04/01/10--13:30: Health Insurance Tax Credits
- 04/01/10--13:42: Massachusetts Fair Share Contribution Report
The IRS has released regulations for the HIRE Act (Hiring Incentives to Restore Employment). It was enacted March 18, 2010 and potentially provides two tax benefits to employers who hire certain previously unemployed (qualified) workers.
The first benefit is the exemption from the employers 6.2% share of the social security tax. According to the IRS website, [...]
Are you providing health insurance for your employees? Recently enacted legislation can generate tax credits for your business. The Patient Protection and Affordable Care Act provides credits up to 35% of premiums paid in 2010. Generally, companies that pay at least 50% of the premiums for some of its employees, have less than 25 full [...]
Companies reporting 11 or more employees on their quarterly Unemployment Insurance filings may be required to file the quarterly FSC (Fair Share Contribution) report. Timely filing periods are the first 45 days of each quarter, and any contribution to be paid is due on the 15th of February,
May, August and November.
For more detailed instructions or [...]
Developing a Roadmap To Your Company’s Financial Success
Join me for an upcoming seminar covering the key components to creating a financial plan for your business. You will leave the seminar with a checklist of items to consider, and a template to help organize and evaluate the results of your financial plan.
Remember, it has been said [...]