Daily Archives: July 1, 2010

HIRE Act – Question and Answer for Employers

Under the Hiring Incentives to Restore Employment (HIRE) Act, enacted March 18, 2010, two new tax benefits are available to employers who hire certain previously unemployed workers (“qualified employees”). The IRS has provided clarification to this act, which we would like to pass on to our clients. The tax benefits available to employers are likely to […]

Dividends to Become More Taxing

The 2001 Tax Act changed the way dividend income was taxed, taxing it at long-term capital gains rates of up to 15% rather than ordinary income rates of up to 35%. This act is set to expire at the end of 2010, meaning this special rate for dividends is about to disappear. Without congressional action […]

The Small Employer Insurance Credit

The IRS has recently issued tax payer friendly updates to the Small Employer Insurance Credit. Eligible Small Employers – To be an Eligible Small Employer, the employer must meet all the following requirements to qualify for the credit: Must employ no more than 25 Full Time Equivalent (FTE) employees during their tax year. Must pay annual […]