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BUSINESS TIPS

HIRE Act – Question and Answer for Employers - 07/01/2010

• Who are qualified employees?
• If an employer hires a recent graduate who has been in school for some or all of the 60 days preceding the start of his employment, does the payroll tax exemption apply to wages paid to the employee?
• Is there a minimum age for qualified employees? Will high school summer hires and interns be considered eligible employees?
• Is the 60-day period continuous, and can it span 2009-2010?
• Does the payroll tax exemption apply to wages paid to an employee who was previously laid off and then rehired by the same or a related employer after a 60-day period?
• If an employer lays an employee off because of lack of work and later, when work picks up, hires a new employee, can the payroll tax exemption apply to wages paid to the new employee?
• Does the qualified employee have to work a set period of time for the employer to be eligible for the exemption?
• What do qualified employees need to do for their employer to claim the payroll tax exemption?
• Is there a deadline for the employer to get the signed affidavit from the employee?
• How does the employer claim the payroll tax exemption for wages paid to qualified employees?

Dividends to Become More Taxing - 07/01/2010

The Small Employer Insurance Credit - 07/01/2010

Health Reform Legislation - 04/01/2010

• Tax credits to certain small employers that provide insurance.
• Most small businesses exempted from penalties for not offering coverage to their employees.
• The “Cadillac tax” on high-cost health plans.
• Employers required to offer health coverage.

Hiring Incentives to Restore Employment (HIRE) Act

• HIRE Act - 03/19/2010
• Extension of enhanced business expensing (Section 179)
• Payroll tax holiday and up-to-$1000 credit for employers who hire unemployed workers
• Revenue offsets

State Unemployment Rate Increases

Adobe Acrobat - 12/30/2009

Simple Retirement Plans

Adobe Acrobat - 12/28/2009

2010 Standard Mileage Rate

Adobe Acrobat - 12/15/2009

Gift Deductions

Adobe Acrobat - 10/26/2009

Minimum Wage

Adobe Acrobat - 09/26/2009

NE Contractor Registration Act

Adobe Acrobat - 08/16/2009

New Business Startup Kit

Choose Format - Microsoft Word | Adobe Acrobat

Reporting Independent Contractors

Adobe Acrobat