U.S. Treasury Green Initiatives Include Changes to EFTPS Deposit Requirements - 10/05/2010

2010 Small Business Jobs Act - 09/28/2010

Tax Breaks and Incentives
• Enhanced Small Business Expensing (Section 179 Expensing)
• 100% Exclusion of Gain from the Sale of Small Business Stock for Qualifying Stock Acquired After Date of Enactment and Before January 1, 2011
• General Business Credits of Eligible Small Businesses for 2010 Allowed to be Carried Back Five Years
• General Business Credits of Eligible Small Businesses in 2010 Not Subject to AMT
• S Corporation Holding Period Temporarily Shortened
• Extension of 50% Bonus First-Year Depreciation
• Special Rule for Long-Term Contract Accounting
• Boosted Deduction for Start-Up Expenditures
• Limitation on Penalty for Failure to Disclose Certain Reportable Transactions (including listed transactions) on a Return
• Deductibility of Health Insurance for the Purpose of Calculating Self-Employment Tax
• Cell Phones Removed from Listed Property Category
  
  Offsets (Revenue Raisers)
• Information Reporting Required for Rental Property Expense Payments
• Increased Information Return Penalties
• Allow Participants in Governmental 457 Plans to Treat Elective Deferrals as Roth Contributions
• Allow Rollovers from Elective Deferral Plans to Designated Roth Accounts
• Nonqualified Annuity Contracts

The Small Employer Insurance Credit - 7/15/2010

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

Nebraska Withholding Legislation Changes - 4/15/2010

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

New Business Startup Kit

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Reporting Independent Contractors

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