Per the American Payroll Association, the Treasury Department has announced that, as part of a three-pronged initiative to reduce the amount of paper transactions it handles, most employers that now are allowed to use paper Federal Tax Deposit Coupons and checks to make payroll tax deposits will have to make those deposits electronically through the Electronic Federal Tax Payment System (EFTPS) beginning in 2011. The primary exemption will be for employers that have $2,500 or less in quarterly...
Read More >>Reform to the health insurance systems will offer an immediate benefit to small businesses via tax credits starting this year, rather than burden them with continually rising health insurance premiums.
- In 2010, small business owners will be receiving up to 35 percent of the employee premiums they pay.
- In 2014, the maximum tax credit will increase to 50 percent. This will allow small business owners to seek plans through health insurance exchanges. These exchanges are a marketplace where small...
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