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One reason to dislike the IRS a little less: The IRS is giving everyone THREE extra days (wahoo!) to file your 2010 taxes. If you’ve been putting off preparing your taxes until the last minute, you have until Monday, April 18th to get it done. No, the IRS is not just being generous. The mini-extension… Continue reading Gimme a break!
Questions abound! Here’s an answer: HOW TO CLAIM THE TAX CREDIT How does an employer claim the tax credit? The credit is taken on the annual tax return. The IRS will provide information on how tax-exempt employers can claim the new credit. Does taking the tax credit affect an employer’s deduction for health insurance premiums?… Continue reading Small Businesses: How To Claim Your Health Insurance Premium Tax Credit
Watch out! The IRS is cracking down on cheating companies! This recent article is from Parade Magazine: Some labor-force experts predict that 50% of jobs created in the economic recovery will go to contractors, consultants, or other temporary employees. That’s good news for employers, since these “contingent workers” cost 30% less than full-time staff (no… Continue reading Are You an Employee or an Independent Contractor?