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Democrat Luis Alejo, of the 28th Assembly District published a Soapbox article today on TheCalifornian.com. Alejo was chosen by voters as a new member of the California Assembly in the recent elections.
Democrat Assembly Speaker John Perez recently appointed Alejo as Vice Chairman of the Assembly Local Government Committee, a committee that, according to Alejo “will be in a key leadership role over all matters affecting local government.” Alejo is also a member of the Assembly Budget Committee. (more…)PUBLISHED IN
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If your company participated in the HIRE Act’s 2010 payroll tax exemption there is important IRS information you need to know. Without becoming anyone’s tax advisor (I’m not), let me point out a thing or two from the IRS website. I strongly recommend that you go there yourself (and make sure your payroll services provider is fully informed!). (more…)
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It was such big news; I put off posting it for a couple of days.
Although there were some hiccups, the US House of Representatives passed the Senate version of the tax bill on Thursday without amendments. President Obama signed the bill on Friday. For now, it is done. (more…)PUBLISHED IN
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The US House is schedule to vote on the tax bill today. The House Rules Committee, however, is allowing a vote on only one proposed amendment – an amendment to increase the estate tax. The rule allows no other motions or amendments on the bill.
While we hoped for an extension of the HIRE Act payroll tax exemption, that program will end for new hires (as it was originally scheduled) on December 31. Do not forget, however, that the HIRE Act’s worker-retention tax credit remains in play — many employees who qualified for the payroll tax exemption in 2010 will generate an additional income tax credit for their employer in 2011 after working for 52 weeks.
Some employers who participate in the Work Opportunity Tax Credit (WOTC) program will experience a small decrease in qualifications in 2011 as the Disconnected Youth and Unemployed Veteran target groups also expire. We are consoled, however, by the fact that the WOTC program itself has been renewed through 2011.
So, far now — for now — the fight is temporarily over. In 2011, we will be working with the new Congress to renew and extend as many of these provisions as feasible. If you’re interested in joining the WOTC Coalition and playing some role in the effort, contact Paul Suplizio, President of the WOTC Coalition. Visit the Coalition’s website at www.WOTCCoalition.com.PUBLISHED IN
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