For those of us awaiting guidance from the IRS about the new Payroll Tax Forgiveness Program of 2010, there is some good news. A draft IRS Form W-11 has been posted on the IRS Website, in addition to a set of Frequently Asked Questions or FAQs. (more…)
Tag: Apprenticeship And Jobs Training Act Of 2015
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Dearest Subscribers to WOTC Planet.com:
Please take a moment to add vah@WOTCPlanet.com to your e-mail contacts list. Sometime in the near future, we will be updating the WOTC Planet news blog so that news updates come to you from the WOTCPlanet e-mail server. Currently, e-mails updates are being sent out from my own account at RestaWOTC (e.g., vah@restaWOTC.com). (more…)PUBLISHED IN
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I have wanted to write about this for a couple of weeks now, but as you know if you follow the news, there has been a lot going on.
On March 5, 2010 the U.S. Department of Labor’s Employment and Training Administration issued Training and Employment Guidance Letter NO. 3-09 Change 2. (I’m not complaining, but even the names of these documents are complicated.) (more…)PUBLISHED IN
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Directly from the wire….
WASHINGTON — Two new tax benefits are now available to employers hiring workers who were previously unemployed or only working part time. These provisions are part of the Hiring Incentives to Restore Employment (HIRE) Act enacted into law today. (more…)Economic Recovery, Hire Act, Hiring Incentives To Restore Employment Act, Hr 2847, Jobs, Jobs Creation, Payroll Tax Exemption, Payroll Tax Forgiveness, Payroll Tax Holiday, Tax Credits, Unemployed WorkersRead more: From IRS Newswire – Two New Tax Benefits Aid Employers Who Hire and Retain Unemployed WorkersPUBLISHED IN
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Today, as anticipated, the U.S. Senate approved the amended HIRE Act, which had been passed back from the House on March 4th (see previous post). As you may recall, this bill includes a Payroll Tax Forgiveness program. For qualifying workers, this will relieve employers of the 6.2 percent FICA tax expense during 2010. If such a worker remains employed for at least 52 weeks, the employer receives a $1,000 income tax credit for 2011. (more…)
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The California State Senates Revenue and Taxation Committee has scheduled an informational hearing for today on the subject of California’s Enterprise Zone program. The hearing is scheduled to begin 1:30 PM. Click here for the Agenda
Let’s keep our fingers crossed that those who speak best also know best while keeping the interests of California employers (and their employees) in focus. (more…)PUBLISHED IN
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The Jobs for Main Street Act, which we’ve been following from House to Senate to House, is now headed back to the Senate again. From the House perspective, the bill is known as the Hiring Incentives to Restore Employment (or “HIRE”) Act. (more…)PUBLISHED IN
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Press release from the National Restaurant Association.
Bill Will Provide Needed Boost for America’s Restaurant Industry
March 04, 2010
Contact: Sue Hensley (703) 582-8679, Maureen Ryan (202) 331-5939
(Washington, D.C.) – The National Restaurant Association today celebrated a major victory for the restaurant and hospitality industries as President Obama signed the first-ever Travel Promotion Act into law during a signing ceremony at the White House. The legislation provides resources to promote international travel to the United States. (more…)PUBLISHED IN
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Published today by KXO Radio, out of El Centro, California, I found these thoughts by California Assemblymember V. Manual Perez entitled, Maximizing Our Tools for Economic Recovery. Assemblyman Perez is a strong proponent of California’s enterprise zone tax incentives program and has been holding hearings to explore the effectiveness and potential improvements to the program. (more…)
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As anticipated, The Jobs for Main Street Act of 2010 passed the Senate today with 70 votes yea, 28 nay, and 2 not voting. If you’re interested in the political party statistical breakdown, the yea votes included 12 Republicans. The nays included only one Democratic. The not-voting crowd included one Democrat and one Repubilcan. (more…)
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