Tag: Treasury Department

U.S. Treasury Department Reports RE HIRE Act Payroll Tax Exemption

Friday, 06 August 2010

By

Vaughn Hromiko

On August 2, the U.S. Treasury Department published a report titled Updated Estimates of Newly Hired Employees Eligible for the Hire Act Tax Exemption. If you have a problem with that link, you can still read the Department’s press summary.

This new report provides monthly updated estimates of potential eligibility under the HIRE Act, including data through June 2010. According to the updated estimates, from February 2010 to June 2010, businesses hired 5.6 million new workers who had been unemployed for eight weeks or longer;

(more…)

Hire Act, Hiring Incentives To Restore Employment Act, Payroll Tax Exemption, Payroll Tax Forgiveness, Payroll Tax Holiday, Treasury Department
Read more: U.S. Treasury Department Reports RE HIRE Act Payroll Tax Exemption

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Payroll Tax Forgiveness
Amazing Map — Geography of a Recession — And the Hire Act Payroll Tax Exemption

Wednesday, 28 July 2010

By

Vaughn Hromiko

This amazing map was published by the American Observer (American University’s Graduate Journalism Magazine). Using color mapping, it illustrates the monthly progress of the recession in each U.S. county as reflected by increasing levels of unemployment. (more…)

Hire Act, Hiring Incentives To Restore Employment Act, Jobs, Payroll Tax Exemption, Payroll Tax Forgiveness, Payroll Tax Holiday, Unemployed Workers
Read more: Amazing Map — Geography of a Recession — And the Hire Act Payroll Tax Exemption

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Unemployed Workers
Soapbox from California Salinas Valley Enterprise Zone Manager

Wednesday, 28 July 2010

By

Vaughn Hromiko

For businesses located in or around the CA Salinas Valley Enterprise Zone, you have a champion in Andrew Myrick, Enterprise Zone Manager. In this Soapbox piece, published online today in The Californian, Mr. Myrick defends the enterprise zone against legislators who have been proposing changes to the program statewide. (more…)

Andrew Myrick, California, Enterprise Zones, Governor Arnald Schwarzenegger, Jobs, Salinas Valley Enterprise Zone
Read more: Soapbox from California Salinas Valley Enterprise Zone Manager

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Ca Enterprise Zone, California
CA Coachella Valley Enterprise Zone Welcomes New Zone Manager

Saturday, 24 July 2010

By

Vaughn Hromiko

From The Desert Sun, read about new Enterprise Zone Manager Mark Weber’s first week on the job. (more…)

California, Coachella Valley Enterprise Zone, Enterprise Zones, Mark Weber
Read more: CA Coachella Valley Enterprise Zone Welcomes New Zone Manager

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Ca Enterprise Zone, California
Texas Governor Proposes Tax Credit for Employers Who Help High School Dropouts Go Back To School

Wednesday, 14 July 2010

By

Vaughn Hromiko

Press Release from the Office of Texas Governor Rick Perry.
Gov. Rick Perry today proposed an initiative that will provide a business tax credit that in turn will help working Texans who never finished high school return to school to earn a diploma or GED. (more…)

Governor Rick Perry, Highschool Dropouts, Tax Credits, Texas
Read more: Texas Governor Proposes Tax Credit for Employers Who Help High School Dropouts Go Back To School

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Texas
US Teasury Department Says Employers Missing Out on 2010 Payroll Tax Exemption – Obama Will Likely Push for Extension

Monday, 12 July 2010

By

Vaughn Hromiko

I found this piece by Deborah Solomon, published online today by the Wall Street Journal.
While accurate statistics will not be available until year’s end when companies complete the filing of their tax returns, anecdotal evidence suggest the HIRE Act’ 2010 Payroll Tax Exemption is far from being fully utilized by U.S. employers. In response, President Obama’s Treasure Department is expected to begin marketing the program more aggressively. The Obama Administration will also probably seek to extend the program beyond its current December 31, 2010 expiration date. (more…)

Deborah Solomon, Employers, Hire Act, Hiring Incentives To Restore Employment Act, Jobs, Obama Administration, Payroll Tax Exemption, Payroll Tax Forgiveness, Payroll Tax Holiday, Tax Credits, Treasury Department, Wall Street Journal
Read more: US Teasury Department Says Employers Missing Out on 2010 Payroll Tax Exemption – Obama Will Likely Push for Extension

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Payroll Tax Forgiveness
Procedures for Correcting Form 941 – IRS Fed State & Local Governments Update

Monday, 12 July 2010

By

Vaughn Hromiko

The July 2010 issue of the IRS Federal State & Local Government Newsletter discusses procedures for making correction to IRS Form 941, which is the Employer’s Quarterly Federal Tax Return. (more…)

Hire Act, Internal Revenue Service, Irs, Irs Federal State Local Government Newsletter, Irs Form 941, Payroll Tax Exemption, Payroll Tax Forgiveness, Payroll Tax Holiday
Read more: Procedures for Correcting Form 941 – IRS Fed State & Local Governments Update

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Payroll Tax Forgiveness
California Enterprise Zone A Major Ingredient in Otay Mesa CA Recipe for Growth

Monday, 12 July 2010

By

Vaughn Hromiko

Here’s an upbeat news piece by By Dean Calbreath, a Staff Writer with the San Diego Union Tribune.
Recipe for growth: Otay Mesa’s infrastructure, zoning and financial advantages have civic leaders promoting it as a center for food production. (more…)

California, Enterprise Zone Hiring Credit, Enterprise Zones, Otay Mesa California, San Diego Enterprise Zone, Tax Credits
Read more: California Enterprise Zone A Major Ingredient in Otay Mesa CA Recipe for Growth

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Ca Enterprise Zone, Ez Hiring Credit
Governor Schwarzenegger Says: Bigger Government Bad. Tax Credits and Lower Taxes Good.

Saturday, 26 June 2010

By

Vaughn Hromiko

Governor Schwarzenegger’s radio address this week was a breath of fresh air — and very relevant to California’s various tax incentive programs. The Governor strongly criticizes California legislators who suggest tax incentives are to blame for the state’s budget deficit. (more…)

California, Governor Arnald Schwarzenegger, Jobs, Jobs Creation, Lower Taxes, Tax Credits, Tax Incentives, Weekly Radio Address
Read more: Governor Schwarzenegger Says: Bigger Government Bad. Tax Credits and Lower Taxes Good.

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California
Los Angeles Serious About Reforming Business Climate With Tax Breaks

Friday, 25 June 2010

By

Vaughn Hromiko

Austin Beutner

Austin Beutner, first deputy mayor and CEO of the Los Angeles Office of Economic and Business Policy, published a spirited piece in the Los Angeles Daily News today.
There has been a lot going on in the Los Angeles area including a sizable enterprise zone expansion, the creation of a new “business tax holiday,” discounts from the Department of Water and Power for new businesses, and even a fast-track program to help new businesses rapidly set up their power and water services. (more…)

Business Tax Holiday, California, California Business Climate, Chief Executive Magazine, City Of Los Angeles, Department Of Water And Power, Deputy Mayor Austin Beutner, Los Angeles Enterprise Zone, Los Angeles Office Of Economics And Business Policy
Read more: Los Angeles Serious About Reforming Business Climate With Tax Breaks

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California