Today President Obama signed stand-alone legislation that would repeal the 1099 tax reporting requirement for businesses included in the Affordable Care Act (or the health care reform law). This reporting requirement would have required businesses to file a 1099 form with the Internal Revenue Service every time they spent more than $600 a year with [...]
Small Business Tax Credit
Small Group Tax Credit With April 15th right around the corner, here’s some information about the Small Business Tax Credit that is available to employers that have fewer than 25 full-time equivalent employees. This tax credit is available to employers that maintained a “qualifying arrangement” under which the employer pays a certain percentage of the [...]