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Are New Tax Incentives for Hiring Enough?
The Hiring Incentives to Restore Employment (HIRE) Act, which was signed into law on March 18, 2010, gives employers two new tax breaks for adding to their payroll. Will this induce you to create...
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Can You Keep Your Health Insurance Plan?
Remember the promise made during the health care debate that “if you like your health coverage, you can keep it?” Now it seems that fewer than 20% of small businesses will be able to do so. The...
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Tax Breaks: Incentives or Rewards?
Tax legislation is not exclusively about raising revenue; it’s about incentivizing certain actions that Congress deems worthy. Last year there was a deduction for sales tax on new car purchases as a...
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A Tax Hike Is Already on the Books
There’s been much talk about raising the income tax rates for so-called “wealthy individuals,” which has been defined by President Obama as singles with income over $200,000 and couples with income...
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Keeping Your Health Insurance Plan
Remember the promise made during the health care debate that “if you like your health care coverage, you can keep it?” Now it seems that fewer than 20% of small businesses will be able to do so. The...
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What to Do about Health Insurance Now?
The Patient Protection Act of 2010 was supposed to be the panacea for high premium costs that pose a barrier for small businesses to provide coverage. To date, most small business owners I talk to say...
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5 Things That Trouble Me about Obamacare
So the U.S. Supreme Court says Obamacare is constitutional. What does this mean for you and your business? Here are 5 results of this court decision that are problematic to me. 1. The IRS governs...
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Small Business Jobs and Tax Relief Act — Good Policy or Bad Distraction?
The Senate is focusing on passage of a bill (S. 2237) that purports to help small businesses. It would give them a tax credit for expanding payroll and allow them to take 100% bonus depreciation for...
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The Additional Medicare Tax in 2013
Starting on January 1, 2013, there is an additional Medicare tax of 0.9% on earned income over a threshold amount (this threshold depends on your filing status). This tax was created by the Patient...
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