Ways & Means Advances New Unemployment Premium

Another important issue that’s being debated and will have a significant impact on businesses’ ability to rehire the help it will need is the unemployment insurance premium that democrats in Congress are pushing. It’s not back to the $600 mark just yet, but it’s certainly moving in that direction. This week, the US House Ways…

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Tale of Two Approaches

As Congress gets closer to possibly another economic recovery legislation, and the clamor to date has been for as much a $1 trillion in relief to state and local government, we’ve now entered FY 2021 budget. With tax receipts significantly reduced, every state and local government is facing some tough budget decisions. A quick look…

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The Good, the Bad & the Ugly!

Fortunately, we don’t have to report on every legislative initiative that comes down the road, but there is a vast array of fringe legislation regularly considered and sadly enough, often adopted as the law of the land! For a few examples, consider that the New Jersey legislature recently increased the state minimum wage to $10/hour…

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IRS Again Tweaking End-runs of New SALT Rules

Just 2 weeks after it proposed a new rule to block state efforts to circumvent the $10,000 state and local tax deductions limit (SALT), the Internal Revenue Service (IRS) this week clarified that companies that make business-related payments to charities or government entities may at times write off those donations as normal business expenses, just…

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Maryland Governor Files Sick Leave Bill

As a further case in point as to the spread of paid sick leave, Maryland Governor Larry Hogan announced he will file two paid sick leave bills for consideration during the upcoming legislative session. Last session, the Maryland legislature passed the Maryland Healthy Working Families Act, a sick leave bill which Hogan vetoed as being…

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National Paid Leave Bill Filed

Legislation that effectively creates a voluntary national paid leave policy was introduced into both houses of Congress earlier this week. The legislation, entitled the Strong Families Act, would give a 25% tax credit to companies that offer between two and twelve weeks of paid leave to their employees. Filed by Republican Senator Deb Fischer (NE)…

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Congress Hears More on Paid Leave

President Trump’s daughter and key advisor, Ivanka Trump, was discussing paid leave with Senators this week, explaining changes that the administration would endorse in pending paid leave proposals. The current plan put forth by republicans would give employees the option to contribute tax-free dollars to a Parental Savings Account from which funds could be withdrawn…

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Challenge to Obama Care Tax Credits Heard by SCOTUS

The US Supreme Judicial Court heard arguments this week on the issue of tax credits being utilized in the Affordable Care Act.  The issue stems from language in the health care law (“We have to pass the health care bill so we can find out what’s in it.” – then-Speaker Nancy Pelosi) that authorizes a…

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Affordable Care Act Takes Hold

Although small businesses that employ at least 50 and fewer than 100 workers are not required to offer health insurance to their employees until January, 2016, there are a host of reporting requirements that such businesses must meet this year to ensure they have the information necessary to comply with the mandate next year when…

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