The congressional "super committee" officially admitted failure, but even as it did so, Congress plunged toward a new budget battle that carried an immediate punch: A year-end fight could bring a tax increase of nearly $1,000 to the average American worker. The current payroll tax holiday for ...
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Obama to Seek New Payroll Tax Cut for Small Businesses
(Updates with quotes from lawmakers, cost of payroll tax cut beginning in fifth paragraph.) Sept. 8 (Bloomberg) -- President Barack Obama will propose cutting ...
Democrats Prepare for ‘Class Warfare’
From left: Senate Majority Whip Dick Durbin, Sen. Charles Schumer and Senate Majority Leader Harry Reid called Wednesday for passage of the president’s jobs bill. Senate ...
Avoid the Payroll Tax Trap
Failure to deposit taxes withheld from employee paychecks can lead to disaster for management. This article describes the liability, and provides guidelines for avoiding it and ...
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This blog contains accounting and income tax tips to help answer questions businesses and individuals have about topics that affect most businesses and/or individuals.
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