Business-related News
More Business Package Mailings End Following Growth of e-File
Business taxpayers will no longer receive additional tax packages in the mail from the IRS.
Payroll Tax Cut to Boost Take-Home Pay for Most Workers; New Withholding Details Now Available on IRS.gov
IR-2010-124, Dec. 17, 2010 The IRS released instructions to help employers implement the 2011 cut in payroll taxes, along with new income-tax withholding tables that employers will use during 2011.
New Law Allows In-Plan Rollovers to Designated Roth Accounts
Sponsors may amend 401(k) and 403(b) plans (and governmental section 457(b) plans for tax years beginning after 2010) to allow participants to transfer eligible rollover distributions to their designated Roth accounts in the plan.
IRS Releases Form to Help Small Businesses Claim New Health Care Tax Credit
IR-2010-96 Sept. 7, 2010 The IRS released a draft version of the form that small businesses and tax-exempt organizations will use to calculate the small business health care tax credit when they file income tax returns next year.
