Posted on Wednesday, January 2, 2013 2:24 PM By Kinsey Cooper
Both the U.S. Senate and the U.S. House of Representatives Jan. 1 passed legislation to permanently extend Bush-era tax policies for most income levels, softening the blow of the fiscal cliff after allowing individual rates to expire for nearly 24 hours.
Posted on Wednesday, December 19, 2012 10:56 AM By Kinsey Cooper
Several new provisions from the Patient Protection and Affordable Care Act (PPACA) are scheduled to become effective beginning next year. To help members understand their responsibilities under the health care law, ABC is providing a round-up of those regulations.
Posted on Tuesday, December 4, 2012 11:14 AM By Kinsey Cooper
The Internal Revenue Service (IRS) and the Treasury Department issued proposals that will implement two taxes in the health care law on Jan. 1, 2013: the onerous 3.8 percent Net Investment Income Tax and the 0.9 percent Additional Medicare Tax. These taxes will heavily impact many merit shop contractors.
Posted on Friday, November 30, 2012 11:23 AM By Kinsey Cooper
Jerry Gorski, president of Gorski Engineering, Inc., Collegeville, Pa., was featured in a video by U.S. House of Representatives Majority Whip Kevin McCarthy (R-Calif.) titled, “This is Small Business.”
Posted on Wednesday, November 28, 2012 11:57 AM By Kinsey Cooper
ABC joined 39 other organizations Nov. 27 in sending a letter to leaders in the Senate and the House urging them to avert the looming fiscal cliff of expiring tax provisions and automatic spending cuts that will effectively raise taxes on the majority of small businesses next year.
Posted on Wednesday, November 21, 2012 9:43 AM By Jeff Leieritz
As part of the Family Business Estate Tax coalition (FBETC), ABC Nov. 15 sent a letter to members of Congress urging them to pass legislation addressing the estate tax before the end of the year. Barring congressional intervention, the resurgent estate tax rate and diminished exemption would saddle thousands of family-owned businesses with a crippling tax increase.
Posted on Wednesday, November 21, 2012 9:40 AM By Kinsey Cooper
Watch ABC Chief Economist Anirban Basu’s analysis of the how the impending fiscal cliff will impact the construction industry.
Posted on Wednesday, November 14, 2012 12:23 PM By Kinsey Cooper
President Barack Obama will be holding a summit Nov. 16 at the White House with congressional and corporate leaders to discuss the impending year-end tax increases and spending cuts, known as the fiscal cliff. In a Nov. 14 statement, ABC expressed concern over the troubling exclusion of small businesses from the summit.
Posted on Wednesday, October 31, 2012 3:51 PM By Donna Puglisi
The Patient Protection and Affordable Care Act requires employers that issue more than 250 W-2 forms to report the cost of health care coverage under an employer-sponsored group health plan on each employee’s 2012 W-2 form, which generally are required to be provided to employees in January 2013.
Posted on Wednesday, September 19, 2012 1:45 PM By Donna Puglisi
In advance of a Sept. 13 U.S. House of Representatives subcommittee hearing titled, “Adding to Uncertainty: Small Business’ Perspectives on the Tax Cliff,” ABC called for immediate bipartisan action to avert the looming year-end tax increases.