Posted on Wednesday, April 13, 2016 11:48 AM By Jeff Leieritz
New analysis from the U.S. Department of the Treasury shows that the construction industry pays the highest effective tax rate—the percent of income businesses actually pay in taxes—of any sector of the economy. According to the report, the typical construction company faces an average effective federal tax burden of 30.3 percent, well above the 23.3 percent average for all US businesses.
Posted on Wednesday, April 13, 2016 11:02 AM By Jeff Leieritz
On April 12, ABC joined more than 60 national and multi-state organizations across the country in sending a letter to members of the House Committee on Ways and Means urging them to take action on the Small Business Healthcare Relief Act (H.R. 2911 ). The bill would allow small businesses that have fewer than 50 employees to offer employer payment plans and Health Reimbursement Arrangements (HRAs) to employees for the payment of premiums or qualified medical expenses associated with insurance coverage.