Sunday 2 December 2012

Lower taxation without aggravation: What employers should know about the stimulus package - New Mexico Business Weekly:

vlastaowibopaj.blogspot.com
Two key provisions of the plan are a tax creditr for employees and a healt h insurance subsidy forunemployed workers. Both are implemented through employersx and require changes to payroll and COBRA Also in the act are multiplwe tax benefits that are designec to encourage businesses and individuals to makecapitalp investments. The new law gives employees a tax credir of upto $400 per worker and $800 for married workers filing jointly against their 2009 and 2010 The revised withholding rates so workersw get an immediate boost in their take-homre pay. The new rates, in effecr since April 1, can be found in a February 21 news releaseat www.irs.gov/newsroom.
Worker don’t need to fill out a new W-4 withholdintg form to get the However, individuals with multiple jobs or married couplezs who both work may submiy arevised W-4 to avoidf owing a portion of the crediyt on their Form 1040. Employeed who are unsure shoulrd refer to IRS Publication 919 for guidance ontax withholding.

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