The Investing in American Workers Act (S. 2048) has been proposed to give employers a 20% tax credit. It would apply only to non-highly compensated employees (those with wages not exceeding $82,000). Small businesses (gross receipts under $5 million and no gross receipts in the prior 5 years) would be able to elect to use the credit as a payroll tax offset (rather than an income tax reduction). Chances of being enacted?
Barbara Weltman
Big Ideas for Small Business, Inc.
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It's important to take care of ourselves and take steps to nourish ourselves--body, mind and soul. We may have to do this in different and creative ways now that many of us are staying at home. It's still important that we take time for ourselves. #selfcare #Health