NEW HEALTH CARE TAX CREDIT FOR EMPLOYERS

The Internal Revenue Service mailed over four million postcards in April to small businesses and tax-exempt organizations to alert them to the new Small Business Health Care Tax Credit and encourage them to check their eligibility.  Even if you didn’t receive a postcard, your business may still be eligible.  Click on the link below to read more about the New Health Care Tax Credit.
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HIRE ACT OFFERS TAX INCENTIVES TO EMPLOYERS

The Hiring Incentives to Restore Employment (HIRE) Act offers tax relief to businesses and not-for-profit organizations that add employees to their payrolls this year. Under the HIRE Act, nongovernmental employers and public higher education institutions can receive limited payroll tax relief on wages paid to qualifying individuals after March 18, 2010, through the end of 2010. The HIRE Act also offers these employers a tax credit for retaining the workers they hire.Click on the link below to read more about the HIRE Act.
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KENTUCKY NEW HOME CREDIT

The new state budget passed by the Kentucky General Assembly on May 28, 2010, extends the Kentucky New Home Credit to the end of the year.  See the attached article for additional information.

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