Categories Menu

Connect@ADP

Partnering with a more human resource

Arizona Extends, Expands the Quality Jobs Program

Arizona Extends, Expands the Quality Jobs Program

Arizona recently enacted S.B. 1416,1 which extends the Quality Jobs Program through June 30, 2025. The new legislation also modifies the eligibility criteria for the program. Effective January 1, 2018, a business must meet one of the below requirements in order to claim a quality jobs credit. If the business is in an urban location: If the business is in a rural location: Prior to 2018, a business in an urban location must make an investment of at least $5,000,000 and create at least 25 new jobs, regardless of the level of pay. A business in any other location in the state would have to make an investment of at least $1,000,000 and create 5 new jobs. An urban location is defined as a location within the exterior boundaries of a city or town that has a population of 50,000 or more, and is located in a county that has a population of 800,000 or more. A rural location would be a location that is in a city or...

Read More
Workplace Compliance Spotlight: Strategies for Surviving Year End Reporting

Workplace Compliance Spotlight: Strategies for Surviving Year End Reporting

For many employers, the year-end reporting cycle can be quite overwhelming as they prepare for year-end compliance activities such as balancing tax accounts and preparing to distribute Forms W-2, and look ahead to accommodate the many legislative and regulatory changes for 2018 and beyond. Keeping pace with all of these tasks — while remaining compliant — can be daunting. To help with these efforts, join us on October 18th with other business owners, HR leaders and finance execs like yourself for the next installment in our Workplace Compliance Spotlight webcast series and get critical insights on what’s new and what’s coming next from Washington DC and the states that affect employer responsibilities, including aspects of the Affordable Care Act (ACA), unemployment insurance wage and tax reporting, W-2 reporting and payroll. During this webcast, you will learn about: How to prepare for changes to compliance requirements arising from legislation like the Affordable Care Act (ACA) What to expect in terms of legislative and regulatory changes to Unemployment Insurance wage and...

Read More
Disaster Tax Relief Enacted; Act Includes Employer Retention Credit

Disaster Tax Relief Enacted; Act Includes Employer Retention Credit

In the wake of the recent hurricanes to strike the United States and Puerto Rico, Congress has passed a package of tax relief measures, the Disaster Tax Relief and Airport and Airway Extension Act1 (the “Act”), to assist individuals and businesses that were adversely affected by the storms. The bill was signed into law on September 29, 2017. Included in the Act is an Employee Retention Credit for eligible employers who continued to pay eligible employees during a period of inoperability as a result of damage sustained by reason of Hurricane Harvey, Hurricane Irma, or Hurricane Maria. 2 The amount of the credit is 40 percent of qualified wages on up to $6,000 in wages paid to each eligible employee during the period of inoperability (i.e., up to a $2,400 credit per eligible employee). To be eligible, the employer must have conducted an active trade or business in the disaster area of each storm and must have been inoperable on any day after the effective date of the storm...

Read More
Fact or Fiction? The Truth About Research & Development Tax Credits

Fact or Fiction? The Truth About Research & Development Tax Credits

Among the many tax credits and incentives the federal government provides to U.S. businesses, the research and development (“R&D”) tax credit remains largely overlooked and underutilized, meaning companies may be missing out on claiming up to thousands of dollars of credits. And probably for good reason. The phrases “research and development” and “R&D” usually bring images of lab coats and microscopes to mind. However, the federal R&D tax credit laws define “research and development” so that it can take on a much broader meaning. In fact, you may now be able to recover a significant return on your investments that involve the improvement or development of manufacturing processes, software, products, techniques, and formulas. Join us on September 28th with other business owners, HR leaders and finance execs like yourself and get the facts behind R&D tax credits, including critical insights and best practices on how companies like yours can get the tax credits for which you are eligible, so that you can have a stronger balance sheet. What You...

Read More
ADP Legislative Update: New House Bill Could Make WOTC Permanent

ADP Legislative Update: New House Bill Could Make WOTC Permanent

On August 11, 2017, House of Representatives (H.R.) Bill 3652 was introduced and, if passed, would amend the Internal Revenue Code to make the Work Opportunity Tax Credit (WOTC) permanent for qualified new hires who begin work after December 31, 2019. What you need to know: The Bill has officially moved to the House Ways & Means Committee for consideration. With processes to reform the tax code scheduled to begin in September, the Ways & Means Committee may be delayed in considering H.R. Bill 3652. The Congressional Joint Committee on Taxation (JCT) will need to score this legislation and estimate its cost over a 10 year period—it’s unlikely we’d see a vote without this information. Other ways to stay informed: Follow this bill at: https://www.congress.gov/bill/115th-congress/house-bill/3652 Read more about WOTCs here: Cost Reduction Opportunities Using Tax Credits: The Financial Advantage Learn more about opportunities for tax credits savings at: Maximize Your Employment Tax Credits and WOTC Share this:Click to email (Opens in new window)Click to share on Twitter (Opens in...

Read More
Page 1 of 712345...»