Bruce D Bloch, C.P.A., A Professional Corporation

More to come on this one.... there's already much debate about how burdensome this will be for business'.

Tax Report: Why the Self-Employed Might Owe OfficeMax a 1099 - WSJ.com Small businesses and self-employed workers will have a blizzard of new tax paperwork starting in 2012.

The March 18th passage of the "Hiring Incentives to Restore Employment Act" (HIRE Act) was overshadowed by the Health Care Reform signing on the 23rd and got very little press. The HIRE Act contains two new tax benefits that employers who hire and retain unemployed workers should know about.

Two New Tax Benefits Aid Employers Who Hire and Retain Unemployed Workers WASHINGTON — Two new tax benefits are now available to employers hiring workers who were previously unemployed or only working part time. These provisions are part of the Hiring Incentives to Restore Employment (HIRE) Act enacted into law today.

Here is an article summarizing the tax changes created by PL 111-148 and PL 111-152. See also "Provisions Unrelated to Health Care" for some important technical changes and a rather humorous one (see "Tax on indoor tanning services"). I would love to hear what backroom negotiation created that one.

Health Care Reform Reshapes Tax Code In March, Congress passed two pieces of legislation designed to reform the U.S. health care system. The Patient Protection and Affordable Care Act (PL 111-148) was enacted on March 23, and was quickly ...

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The Tax Foundation - What Happens If You Don't Buy Health Insurance under Health Care Reform Bill? There is much discussion of the individual mandate provision in the health care bill that the House passed on Sunday. Much of that discussion centers around the legality of the provision.

If you are one of those people that philosophically objects to paying income taxes on dividends and interest earned from income already taxed hold on to your wallets. Read the attached article about the adding medicare taxes onto income other than wages via the health reform bill.

Health-care reform's 'back-door' tax The big talk on Capitol Hill may be about health-care reform, but as part of this massive undertaking, the Democrats are quietly reshaping the tax system too. Tucked inside President Obama's latest health-care proposal is a major change to the Medicare tax.

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Bruce D. Bloch, C.P.A. - A Professional Corporation Certified Public Accountants

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Bruce D. Bloch, C.P.A. - A Professional Corporation Certified Public Accounting