10 Mar 11 HIRE Act Primer For Enrolled Agents

HIRE Act Primer For Enrolled AgentsBy: Sawyer Adams .... Click author's name to view profile and articles!!!Retargeting by ChangoTweet The recently enacted HIRE Act of 2010 is intended to offer tax incentives to employers who hire eligible employees by offering payroll tax credits. Overall, the HIRE Act is straight- forward and determining who is an eligible employee is not overly difficult.Under the HIRE Act, employers can receive a payroll exemption of their 6.2% share of social security tax on all wages paid to qualified employees, exempting the employer from their share of Social Security taxes on 2010 wages paid to these workers after March 18, 2010. Employers are still liable for Medicare tax on all wages. In addition to the 6.2% savings, businesses who retain a qualified employee for a 52 consecutive week period can qualify for a tax credit of up to $1,000 provided the employee's pay does not decrease significantly in the second half of the year. The employer may claim the new hire retention credit on their 2011 ine tax return.What employees are eligible for the HIRE Act?The basic instructions, as explained on IRS Form W-11 are as follows. Employee must begin employment after February 3, 2010 and before January 1, 2011. An eligible employee has not been employed for more than 40 hours during the 60-day period ending on the date the employee begins work with employer. The employee must sign a W-11, or similar affidavit to be eligible. An employee is not eligible if heshe replaces a fired employee, but is eligible if filling a voluntarily vacated position, or as a result to downsizing. Employees who are also not eligible for the HIRE Act are any persons related to the employer, or a relative or dependent of anyone who owns more than 50% of outstanding stock or capital of a business. The HIRE Act does not apply to household employees.Who is an eligible employer for the HIRE Act?Businesses, agricultural employers, tax-exempt organizations, temp agencies, employees in U.S territories and public colleges and universities all qualify to claim the payroll tax benefit for eligible newly hired employees. The HIRE Act also applies to brand new businesses. A business that lays off workers due to lack of work and hires new staff when business improves may qualify. The hire act even applies to employees who are laid off and rehired for the same position, and employees hired from a temp agency if the temp agency has not claimed said employees wages.For an employee to be eligible heshe does not need work a minimum amount of hours or for a set period. Of course, to receive the general tax credit the employee must be employed for 1 year. Employers may claim the Cobra Premium Assistance Credit and the Payroll Tax Exemption for new hires on the same employment tax return.As you can see, the requirements for the HIRE Act are not overly stringent or difficult to meet. The W-11 Affidavit is currently available on the IRS official website as well as additional information regarding more specific tax questions. Enrolled agents, CPA's and other registered tax preparers should be aware of this opportunity to help clients save money under the Hire Act. These new rules cannot show up on the enrolled agent exam until the 2011 testing period, so if you are a prospective enrolled agentcurrently studying for the 2010 EA exam, you will not need to know these rules. The 2011-2012 enrolled agent course will cover this new law.Article Source: abcarticledirectoryFast Forward Academy is a leading publisher of IRS enrolled agent study guides, enrolled agent exam review questions and continuing education for all tax professionals. Information on the pany including free access to an online question bank for the EA exam is available on their website.Note: The content of this article solely conveys the opinion of its author, Sawyer AdamsRetargeting by ChangoDid You Like This Article? Share It With YourFriends!Please Rate this Article 5 out of 54 out of 53 out of 52 out of 51 out of 5 Not yet Rated Click the XML Icon to Receive Free Articles About Auditing via RSS!Additional Articles From - Home Accounting AuditingWhat you need to know about Auditing from the experts.- By : john newportCulture and business proposition- By : foxhatsNavigating Miscellaneous Itemized Deductions- By : Sawyer AdamsAbout The National Association Of Enrolled Agents (NAEA)- By : Sawyer AdamsThe History Of Enrolled Agents- By : Sawyer AdamsThe Canon Sd780is Black Silver Gold Red - Very Nice Christmas Gift- By : ArticleSubmit AutoIRS Increasing Enforcement Activity- By : Sawyer AdamsDestination Military Surplus Products- By : Ali Khan5 Tips For Getting The Right Health Insurance For Your Needs- By : danica12 Quick Tips For Eye Shadow- By : Ali Khan Still Searching? Last Chance to find what you're looking for. Try using Bing Search!

5 Mar 11 Beatin' The Blues And Bringin' In The Bucks

Beatin' The Blues And Bringin' In The BucksBy: Johnny Albertson .... Click author's name to view profile and articles!!!Retargeting by ChangoTweet My first love is music, hands down. I front a band called You Can Call Me Al (in honor of that wonderful musician, Paul Simon -- one of my greatest influences). I play guitar, sing NHL Shop
and play alto saxophone, depending on the gig, and I love doing all three.There's nothing quite like getting up on stage and belting out the blues while people sing along, dance, drink and laugh in the audience. It's such a rush to see people having fun in the crowd! The problem is, for a bunch of aging hippies like me and my band mates, the tip jar rarely covers the night's beer consumption, let alone pays the bills.That's all right, though, because I'm lucky. I've got another love, which is writing, and I might have finally found a way to something I love and actually make some real income! I've been waiting for a gig like this. And I'm so excited that it's finally here!I've actually been writing articles about my music (and my day job) for a few months now. I've done the research and submitted articles myself to several different content sites in an effort to drive traffic to my new blog, called Beatin' the Blues. My blog is mainly there to talk about the music, but I'm also thinking about joining a couple affiliate programs. Currently, I have a decent-paying day job selling multi-level marketing products, but it's so far from what I enjoy doing I can't tell you! It makes me enough to get by on, but I'm ready to put some money away for my retirement and the kids' college. Taking on a 9-to-5er doesn't appeal to me, since it would probably mean backing way off from playing two or three gigs a week. The operative word is "aging" after all!If possible, I want to keep playing music at least that often, and set up a new online revenue stream for supplemental income. I've heard that if you do it right, you really can succeed.I've checked out several affiliate programs, so I'll start by talking about some of those. The first one I found is called Article Post Robot. It's a goofy name, but they have three different affiliate programs you can sign up for. The first gives you 40 percent, or $40-$50, of every product sold on your site. The second one is also 40 percent, at $35 to $40, and the third gives only 25 percent, estimated at about $8 per sale. I'm feelin' the first two; maybe not so much the third one.The first program is an affiliation of Article Post Robot itself, a software system you purchase that allows you to post articles on sites around the Web. Personally I've been down that road with the software, but I still might be willing to join their affiliate program! Some people prefer to use software that lets them control where their articles end up. At this point, I'm looking for the widest distribution to the largest lists possible. Moving on!Another site I am looking at is called iSnare. They do it a little differently, using a referral rather than a straight-out affiliate program. It works like this: For everyone you refer to use iSnare's service (everyone who then purchases article posts) you earn free article post slots. You get one post for every five slots your referral buys, six for every 40 slots on up to 10 for 100 slots purchased.There is an option to submit articles for free on iSnare, and like any new system I explore that's the one I'll start with. To be distributed to the entire list, you Montreal Canadiens jersey
must pay a fee for your post. Definitely an option -- if I like what they have to offer after a little more exploration.I read about Article Marketer when researching Jason Develvis's website, Adventures in IM. He has a lot of great advice about how to market yourself online, and he is an affiliate of Article Marketer, so I decided to check them out.Article Marketer has a very attractive affiliate program. You put their links up on your site, and they pay you 50 percent their sales made through your website. Then, if one of your referrals becomes an affiliate, you get 5 percent of those sales too! Seems almost like they're giving away too much. I wonder if there's a catch.I've read through their spiel and it seems pretty air-tight, but again I'm a skeptic. I'm going to sign up for their free service before I make a commitment to post their links on my precious blog. So there you have it! I guess for me the jury's still out on these affiliate programs. But now you're at least semi-informed. So, what are YOU gonna do? Hopefully start making the big bucks, right along with yours truly.Article Source: http://www.shop-on-sale.com Johnny Albertson is a musician, blogger and writer. Visit his blog, Beatin' the Blues for more insights and pearls of wisdom. Johnny is a big fan of Article Marketer, an online article distribution service.Note: The content of this article solely conveys the opinion of its author, Johnny AlbertsonRetargeting by ChangoDid You Like This Article? Share It With YourFriends!Please Rate this Article 5 out of 54 out of 53 out of 52 out of 51 out of 5 Not yet Rated Click the XML Icon to Receive Free Articles About Affiliate Programs What Cloth Diaper Provides The Top Match For Newborns?- By : mirtagaylWhat is Affiliate Marketing and Why You Should Do It?- By : James A AndersonEarning Money Quickly With Email Marketing - True or False?- By : chad buistMoney Creating Tips For Individuals Involved In An Online Affiliate Marketing Home Business- By : Johnny BarrellGlobal Success Club And How To Make Money Online- By : Don Canadiens jersey
SeanMake Cash Over The Internet With Affiliate Marketing- By : Leroy WheelerWhich Affiliate Networks To Look Out For When Promoting ?- By : Elsa Braxton Still Searching? Last Chance to find what you're looking for. Try using Bing Search!