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Jerry Gorski, president of Gorski Engineering, Inc., Collegeville, Pa., was featured in a video by U.S. House of Representatives Majority Whip Kevin McCarthy (R-Calif.) titled, “This is Small Business.”
ABC joined 39 other organizations Nov. 27 in sending a letter to leaders in the Senate and the House urging them to avert the looming fiscal cliff of expiring tax provisions and automatic spending cuts that will effectively raise taxes on the majority of small businesses next year.
The Internal Revenue Service (IRS) in January offered additional guidance on a provision in the Patient Protection and Affordable Care Act that will require employers to report the cost of coverage under an employer-sponsored group health plan on each employee’s W-2 form.
The Department of Treasury and the Internal Revenue Service (IRS) recently issued three notices related to the health care law that address minimum value and information reporting on health insurance coverage. In addition, the Departments of Health and Human Services, Labor and the Treasury issued a separate bulletin regarding verification of access to employer-sponsored coverage.
As part of the Family Business Estate Tax coalition (FBETC), ABC Nov. 15 sent a letter to members of Congress urging them to pass legislation addressing the estate tax before the end of the year. Barring congressional intervention, the resurgent estate tax rate and diminished exemption would saddle thousands of family-owned businesses with a crippling tax increase.