16 Dec 2008
The US Congress should pass a six-month payroll tax holiday as part of any economic stimulus package being considered over the next weeks, the National Federation of Independent Business has said.
A survey by the small business group found that small business owners are feeling the impact of the current economic recession, finance newswire WebCPA reported.
Half of those surveyed reported falling profits.
Eliminating the 6.2% payroll tax on employer would decrease the cost of labor and would help employers keep people working during this period of slowing economic growth, the NFB said.
Further reading:
You may also like
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
Visitor comments Add your comment