Dribs and Drabs: Springing Into Action

Today is one of those days where you just know Spring is coming, but you need further proof. In light of that feeling, which has been with me since I got up this morning, I'm concentrating on items that are "further proof" of statements made by agencies in how they will help you in terms of the Recovery and Reinvestment Act of 2009.

(1) Employers to Receive COBRA Medical Coverage Tax Credit. The IRS released information relative to employers claiming credit for the COBRA medical premiums they pay for former employees. If your small business has had to lay off workers due the recession, this may be important for you to know. The IRS unveiled new information on their website that includes an extensive set of questions and answers for employers. In addition, the website contains a revised version of the quarterly payroll tax return that employers will use to claim credit for the COBRA medical premiums they pay for their former employees.

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