14 Dec Prestige & PEO Industry Seeks Support for PEO Tax Legislation
Posted at 20:52h
in Blog
As Congress heads into its final week, the PEO industry is making a strong push on Capitol Hill to have S 1908 (The Small Business Efficiency Act) included in a larger tax bill. Passage of S. 1908 would help more small businesses free up resources in order to create more jobs. Specifically, this bill will:
- Improve tax compliance with federal tax law
- Grant legal status with the IRS for PEOs
- Create a voluntary certification process within the IRS for PEOs and a safe harbor for those small businesses that use certifed PEOs; and
- Provide needed certainty for small business, allowing that sector to better focus on growth and job creation.
On behalf of the PEO industry, we urge you to contact your State Senators and ask them to support S.1908.