The IRS to Penalize Small Businesses who Reimburse Employee Healthcare Costs: The IRS initiated a new rule effective July 1, 2015 that could crush many small businesses. The 'excise tax' affects employers who do not offer a group health plan (which is not required for companies with less than 50 employees), but give their workers additional pay to compensate for the purchase of health insurance or direct medical expenses.
Bernalillo has a tax increase that went into effect on July 1. Other counties may have had their GRT change as well.
Tax Increase Costs Lab $2 Million: The Bernalillo County tax hike set to begin on July 1 will add about 19 cents onto every $100 purchase of most goods and services. This increase will cost Sandia National Laboratories about $2 million a year, and an estimated $64 per household. Read more on the tax HERE.
Tax Increase Costs Lab $2 Million: The Bernalillo County tax hike set to begin on July 1 will add about 19 cents onto every $100 purchase of most goods and services. This increase will cost Sandia National Laboratories about $2 million a year, and an estimated $64 per household.
Is it Possible Government Could Operate Like a Business? It is possible for government to be prudent with tax dollars, using common sense when paying for goods and services - just like private sector businesses manage their operations. It just doesn’t happen often enough.
Ready for Some Fun? You are invited to an exclusive Post-Legislative BASH (Business and Social Hour) on April 9. The BASH will feature keynote speaker Senate President Pro Tempore Mary Kay Papen. Senator Papen will provide an overview of the recently ended legislative session from her view as New Mexico’s top senator.
Will the New Mexico Business Coalition (NMBC) Stop Talking About Important Issues and Providing Facts? According to the NMBC President, Carla Sonntag, the answer is, “Not a chance.”
We received an enormous amount of positive feedback from our recent Albuquerque Journal Op Ed on a Public Regulation Hearing for the Renewable Energy Rule. You can read the Op-Ed HERE. We also heard from one person who wants the NMBC to stay out of the issue.