Welcome to TaxBlawg, a blog resource from Chamberlain Hrdlicka for news and analysis of current legal issues facing tax practitioners. Although blawg.com identifies nearly 1,400 active “blawgs,” including 20+ blawgs related to taxation and estate planning, the needs of tax professionals have received surprisingly little attention.
Tax practitioners have previously lacked a dedicated resource to call their own. For those intrepid souls, we offer TaxBlawg, a forum of tax talk for tax pros.
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Will Employers Get a Payroll Holiday?
Senator Rob Portman, a Republican from Ohio, introduced Senate Bill 12 which would offer a temporary employer payroll tax cut. The Portman bill proposes a one-year, 2 percentage-point reduction in the payroll taxes paid by employers. Portman contends that such a payroll holiday would be a job-creation device.
Businesses should closely monitor this legislation because of the potential cost savings associated with it and compliance issues.