LOGIN
REGISTER
NEWSLETTER
RSS
SOFTWARE INDUSTRY NEWS |
Intuit to tweak payroll to let small businesses benefit from HIRE Act |
|
|
President Obama finally signed the new job bill, better known as the “Hire” act, which is seen as a legislation that will put millions of American's in jobs. The law offers $18 million in tax breaks to companies that hire new workers, and invests $20 billion into the US highway and transit programs. Intuit Inc. has said that it plans to update its payroll service to make it easy for small businesses to take advantage of the newly passed HIRE Act. Its updates, the company said, will allow its million small business customers to “get every penny of the new tax credits for which they are eligible.” Additionally, Intuit will help new employers efficiently hire and pay their first employee.  Intuit’s new Small Business Employment Index, which was released during the month, showed that small businesses employing less than 20 employees are starting to improve, showing an 0.8 percent improvement since June 2009 that translates into 150,000 new jobs. The HIRE Act is expected to continue helping these smallest of small businesses start to get the help they need. The act offers qualified employers a temporary payroll tax break for hiring qualified previously unemployed workers. It also includes an increased business tax credit for retaining qualified workers at least 52 weeks. Intuit says the benefits of the act can be substantial, up to $6,621 in payroll tax credits and up to $1,000 in business tax credits per eligible employee. Payroll tax credits are delivered to eligible employers through reduced social security taxes, which will lower payroll taxes for the employer. Intuit said it would update its payroll service after the legislation is enacted and the IRS releases guidelines. However, media reports said that small businesses are skeptical about hiring during a time of “increasing government-imposed economic uncertainty.” They said government's interventions in the markets sends out the wrong message to small businesses and entrepreneurs, who already have concerns about impending new taxes, regulations, fees on capital, and the increasing cost of labor. |
LISTS AND RESEARCH
-
Global Software Top 100 - Edition 2011
- The Global Software Top 100 is a list of the world's largest software companies, ranked by annual software revenues. The list is based upon revenue information of 10,000+ IT companies worldwide.
-
Software industry trends (2011)
- This research article (accompanying the Global Software Top 100) describes changes in the software industry playing field. It analyses trends and key players and forecasts future developments.
- Top hardware companies
- A list of the world's largest hardware companies.
- What happens in the hardware industry?
- Trends and analysis of the hardware industry and its key players.
- Top IT services companies
- A list of the world's largest IT services companies, ranked by annual services revenues. This link will take you to www.servicestop100.org.
- IT services companies: healthy growth
- What is happening in the IT services industry? Read this research publication to find out about trends and key players in the IT services industry.
- Top gaming companies (2010)
- Entertainment is good business, and gaming software companies are growing faster than the rest of the software industry. This research article discusses trends and key players in the gaming business.
- Top ERP companies
- A research publication about the world's leading players in enterprise software.
- Top security software companies
- A research publication discussing the world's leading publishers of security software: antivirus-, spamfiltering-, intrusion detection- and firewall software.
- The fastest growing software companies
- This research publication reveals the fastest growing software companies in the world.
-
CRM companies: a short list
- A short list of the leading software companies selling Customer Relationship Management software; aimed at IT managers looking to purchase CRM software.
- Top software companies in the US (2010)
- A list of the largest software companies in the United States, ranked by annual software revenues. 2010 Edition, posted 15 December 2010.
- U.S. software industry trends (2010)
- A research publication discussing the trends and the key players in the software industry in the United States. Posted 15 December 2010.
- Top companies in the world (not just software)
- A general list of the largest companies in the world, ranked by revenues. Not just software companies; in fact, there are no software companies in it...
- Top IT companies
- A list of the largest IT companies in the world, ranked by annual revenues. Includes hardware, software and services.
