Posts Tagged ‘plan’
Abbott outlines billion cuts in Coalition budget plan
Mr Abbott said he plans to dump the carbon tax but keep the compensation measures linked to it. To pay for that he outlined $ 5 billion worth of cuts. They include a delay … SABRA LANE: But unemployment is low, we have low interest rates, low …
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Budget 2013: Wafer-thin surplus 'sensible' – Key
Key pointed to improving deficit and unemployment figures and low interest rates and inflation while English said the Government's books are in "good shape". "This is a remarkable turnaround," English said. … That includes over $ 900 million in new …
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How will Obama’s economic stimulus plan affect unemployment benefits for unemployed people in North Carolina?
Question by Anna: How will Obama’s economic stimulus plan affect unemployment benefits for unemployed people in North Carolina?
For how many weeks will unemployment benefits be extended? Initially, I had read that unemployment benefits would be extended another 33 weeks, but now I’m hearing they will be extended through the end of the year for those whose benefits are exhausted after March. Which is it? If my unemployment benefits are set to expire at the end of February, how many more weeks of benefits will I get, assuming I am eligible?
Answer by Improper Bostonian
Ask the agency where you live, I’m sure they know.
Know better? Leave your own answer in the comments!
West Palm Beach, Fla (PRWEB) April 18, 2013
Former Florida Gov. Jeb Bush, co-author of a controversial new book on immigration, tells Newsmax that Americas incredibly complex immigration laws should be reformed from stem to stern with strict attention toward attracting and retaining more skilled workers from other nations. In the exclusive interview with Newsmax, Gov. Bush shares his revealing thoughts on dealing with the nation’s unsustainable public debt and entitlement programs.
The leading Republican sat down with Newsmax to elaborate on a number of topics he discusses in his cover story for the April edition of Newsmax magazine, arguing that America can be great again if we open up the doors to economic opportunity. Bush believes that economic growth is the answer for the nations economic woes.
Bush offers an optimistic view of Americas future and straight talk about its problems. Regarding the hot- button issue of immigration, he tells Newsmax that high- achieving people with great aspirations should be able to come if they can make an immediate contribution to our economy.
In his Newsmax magazine article, Bush never once mentions Democrats or President Barack Obama. He tells Newsmax TV that other Republicans could be too focused on talking about what the opposition is doing instead of what they have to offer. “Today’s conservatives have spent the past several months nursing their wounds from the elections and focusing on deficits, sequestration, and tax policy,” he says, and suggests that Republicans could be spending too much time on the nations debt and deficit instead of narrowing in on growth.
The former Florida governor ends his Newsmax interview on an optimistic note, saying, I just have total confidence that a dynamic world will yield benefits that we cant even imagine. If you believe like I do that the world is abundant with possibilities, then we need to make sure we build capacity so that everybody is successful or can be successful in the pursuit of their dreams not the dreams of someone from government, but their own dreams.
To obtain your copy of Jeb Bushs Special Report Growth Is the Answer with our FREE Offer visit http://www.Newsmax.com/Bush13.
To watch Bushs in-depth interview with Newsmax, click here.
Self-Employed Individuals Failing to Take Advantage of Solo 401(k) Plan Tax Credit, According to IRA Financial Group Tax Attorney
Miami, FL (PRWEB) March 06, 2013
IRA Financial Group, the leading provider of Solo 401(k) Plans has seen an increasing number of self-employed individuals and small business owners using the retirement savings credit as an incentive to establish a solo 401K Plan in 2013. Under the retirement savings contribution credit, retirement plan participants (including self-employed individuals) who make contributions to their plan may qualify for the retirement savings contribution credit. The maximum contribution eligible for the credit is $ 2,000. To take the credit, the individual must use IRS Form 8880, Credit for Qualified Retirement Savings Contributions. Under the retirement savings contributions credit, an individual may be able to take a tax credit of up to $ 1,000 ($ 2,000 if filing jointly) for making eligible contributions to a Solo 401(k) Plan, stated Adam Bergman, a tax attorney with the IRA Financial Group.
To be eligible for the Credit for Qualified Retirement Savings Contributions
The individual claiming the credit must be: (i) age 18 or older; (ii) not a full-time student;, (iii) not claimed as a dependent on another persons return; and (iv) with an adjusted gross income not more than: $ 57,500 if your filing status is married filing jointly (for 2012; $ 59,000 for 2013), $ 43,125 if your filing status is head of household (for 2012; $ 44,250 for 2013), or $ 28,750 if your filing status is single, married filing separately, or qualifying widow(er) (for 2012; $ 29,500 for 2013).
The amount of the credit one can get is based on the contributions made to the solo 401(k) plan and the individuals credit rate. The credit rate can be as low as 10% or as high as 50%, stated Adam Bergman, a tax attorney with the IRA Financial Group. The Qualified Retirement Savings Contributions credit is applicable to contributions made to the Solo 401(k) Plan and does not include rollover contributions, stated Mr. Bergman.
The following example illustrates how the Qualified Retirement Savings Contributions credit works. Tom is self-employed and has a small consulting business. Tom is married and earned $ 30,000 in 2012. Toms wife is unemployed in 2012 and did not have any earnings. Tom contributed $ 1,000 to his Solo 401(k) Plan in 2012. After deducting his Solo 401(k) Plan contribution, the adjusted gross income shown on his joint return would be $ 29,000. Tom would be able to claim a 50% credit, $ 500, for his $ 1,000 Solo 401(k) Plan contribution. Many eligible self-employed individuals who qualify for the credit aren’t benefiting because they are not aware of the available credit, stated Mr. Bergman.
IRA Financial Groups self-employed 401(k) Plan was designed to offer investors a diverse and wide array of investment opportunities for their retirement funds. Clients can purchase stocks, mutual funds, precious metals, real estate, and much more. In addition, the Solo 401K Plan account can be opened at any local bank and financial institution, including Fidelity, Scottrade, TD Ameitrade and more . In addition, IRA Financial Groups Solo 401(k) Plan will allow a self-employed individual or small business owner the ability to defer up to $ 51,000 ($ 56,500 for someone over the age of 50), as well as gain the ability to borrow up to $ 50,000 tax and penalty free and use the loan proceeds for any purpose.
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP, Dewey & LeBoeuf LLP, and Thelen LLP.
IRA Financial Group is the market’s leading checkbook control Individual 401(k) Plan Facilitator. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.
To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646.
Ind. reverses plan to halt some jobless benefits
He said he had been assured that "unemployment benefits will not be impacted by sequestration through the week ending March 9… the Indiana Department of Workforce Development will proceed with full payment of extended unemployment compensation …
Read more on USA TODAY
Oregon's long-term unemployed will see jobless benefits drop
Weekly jobless benefits for thousands of out-of-work Oregonians will drop 10.7 percent starting March 31, according to the Oregon Employment Department. Officials there said the decline was caused by Congressional spending cuts that took effect last week.
Read more on OregonLive.com
Jobless benefits remain for now
INDIANAPOLIS — Hoosiers receiving federal-extended unemployment benefits will not see a reduction in those benefits until March 30. The Indiana Department of Workforce Development received oral instructions Friday about the impact of sequestration on …
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Indiana reverses plan to halt federal unemployment benefits
"The U.S. Department of Labor confirmed that unemployment benefits will not be impacted by sequestration through the week ending March 9, and additional guidance will be forthcoming," wrote Scott Sanders, commissioner of the Indiana Department of …
Read more on CNN – Canada
87000 Texans facing cut in jobless benefits
However, because of the high rate of unemployment, the federal government provides eligible unemployed workers with additional benefits depending on a state's jobless rate. In Texas, job seekers are eligible to receive an additional 37 weeks of …
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2013 Tax Tip: Do I Have To Declare My Unemployment Benefits?
You can choose to have federal income tax withheld from your unemployment benefits. You make this choice using Form W-4V, Voluntary Withholding Request. If you complete the form and give it to the paying office, they will withhold tax at 10 percent of …
Read more on Patch.com
Austin, TX (PRWEB) November 07, 2011
Fringe Benefit Group, an industry leader in the design, implementation and administration of health and retirement plans for contractors, today announced it has added a small group major medical product to the portfolio of options available to The Contractors Plan customers. The Contractors Plan is Fringe Benefit Groups prevailing wage benefit program, which helps merit shop contractors reduce labor costs, win more bids and stay compliant while providing valuable retirement and medical benefits.
Since 1979, Fringe Benefit Group has been helping contractors satisfy wage law requirements with fringe benefit programs designed exclusively for hourly workers. The Contractors Plan makes enrollment and benefits administration easy for business owners. The employer simply chooses the benefits they want to provide to employees from The Contractors Plans portfolio of medical, retirement and specialty benefit products (including vision, dental and group life insurance) and Fringe Benefit Group takes care of all the details.
With this new small group product, we are now able to help even more contractors. The majority of contractors in the U.S. employ less than 50 people and we can provide them with medical, retirement and specialty benefits to satisfy their fringe obligations, said Adam Bonsky, executive vice president of government markets at Fringe Benefit Group. Putting the fringe toward benefits really has an impact on a companys bottom line because bringing the payroll burden down helps make their bids more competitive. Perhaps most importantly, this solution is flexible and its administration is simple.
Contractors who use the entire fringe portion of the prevailing wage to offer benefits can save a significant amount of money because when the fringe portion of the prevailing wage is used to provide benefits for hourly workers, this amount is not subject to payroll costs such as FICA, FUTA, state unemployment taxes and workers compensation insurance. Although there are variances in the rates for the last two, conservatively these taxes represent an additional 25 cents on each dollar paid as cash wages.
The Contractors Plans new small group major medical product, the Imprint plans, are available for groups of 10-50 lives. They utilize the GWN/Cigna network and can be paired with The Contractors Plans retirement and specialty benefit (group term life, vision, disability and dental) packages. The new offerings include traditional style major medical plans, value plans, and high deductible plans, which can be paired with HSAs or HRAs. The Imprint small group offering from The Contractors Plan is available in 20 states including AL, AZ, AR, GA, IL, IN, KS, MI, MO, MS, NC, NM, NV, OH, PA, SC, TN, TX,UT and VA. For ease of administration, The Contractors Plan allows both employers and employees to conveniently access and manage their benefits entirely online using the MyContractorsPlan.com portal.
One of the many unique features of The Contractors Plan is our ability to take multiple products, such as our small group major medical program and retirement plan(s), and administer them on an hourly basis. We call this hour banking and it also enables employees to bank hours during peak work periods, then use their excess hours to maintain coverage during slow periods, said Paul Gaudet, director of group benefits, government markets, at Fringe Benefit Group.
About Fringe Benefit Group
Austin, Texas-based Fringe Benefit Group and its affiliate companies have helped employers design and administer fringe benefit programs for three decades. Through its nationwide network of independent brokers and agents, the Fringe Benefit Group has established itself as the leader in government contractor health and welfare and retirement plans. Drawing on its expertise in the prevailing wage segment, the company has also emerged as a leader in group benefit plans designed specifically for hourly and part-time workers (limited benefit programs). For more information, visit fringebenefitgroup.com.
The Debt-Free Spending Plan: An Amazingly Simple Way to Take Control of Your Finances Once and for All
The Debt-Free Spending Plan: An Amazingly Simple Way to Take Control of Your Finances Once and for All
Anyone suffering under the crushing weight of debt knows how impossible it can seem to find a way out. It’s overwhelming – and the more complicated the proposed solution, the harder it is to stick with it. That’s why “The Debt-Free Spending Plan” is simple. It doesn’t require sifting through chapters of high-minded financial advice or digging up your past spending history. It assumes you need help right now, and gives it to you. You will learn to: downsize expenses without feeling deprived; allocate money as it comes in and put together an easy-to-manage bill-paying plan; adjust for inevitable overspending; and, pay off debt without gouging expenses and (believe it or not) start saving. The plan is clear, easy, and takes just five minutes a day-and it doesn’t matter if you make ,000 or million. With straightforward daily spending strategies and effortless expense tracking tools, you will soon find yourself on the road to financial freedom-all before the next billing cycle.
List Price: $ 16.00
Price: $ 9.55
New plan cuts jobless benefits, ups employer tax
Adjustments to the way North Carolina administers unemployment compensation were necessitated by a $ 2.5 billion debt that the state owes the federal government for funds borrowed to extend benefits stemming from the lingering effects of the 2007 …
Read more on The Outer Banks Voice
Unemployment overhaul passes Senate
“The North Carolina legislature is considering legislation that would reduce state Unemployment Insurance benefits,” said Harris in the statement. “If enacted, the legislation also would cut off all federally funded Emergency Unemployment Compensation …
Read more on Macon County News
Fringe Benefit Group Expands The Contractors Plan with Robust Specialty Benefits Offering Including MetLifes Dental & Group Life Products
Austin, TX (PRWEB) February 06, 2012
Fringe Benefit Group, an industry leader in the design, implementation and administration of health and retirement plans for government contractors, today announced the availability of MetLifes group dental and group term life benefits for The Contractors Plan customers. This addition complements Fringe Benefit Groups specialty benefits offering, which also includes vision and disability benefits.
The Contractors Plan provides retirement, medical and specialty benefits to over 100,000 participants. Contractors working on government jobs are able to reduce costs, win more bids and stay compliant with Davis-Bacon (DBA), Service Contract Act (SCA) and other prevailing wage laws by allocating a projects fringe amount to a bona fide benefit trust because it provides a significant reduction in payroll taxes such as Social Security, Medicare (FICA), State and Federal Unemployment Taxes (SUTA and FUTA). In most states, this reduction in the after-tax payroll will also reduce Workers’ Compensation insurance premiums.
Employees want specialty benefits in addition to health and retirement options and The Contractors Plan enables employers to easily offer a wide spectrum of products to their employees. Its a win-win situation because employees are obtaining additional benefits and the employer is able to reduce their payroll costs by putting the entire fringe towards benefits, said Brian Robertson, executive vice president of Fringe Benefit Group. Our product portfolio is robust, especially with the addition of MetLifes best-in-class dental and life benefits, and we are providing employers with one source for managing all of their employees benefits, which gives them more time to focus on running their business.
MetLife is one of the leading providers of group dental and group term life employee benefit programs in the U.S. today. It offers employers and their employees one of the broadest and best credentialed dental networks in the U.S. and the ability to visit any dental provider.
According to the industry research group LIMRA, 30 percent of U.S. households do not have life insurance and today there are 11 million fewer American households covered by life insurance as compared to just six years ago. This indicates a majority of U.S. families either have no life insurance or not enough, leaving their families one accident or terminal illness away from a financial catastrophe. The Contractors Plan group term life insurance is offered to employees on a guaranteed issue basis with no medical underwriting and can be paid using bona fide fringe dollars.
Recognizing that specialty benefits are valued by employees but can be perceived as an administrative challenge by business owners and HR professionals, Fringe Benefit Group provides an easy and seamless way for employers to provide more value to their employees while maximizing payroll savings. MyContractorsPlan.com improves benefits enrollment and administration by providing employers and employees with online access to their health, specialty benefits and retirement accounts via a customized online benefits enrollment and management platform. Employers simply choose the benefits they want to provide to their employees from the platform of benefit options and Fringe Benefit Group takes care of all the details, including combining the cost of all coverages into one hourly rate, paying the carriers, and administering the programs.
About Fringe Benefit Group
Austin, Texas-based Fringe Benefit Group and its affiliate companies have helped employers design and administer fringe benefit programs since 1979. Through its nationwide network of independent brokers and agents, Fringe Benefit Group has established itself as the leader in government contractor health and welfare and retirement plans. Drawing on its expertise in the prevailing wage segment, the company has also emerged as a leader in group benefit plans designed specifically for hourly and part-time workers (limited benefit programs). For more information, visit thecontractorsplan.com.