Hampton Area Chamber of Commerce: 3/28/10

Thursday, April 1, 2010

Easter Weekend

Sheffield Community Club will have an Omelet Breakfast on Saturday, April 3rd at the Sheffield Inn. Made to order omelets served with toast, coffee, orange juice or milk will be served for a freewill donation from 6:30 AM to 9:30 AM. The proceeds from omelet breakfast will assist the Girl Scouts with their trip to Savannah and the Boy Scouts with camp expenses. This news was brought to you by D and L Sanitation.

The Hampton Jaycees will be holding their annual Easter Egg Hunt on Saturday, April 3, 2010. Due to potential wet weather, we are partnering with the Windsor Theatre this year. The hunt will begin at 12:30 at the Windsor. The Windsor will then be showing a special matinee at 1:00 for just $1.00 for anyone wishing to attend.

Geneva United Methodist Church will be serving a Sunrise Breakfast at 7:30 a.m. Sunday April 4 - right after Sunrise Service at 7 a.m. Join us for a great breakfast!

Hampton Today made possible by sponsors like:
Seven Stars Restaurant – 641-456-5378
Winfield Solutions - 641-456-4566
Small Business Social Media Summit www.smallbizsocialmediasummit.com
TownsEnd Winery - 641-456-2836
Your ad can go here too!

Tuesday, March 30, 2010

Chamber Meeting April 1

April 1 2 to 4 pm Hampton Area Chamber of Commerce is hosting their First Annual Spring Meeting. All chamber members and their guests are invited to the Windsor Theatre from 2 pm to 4 pm. The program will include a State of the Chamber address, New Business, Events and Discussion.

Special Guest Speaker will be Senator Chuck Grassley. Senator Grassley will speak about small business concerns and will take questions.

Popcorn and sodas will be served

Two New Benefits Aid Employers

Image by alykat via Flickr

Steve Pearson, CPA, provided Chamber members with this news from the IRS.

Two new tax benefits are now available to employers hiring workers who were previously unemployed or only working part time. These provisions are part of the Hiring Incentives to Restore Employment (HIRE) Act enacted into law today.
Employers who hire unemployed workers this year (after Feb. 3, 2010 and before Jan. 1, 2011) may qualify for a 6.2-percent payroll tax incentive, in effect exempting them from their share of Social Security taxes on wages paid to these workers after March 18, 2010. This reduced tax withholding will have no effect on the employee’s future Social Security benefits, and employers would still need to withhold the employee’s 6.2-percent share of Social Security taxes, as well as income taxes. The employer and employee’s shares of Medicare taxes would also still apply to these wages.
In addition, for each worker retained for at least a year, businesses may claim an additional general business tax credit, up to $1,000 per worker, when they file their 2011 income tax returns.
“These tax breaks offer a much-needed boost to employers willing to expand their payrolls, and businesses and nonprofits should keep these benefits in mind as they plan for the year ahead,” said IRS Commissioner Doug Shulman.
The two tax benefits are especially helpful to employers who are adding positions to their payrolls. New hires filling existing positions also qualify but only if the workers they are replacing left voluntarily or for cause. Family members and other relatives do not qualify.
In addition, the new law requires that the employer get a statement from each eligible new hire certifying that he or she was unemployed during the 60 days before beginning work or, alternatively, worked fewer than a total of 40 hours for someone else during the 60-day period. The IRS is currently developing a form employees can use to make the required statement.
Businesses, agricultural employers, tax-exempt organizations and public colleges and universities all qualify to claim the payroll tax benefit for eligible newly-hired employees. Household employers cannot claim this new tax benefit.
Employers claim the payroll tax benefit on the federal employment tax return they file, usually quarterly, with the IRS. Eligible employers will be able to claim the new tax incentive on their revised employment tax form for the second quarter of 2010. Revised forms and further details on these two new tax provisions will be posted on IRS.gov during the next few weeks.

Hampton Today made possible by sponsors like:
Seven Stars Restaurant – 641-456-5378
Winfield Solutions - 641-456-4566
Small Business Social Media Summit www.smallbizsocialmediasummit.com
TownsEnd Winery - 641-456-2836
Your ad can go here too!