The economic-stimulus package requires that workers on projects funded by the package receive “prevailing wages.” Prevailing wages are similar to union wages and are typically higher than average wages in a county. The provision concerns some contractors who say it will drive up the cost of stimulus projects. However, labor groups support the prevailing wage provision and say higher wages will help the economy. Prevailing wage provisions require the submission of certified payroll [Read the full article...]
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On February 17th, 2009, President Obama signed a $787 billion economic stimulus plan known as the American Recovery and Reinvestment Act of 2009. This plan is designed to spur economic growth in the U.S. – with short term and long term impacts. This economic stimulus plan means that changes are coming for your small business – changes that can impact your payroll and your taxes. If you are a customer of an Intuit payroll service, they can [Read the full article...] |
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