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| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
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December 12, 2011 Repeal of Controversial Contractor Withholding Tax Now a Done DealLife just got a little easier for start-ups and small businesses that depend upon contract work from Uncle Sam, now that elected officials in Washington, DC, have gone ahead and repealed the 3 percent withholding tax on government contractors who owe back taxes. The repeal of the 3 percent withholding tax passed with unanimous votes in both the House (in late October) and the Senate in November, with President Barack Obama signing the bill into law in mid-November. Subscribers have free access to the archives. Click here. |
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