A bipartisan pair of lawmakers have introduced a bill that aims to ensure better tax compliance on the part of professional employer organizations and protect small businesses.
Congressmen Kevin Brady, R-Texas, and Mike Thompson, D-Calif., introduced H.R. 2466, the Small Business Efficiency Act of 2011, on Friday. The bill would provide clear rules for professional employer organizations that are voluntarily certified by the Internal Revenue Service to collect and pay federal employment taxes for their small business clients. The legislation will provide certainty for small businesses that use certified PEO services and allow employers to focus on their core business, not government paperwork.
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