- Tax Breaks for Hiring Unemployed Individuals
With all the regulations that have been pending and/or have occurred in the last few months, tax breaks for hiring the unemployed is one change worth reiterating. This new tax break went into effect several months ago and is called the Hiring Incentives to Restore Employment (HIRE) Act. Credit unions may qualify for a tax break when they hire someone who has not worked for more than 40 hours in the past 60 days.
- Credit Unions Mentioned in Advisory Panel Report on Tax Options
The Presidential Economic Recovery Advisory Board (PERAB) has released a comprehensive report on possible tax revisions, each intended to simplify the tax system, improve taxpayer compliance with existing tax laws, and reform the corporate tax system.
- Gradual Improvement in Credit Union Results
The Credit Union National Association's (CUNA's) economists, analyzing mid-year credit union call report data recently released by the National Credit Union Administration (NCUA), conclude that following the initial positive signs for credit union operations of the first quarter, most indicators continued to move in the right direction in the second quarter.
