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Small & Emerging Contractors


What's New: Government Affairs

Congress Enacts New Bond Requirement for Professional Employer Organizations

Monday, January 5, 2015  
Prior to adjourning for 2014, Congress enacted a one-year extender on a series of 50 expired tax credits and reductions. Near the end of the bill in the offset provisions, H.R. 5771 now requires professional employer organizations to be certified and post a bond to secure their employment tax liabilities. The bond would have to be in an amount that is the greater of $50,000 or 5% of the tax liability owed in the preceding calendar year, not to exceed $1 million.

View PDF version or view more information at Government Relations - General Information (Public)

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