This website uses cookies to store information on your computer. Some of these cookies are used for visitor analysis, others are essential to making our site function properly and improve the user experience. By using this site, you consent to the placement of these cookies. Click Accept to consent and dismiss this message or Deny to leave this website. Read our Privacy Statement for more.
What's New: Advocacy

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)

1140 19th Street, NW, Suite 500 • Washington, DC 20036-6617
Phone: 202-463-0600 • Fax: 202-463-0606