According to the IRS, certain automatic cuts will be enacted beginning March 1, as a result of the sequestration cuts. These required cuts include a reduction to the refundable portion of the Small Business Health Care Tax Credit for certain small tax-exempt employers. As a result, the refundable portion of an organization's claim will be reduced by 8.7 percent. The sequestration reduction rate will be applied until the end of the fiscal year on Sept. 30, or intervening congressional action, at which time the sequestration rate is subject to change.
Association for Financial Professionals, Bethesda, Md., announced the details for their 2013 Annual Conference, Oct. 27-30 at the Mandalay Bay Convention Center in Las Vegas. General Colin Powell will be featured as the general session speaker on the first night of the event. Early registration ends May 17.