Senator Grassley and Senator Bill Nelson Introduce Small Business Efficiency Act (S. 1908)

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On November 18, 2011, Senator Grassley (R-IA) and Senator Bill Nelson (D-FL) introduced the Small Business Efficiency Act into the Senate (S. 1908).  This bill is the Senate version of the House Bill, H.R. 2466.  Senator Pryor (D-AR), Senator Portman (R-OH), Senator Bingaman (D-NM) and Senator Conrad (D-ND) have also joined as co-sponsors.

The House version was introduced by Representative Kevin Brady and Representative Mike Thompson and is co-sponsored by Representatives Rob Andrews, Tim Bishop, Dennis Cardoza, Sean Duffy, Blake Farenthold, Nan Hayworth, Wally Herger, Ralph Hall, Sam Johnson, Pete Olson, William Owens, Erik Paulsen, Ted Poe, Tom Reed, Paul Tonko,and Allen West.

The Small Business Efficiency Act of 2011, H.R. 2466/S.1908, would provide clear rules for Professional Employer Organizations (PEOs) that are voluntarily certified by the IRS to collect and remit federal employment taxes for their small business clients. It will provide certainty for small businesses that use certified PEO services and will allow those small businesses to do what they do best- focus on their core business, grow their businesses, and create more jobs.

Learn more about how Professional Employer Organizations support small business.

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About Greg Slamowitz

Greg Slamowitz (www.gregslamowitz.com) is an entrepreneur, investor, author and speaker. He was a co-founder and former Co-CEO of Ambrose Employer Group, LLC, a professional employer organization (PEO), which was ranked among Crain’s New York’s list of the 50 fastest growing companies and was also recognized by the New York State Society for Human Resource Management as one of the “Best Companies to Work For in New York.” Greg co-founded Ambrose in 1997 with $95,000, never accepted outside funding, and sold Ambrose to Trinet (TNET) in July 2013 in a $200 million cash transaction. Greg has also invested in, and is on the board of, a number of early stage companies. Greg enjoys learning and teaching and has spent considerable time over the last several years meeting with entrepreneurs and business leaders and regularly presents his seminar, “Flip the Pyramid”, around the United States. Read about Greg’s presentation to the Morris (NJ) Tech Meetup. http://bit.ly/1rxbxB8 Greg’s book titled “Flip the Pyramid: How Any Organization Can Create a Workforce That Is Engaged, Empowered, Aligned and On Fire!” is available on Amazon, Barnes & Noble and iTunes/iBooks. http://amzn.to/ZrNw8a Greg has also spent considerable time in Washington DC with members and staffers of the U.S. Senate and House of Representatives educated them about the challenges to and solutions for America’s businesses. He was a board member and president of the his industry’s trade association and founded and led its political action committee (PAC). Greg was instrumental in the passage of the Small Business Efficiency Act. http://bit.ly/1vprSd1 Greg is passionate about helping America’s businesses focus on growth, profit, hiring and creating an awesome and healthy experience for each and every working American. Greg was the recipient of the 2001 Ernst & Young New York Entrepreneur of the Year® award in the employment services category. Greg also serves on the Dean’s Advisory Board for Emory University’s School of Law. Prior to co-founding Ambrose in 1997, Greg practiced tax law with Brown & Wood (now Sidley Austin Brown & Wood) in New York City. He holds two law degrees – a Master of Laws in Taxation from New York University School of Law, and a Juris Doctorate, with distinction, from Emory University School of Law in Atlanta. He received his undergraduate degree, cum laude, from New York University. Please visit Greg’s website www.gregslamowitz.com, his LinkedIn Profile and Twitter @gregslamowitz His passions include developing highly functional organizations, engaged cultures, growth companies, health care and wellness, skiing and sailing (www.teammanitou.com)