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For many years, the “book value” of a company has consisted almost entirely of tangible assets. More recently, a paradigm shift has occurred, causing “book value” and “market value” to diverge in course. They are no longer one and the same. “This disassociation of market and book value meant that companies were now able to generate excess earnings, that is, earnings higher than what would be expected for their tangible assets alone. Indeed, research has shown that the earnings on tangible assets are generally no greater than the product of a company’s weighted average cost of capital and the book value of these assets.
On March 18th President Obama signed the Jobs Bill into law. The Hiring Incentives to Restore Employment (HIRE) Act is hoped to boost hiring by offering an employer exemption from Social Security payroll tax on wages paid to qualified employees that work from March 19, 2010 through December 31, 2010.
The maximum value of this credit is 6.2% of wages up to $106,800. An additional business tax credit up to $1,000.00 can be earned if the qualified employee is retained for 52 consecutive weeks. This credit will be taken on the employer’s 2011 income tax return.