A Bohemia, N.Y. – based small business will give its employees $400 bonuses due to the Tax Cuts and Jobs Act.
As reported by Newsday:
Dayton T. Brown Inc., an engineering and testing company, is giving each of its roughly 210 employees a $400 bonus, Steve Marini, chief financial officer, said Friday.
And:
“We’re going to save a significant amount of money on this new tax law and . . . certainly, we’re nothing without our employees,” Marini said.
The inspiration for the bonus was AT&T’s announcement Wednesday that it was giving its employees $1,000 bonuses, Marini said.
See also: CEO: Tax Bill Allows Us to Hire More People, Buy More Equipment