Deidra Thomas, CPA, Tax Supervisor
What does the 2010 Hiring Incentives to Restore Employment (HIRE) Act mean for you? The Act provides tax incentives for hiring unemployed individuals and extends certain business deductions. So, for business owners, that is good news.
The 1 highlight of the hiring incentitives is payroll tax forgiveness for employers. For every qualified worker hired between February 3, 2010 and January 1, 2011, the employer is exempted from paying the 6.2% Social Security tax for that particular employee. Click Full Article for more details.