Tuesday, May 25, 2010

Reason to Hire YOU

Two new tax benefits are now available as part of the Hiring Incentives to Restore Employment (HIRE) Act enacted into law March 18, 2010.  Employers who hire unemployed workers this year may qualify for a 6.2% payroll tax incentive, in effect exempting them from their share of SS taxes on wages paid to these workers after March 18.  In addition, for each worker retained for at least a year, businesses may claim an additional general business tax credit up to $1000/worker.