Monthly Archives: May 2010

Understanding the Hiring Incentives to Restore Employment Act

On March 18, 2010, the President signed into law H.R. 2847, the Hiring Incentives to Restore Employment (HIRE)¬†Act. The bill includes a provision that encourages companies to hire unemployed workers by exempting certain wages from Social Security taxes. HIRE Act Payroll Provisions The centerpiece of the HIRE Act is a payroll tax holiday and a tax credit of up to …Read more »

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