Tax Issues

Download This Issue in .pdf Format HIRE ActThe federal Hiring Incentives to Restore Employment (HIRE) Act gives employers a tax benefit for hiring previously unemployed workers. This Act effectively exempts the employer from paying the 6.2% FICA tax normally paid by the employer for wages paid after March 18, 2010 through December 31, 2010 for every qualified employee hired after February 3, 2010 and before January 1, 2011. The newly hired employee must certify (sample form attached) that he/she was either unemployed in the 60 days prior to hire or was working less than 40 hours a week for someone else during that period. The new hire must fill a new position or replace an employee who quit voluntarily or for cause. The tax benefit is eligible to the employer for re-hires if the employee otherwise meets the qualification requirements (has been out of work or working part-time elsewhere for ... Read More

Download This Issue in .pdf Format In the recently issued Employer’s Legal Advisory (Spring 2010) it incorrectly states: “The newly hired employee must certify (sample form attached) that he/she was either unemployed in the 60 days prior to hire or was working less than 40 hours a week for someone else during that period”. This sentence should state: “The newly hired employee must certify (sample form attached) that he/she was either unemployed in the 60 days prior to hire or worked fewer than a total of 40 hours for someone else during that period.” Please do not hesitate to contact Employer’s Legal Advisor if you have any questions regarding these issues. ... Read More