The Hiring Incentives to Restore Employment (HIRE) Act provides qualified employers with a new tax credit for retaining certain qualified employees. This provision is intended to encourage businesses and tax-exempt entities to hire and retain employees, and is generally applicable for 2010. DEFINITIONS Qualified Employers are any employer other than the United States, any state, [...]
The Hiring Incentives to Restore Employment (HIRE) Act provides a Payroll Tax Holiday for hiring and retaining previously unemployed workers. This provision applies to wages paid beginning after March 18, 2010, and ending on December 31, 2010. Qualified employers are forgiven their 6.2 percent share of the “old age, survivors, and disability insurance (OASDI)” component [...]
Your business may be eligible for the new Small Business Health Care Tax Credit. The credit, which was part of The Patient Protection and Affordable Care Act, is retroactive to tax years beginning in 2010 and is, therefore, available for the full calendar year of 2010 (for calendar year taxpayers). Designed to encourage eligible small [...]
