Friday, March 19, 2010

President Obama signed into law the Hiring Incentives to Restore Employment Act (HIRE), an economic stimulus plan that contains $15 billion dollars in new incentives for businesses which hire unemployed workers in 2010.

Two provisions that may affect you and your business: Eliminating the current 6.2% employer Social Security tax for eligible new hires. A $1,000 business tax credit for keeping eligible employees for at least 52 consecutive weeks.

Contact us to review your accounting needs and to find out how your business can benefit from the newly enacted law.

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