HIRE employees before January

Posted on Nov 5, 2010

If you’re planning to add employees in your business, consider doing so before January 1, 2011. Under the “HIRE Act” passed earlier this year, you could qualify for an exemption from social security payroll taxes on wages paid a new worker who had been unemployed for the previous 60 days or more. Keep the new worker for at least a year, and you could also qualify for a tax credit of up to $1,000.