Hiring Incentives to Restore Employment Act

The IRS is interested in informing small businesses and others about recently enacted federal legislation that includes tax-saving opportunities for small businesses to hire new workers.

On July 8 they held a free webinar. Topics they covered included:

  • The payroll tax exemption and retention income tax credit for employers who hire previously unemployed workers.
  • Who qualifies as an eligible individual for each benefit.
  • What businesses may claim each benefit.
  • How business can claim those HIRE benefits.

IRS has more information available on the HIRE Act at http://www.irs.gov/irs/article/0,,id=223909,00.html.