Last week, President Obama signed into law the Hiring Incentives to Restore Employment (HIRE) Act (HR 2847). The law includes several major tax provisions designed to promote job growth as the nation’s economy continues to recover from recession.
The “Hire Now Tax Cut” provides $13 billion in tax breaks to qualified employers both in the form of payroll forgiveness for Social Security taxes paid for qualified new hires, as well as a tax credit for keeping those employees on payroll for 52 consecutive weeks.
We have consulted with our attorneys and you can feel free to sign any form related to the HIRE Act that the employer asks you to sign.
Thank you to everybody for complying with the delay.