Vision Payroll

March 27, 2010

Qualifying Wages Under the HIRE Act

Under the Hiring Incentives to Restore Employment Act (HIRE Act), employers who hire certain unemployed workers are allowed not to pay certain employment taxes. In order to qualify under the HIRE Act, the wages must be paid by a qualified employer “with respect to employment” in the period beginning March 19, 2010 and ending December 31, 2010. Additionally, the wages must be “for services performed…in a trade or business of such qualified employer” or for exempt employers, “in furtherance of the activities related to the purpose or function constituting the basis of the employer’s exemption under section 501.” Contact Vision Payroll if you have further questions on the HIRE Act.

March 22, 2010

Many Employers Eligible for HIRE Act Exemption

Under the Hiring Incentives to Restore Employment Act (HIRE Act), employers who hire certain unemployed workers are allowed not to pay certain employment taxes. Most employers are eligible for this exemption. According to the HIRE Act, a “qualified employer” is any employer other than the United States, any State, or any political subdivision thereof, or any instrumentality of the foregoing, although “a public institution of higher education (as defined in section 101(b) of the Higher Education Act of 1965)” also is a qualified employer, even if a public institution. Contact Vision Payroll if you have further questions on the HIRE Act.

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