Tax Planning & Compliance Blog

The Hiring Incentives to Restore Employment, or HIRE, Act, was recently signed by President Obama after being approved by the Senate by a 68-29 bipartisan vote on Wednesday, March 17th. It is the first of a series of bills that the administration and Congress plan to introduce to reduce the unemployment rate.

Some key points are listed below:

The new payroll tax exemption will provide employers with incentives to hire and retain new employees.The bill provides businesses, including small...