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Tag Archives: Payroll
Payroll tax holiday and up-to-$1,000 credit for employers who hire unemployed workers.
A key tax change affecting business was made in the recently enacted Hiring Incentives to Restore Employment (HIRE) Act. To help stimulate the hiring of workers by the private sector, the new law exempts any private-sector employer that hires a worker who … Continue reading
Posted in Payroll, Tax legislation
Tagged Hire Act, Payroll, payroll tax holiday, payroll taxes
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Will the “Making Work Pay” tax credit hurt you next April?
The new “Making Work Pay” tax credit is being paid to taxpayers in advance through reduced payroll withholding. The reduction was accomplished by tweaking the payroll withholding tables, which does not consider all specific tax circumstances. You may not have … Continue reading
Posted in Payroll, Personal Taxes, Tax Planning
Tagged making work pay, Payroll, withholding
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