The IRS last month published the forms employers need to claimbreaks offered under the new HIRE Act. The law eliminates employers’ 6.2% Social Security tax on wages paid to certain newly hired people who had been previously unemployed. Employers must obtain a statement from eligible new hires certifying that they qualify.
The forms include a new Form W-11 (HIRE Act Employee Affidavit) and a revised Form 941 (Employer’s Quarterly Federal Tax Return). Find links to the forms plus details about the new tax breaks at www.theHRSpecialist.com/hireact.
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- Small Business Tax Deduction Strategies
- Don't rubber-stamp firings; verify supervisors' reasons
- Missouri firm reaches out to former job applicants
- Commute to and from work on Uncle Sam's dime
- 10 key tips for recession-proofing your HR department