The IRS last month published the forms employers need to claim payroll tax breaks offered under the new HIRE Act. The law eliminates employers’ 6.2% Social Security payroll 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.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/11626/use-new-irs-form-to-claim-hire-act-tax-breaks "