Employers hiring qualified individuals after February 3, 2010 or before January 1, 2011, may be eligible for payroll tax exemption and a new hire retention credit. Form W-11 from the Internal Revenue Service dated June 2010 provides guidance on the criteria for qualified employees.

While this is not brand new information, our research and dialogue with business owners indicates that many are not fully aware or taking advantage of the incentives provided by the IRS. More information and answers to commons questions about the Hiring Incentives to Restore Employment (HIRE) Act can be found at http://www.irs.gov/businesses/small/article/0,,id=220745,00.html.

For more information, contact your payroll processor, human resource department or tax advisor to be certain you are taking full advantage of the opportunity. If you don’t have any of those resources, the Digital Planet Finance and HR team may be able to help. Contact us at (717) 766-1911 or email sales@digitalplanetinc.com for further information.