New Avenues Open for Employers to Save on Payroll Taxes
Nancy Lashnits - Ballard Spahr LLP
June 21, 2010
Employers should be alert to significant new legislative and judicial developments in the collection and payment of payroll taxes.
Payroll Tax Exemption for New Hires. The Internal Revenue Service has released a new tax form to help employers claim the payroll tax exemption adopted into law by the Hiring Incentives to Restore Employment Act (HIRE Act), signed by President Obama on March 18, 2010.
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