April 2010

What Organizations Need to Know About the Hiring Incentives to Restore Employment Act of 2010 (HIRE Act)

AICPA Business Brief, 04v1/2010

On March 18, 2010, President Obama signed into law the year’s first major tax legislation—the Hiring Incentives to Restore Employment Act (HIRE Act). The new law is intended to stimulate employment, employee retention and capital investment.

This Business Brief explains the basics of how the HIRE Act impacts your business opportunities for growth and financial operations management. Additionally, you should consider current health care legislation when assessing your organization’s human-resources needs.

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This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.