The centerpiece of this Act is a payroll tax holiday and up-to $1,000 tax credit for businesses that hire unemployed workers. In addition to these new hiring incentives, the HIRE Act also includes a one-year extension of the enhanced small business expensing option under Code Sec. 179 (improved upon by the Small Business Jobs Act as linked here).

A brief overview of the payroll tax holiday and related credit are available here. If you think you might qualify for either, please call our office for more information.