Impact of HIRE Act on CPAs
How to estimate possible savings for your clients.
May 10, 2010
With two key pieces of legislation recently signed into law, there are many unanswered questions. Paychex is closely monitoring these for the most up-to-date information to help your clients stay informed and compliant with this new legislation, accurately prepare payroll and maximize their tax credits.
Following are some of the known details:
HIRE Act — “Jobs Bill”
The key provisions of this bill include:
The following information is known from the Internal Revenue Service (IRS) up to this point:
For tools including our HIRE Act Savings Calculator to estimate the possible savings for your clients and a customizable letter to communicate this legislation, please visit www.paychex.com/hireact.
The Paychex Insurance Agency is closely following the provisions of the healthcare bill. Some elements of the bill are slated to take effect within the next year, while others will take some time to implement.
We will provide information and assistance well before the various elements of the final legislation go into effect. You can count on Paychex to help you and your clients prepare for future changes in legislation.
Visit our dedicated Web page at www.paychex.com/regulations, for all details on both pieces of legislation, as they become available.
Paychex is proud to be the exclusive provider of retirement services for the firm-based AICPA Member Retirement Program, and preferred provider of payroll and retirement plan services for CPAs through the AICPA Business Solutions Partner Program.