New jobs legislation contains significant hiring incentives for employers

Congress is nearing final approval of $13 billion in new hiring incentives, including a payroll tax exemption in 2010 and a prospective retention tax credit in 2011 for employers that hire certain unemployed workers. The White House has indicated that President Obama will sign the measure, which can provide immediate cash savings for eligible employers.

Please join us for a one-hour webcast on Tuesday, March 16, from 2:00-3:00 p.m. ET as Ernst & Young LLP professionals discuss the new legislation and what it means for your business, with special focus on:

• Who’s eligible
• How to claim the new exemption & credit, and process options for doing so
• The FICA 941 and 941X process to accurately compute the savings
• Additional considerations for companies that claim the Work Opportunity Tax Credit (WOTC)
• Next steps for tax, HR and payroll departments
• Additional employment incentives trends at the state level

Featured panelists
Ali Master, Ernst & Young LLP, National Director, Business Incentives & Tax Credit Services
Debby Salam, Ernst & Young LLP, Director, Payroll Information Services and Process
David Demaree, Ernst & Young LLP, Executive Director, WOTC Operations

Moderator
Jeff Saviano, Ernst & Young LLP, National Director, State & Local Taxes