News
Illegal Immigration Reform and Enforcement Act of 2011
Georgia House Bill 87, enacted May 13, 2011, and known as the Illegal Immigration Reform and Enforcement Act of 2011, will require private employers with 10 or more employees to use E-Verify to confirm the employment eligibility of new hires
The implementation will occur in stages based on the total numberof employees. The implementation schedule is:
- Private employers in Georgia with 500 or more employees must use E-Verify for new hires on or before January 1, 2012.
- Private employers in Georgia with 100 or more employees but fewer than 500 must use E-Verify for new hires on or before July 1, 2012.
- Private employers in Georgia with between 11 and 99 employees must use E-Verify for new hires on or before July 1, 2013.
- Private employers in Georgia with 10 or fewer employees are exempt from the law.
FUTA Surcharge Ends June 30, 2011
The Federal Unemployment Tax Act tax (commonly know as FUTA) was 6.2% of the first $7,000 earned by an individual for as long as most of us can remember. The 6.2% rate was composed of a permanent 6.0% and a temporary 0.2% tax. In addition, a 5.4% credit can be earned by paying state unemployment taxes in a timely fashion making the pre July 1 rate effectively 0.8% and the July 1 rate 0.6%.
FICA Tax Relief for Workers in 2011
Under the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, Employees will receive a reduction in their contribution towards Social Security from 6.2% to 4.2% in 2011. This tax reduction is expected to impact over 155 million workers and provide tax relief of about $112 billion.
Hiring Incentives to Restore Employment (HIRE) Act
Enacted March 18, 2010, the HIRE act provides two incentives to employers to hire certain previously unemployed workers. To qualify, these new employees must complete an employee affidavit (Form W-11) and meet certain criteria listed on the form.
The two incentives are:
- An exemption form the employers share of Social Security Tax (6.2%) on wages paid to the employee, and
- a tax credit for each employee retained for 52 weeks.
For more details, visit the IRS' web page at:
http://www.irs.gov/businesses/small/article/0,,id=220745,00.html
Hiring Incentives to Restore Employment (HIRE) Act
Enacted March 18, 2010, the HIRE act provides two incentives to employers to hire certain previously unemployed workers. To qualify, these new employees must complete an employee affidavit (Form W-11) and meet certain criteria listed on the form.
The two incentives are:
- An exemption form the employers share of Social Security Tax (6.2%) on wages paid to the employee, and
- a tax credit for each employee retained for 52 weeks.
For more details, visit the IRS’ web page at http://www.irs.gov/businesses/small/article/0,,id=220745,00.html
