Congress recently passed the HIRE Act to incent employers to hire people who are unemployed or underemployed. The Act allows employers to forgo paying the employer portion of social security taxes on wages paid in 2010 for qualified employees. This benefit amounts to 6.2% of the wages subject to social security taxes and does not reduce social security benefits for the employee. The Act also allows employers who retain qualified hires for at least a year to claim a $1,000.00 credit on their business tax return for each qualified employee.

Employers who have an opportunity to hire employees who qualify for these incentives can obviously achieve significant tax savings by doing so. Mosaic Employer Solutions makes it easy for employers to capture these incentives by simply processing payroll through its payroll service after having the employee sign form W11.

Mosaic Employer Solutions, a payroll and employer services firm, is based in Denver, Colorado and maintains offices in Orange County, California and Dallas – Fort Worth, Texas.

Mosaic Employer Solutions, a Denver, Colorado, based payroll services firm, increasingly finds that professional organizations are benefiting from its services.

A recent example is a Denver orthodontics practice that was unhappy with the level of personal service it was receiving from the national service bureau it was working with. When the orthodontist was talking with his banker about the problems with the firm he was using, the banker recommended he contact Mosaic.

Mosaic is uniquely equipped to deliver great service to firms like this one while leveraging technology to change how payroll is handled in a professional practice. Now, instead of being buried by paper reports, the Orthodontist will receive all the information necessary to manage his payroll directly on his computer’s desktop. This will allow him to save time (no filing paper reports) and space (fewer filing cabinets) all while increasing the security of his employees’ personal information.