Don't Overlook the Jobs Bill's Tax IncentivesBy
The $18 billion jobs bill signed by President Barack Obama on Mar. 18 represents "the democratization of tax credits," says Brandon Edwards, president of Los Angeles-based consulting firm The Tax Credit Company. Despite the legislation's simplicity and availability to every U.S. business, Edwards estimates that 90 percent of small companies are unaware of the Hiring Incentives to Restore Employment (HIRE) Act, outlined at this page on the IRS Web site. Edwards says that companies can save as much as $7,621 per qualified employee under HIRE. He spoke recently to Smart Answers columnist Karen E. Klein. Edited excerpts of their conversation follow.
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