ROSELAND, N.J., Nov. 8, 2010 /PRNewswire/ -- ADP ®, a
leading provider of HR, payroll, tax, business outsourcing
solutions and benefits administration services, today announced
that more than 1 million workers entering the workforce have been
screened and certified under the federal Hiring Incentives to
Restore Employment (HIRE) Act using its industry-leading Tax Credit
Services solution.
ADP has worked with more than 1,500 employers since the HIRE Act
took effect in March 2010 to screen
1.81 million workers and certify 1.07 million workers to date. The
U.S. Department of Treasury recently estimated that between
February and August 2010, American
companies have added 8.1 million new workers whose hires make their
new employers eligible to receive HIRE Act tax credits and
exemptions. The HIRE Act is set to expire on December 31, 2010.
"With less than a year to take advantage of the HIRE Act tax
credit, many employers faced compliance and processing challenges,"
said Deborah Fortin, Vice President
of Operations for ADP's Tax Credit Services division. "As soon as
the HIRE Act took effect in March, ADP's Tax Credit Services was
ready to provide screening and certification, compliance,
documentation and audit support, along with general administration
assistance, so employers could focus on hiring."
Staffed with more than 500 tax credit professionals and a
dedicated team of government relations specialists, ADP also
provides employers screening and certification processes for the
federal Work Opportunity Tax Credit (WOTC). By providing services
for HIRE, WOTC and other employment tax credit opportunities, ADP
allows employers to maximize their benefits while bringing many
unemployed individuals back into the workforce.
Under the HIRE Act, employers could earn up to a $1,000 tax credit for each qualifying worksite
employee hired after February 3,
2010. Employees hired must work for at least 52 weeks for
employers to earn the full credit. Hiring companies also receive a
Social Security tax exemption for hiring employees after
February 3, 2010 who were previously
unemployed for at least 60 days, and whose wages did not exceed the
Social Security wage base of $106,800.
For more information, please visit www.ADP.com.
About ADP
Automatic Data Processing, Inc. (Nasdaq: ADP), with nearly
$9 billion in revenues and about
550,000 clients, is one of the world's largest providers of
business outsourcing solutions. Leveraging over 60 years of
experience, ADP offers a wide range of HR, payroll, tax and
benefits administration solutions from a single source. ADP's
easy-to-use solutions for employers provide superior value to
companies of all types and sizes. ADP is also a leading provider of
integrated computing solutions to auto, truck, motorcycle, marine
and recreational vehicle dealers throughout the world. For more
information about ADP or to contact a local ADP sales office, reach
us at 1.800.225.5237 or visit the company's website at
www.ADP.com.
SOURCE Automatic Data Processing, Inc.