New HIRE Payroll Tax Exemption and Credit The IRS has issued additional guidance on the 2010 payroll tax exemption for hiring unemployed workers and the tax credit for retaining such workers. These payroll tax breaks were enacted by the Hiring Incentives to Restore Employment Act (HIRE Act, P.L. 111-147). The additional guidance, in the form of frequently asked questions (FAQs), carries valuable information on subjects such as the scope of the exemption, how it interacts with other tax breaks, and when an employer must receive the employee's certification of former unemployment status.... continued   New HIRE Act FAQs   The IRS has posted frequently asked questions (FAQs) on the payroll tax exemption created by the recently-enacted HIRE Act. In addition, the IRS has released a draft version of Form W-11, Hiring Incentives to Restore Employment (HIRE) Act Employee Affidavit, which employers will be able to use to meet one the exemption's employee certification requirement.... continued   New Small Business Health Care Tax Credit The IRS has issued detailed guidance on the small employer health insurance credit created by the Patient Protection and Affordable Care Act (Affordable Care Act, P.L. 111-148). The guidance adopts a liberal approach to the statutory requirements, including three alternative methods for figuring total hours of service, and also explains how small employers claim the credit if their State provides a credit or subsidy for employee health coverage....  continued