Employees. . . New Hire FICA Credit Information

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Warning

Product support for the Creative Solutions Accounting platform ended on September 30, 2020.

Help & How-To Center content for the Creative Solutions Accounting platform may be outdated and is used at your own risk.

Form 941 has been updated to accommodate the Hiring Incentives to Restore Employment (HIRE) Act.

To display the FICA-SS employer exempt wages amount earned by the currently selected employee between March 19 and March 31, 2010 (or to enter an adjustment as needed), choose Edit > New Hire FICA Credit Information from the Setup > Employees window.

The program calculates the FICA-SS employer exempt wages amount earned between March 19 and March 31, 2010, when you change payroll periods to or from a March 2010 period or when you choose Edit > Rebuild First-Quarter FICA Credit from the Setup > Employees window. You can also enter an adjustment if needed.

See also: Employees or Employee Information > Personal/W-2 tab

Special information

  • If the employee qualifies for the new hire FICA credit (from the HIRE Act), mark the New hire FICA credit checkbox on the Personal/W-2 tab of the Setup > Employees window.
  • When that checkbox is marked for an employee, the employer FICA-SS tax amount will be 0.00 for payroll checks processed for that employee with pay dates from April 2010 through December 2010, and the appropriate amounts will be reflected on relevant reports.
  • The date of hire specified on the Personal/W-2 tab for the employee must be between February 4, 2010, and December 31, 2010, before the New Hire FICA Credit checkbox can be marked.
  • The program does not allow both the New Hire FICA Credit checkbox and the Family of Owner checkbox to be marked simultaneously.

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