With the introduction of the new Hiring Incentives to Restore Employment (HIRE) Act, employers are eligible for a payroll tax credit if eligible employees are hired during February 3 to December 31, 2010. The credit is 6.2% of FICA taxable wages, meaning the employer receives a credit of the employer portion of the FICA for those employees.
To institute this change in Maxwell Systems Management Suite (MSMS) entails setting up a new Fringe in Fringe/Deduction Maintenance, adding a new Calculation Method in Calculation Method Maintenance, and then assigning that new Fringe to the applicable employee(s).
Note that any changes to 941 or W-2 reporting have not been described by the IRS, and if required may necessitate a software update later this year.