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Work Opportunity Tax Credit

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WOTC Update: IRS Suspends 28-Day Rule until June 29, 2016

By | March 9th, 2016|Uncategorized, WOTC Tax Credit Updates|

The Work Opportunity Tax Credit (WOTC) provides tax credits for employers hiring employees from certain targeted groups. The PATH Act extended WOTC through 2019, including 2015 retroactively, and added a new category of qualified hires targeting the long-term unemployed, starting in January 2016. For the first few months of 2016, the lingering question was how [...]

Work Opportunity Tax Credit (WOTC) Extended by Congress for 5 Years!

By | January 4th, 2016|Uncategorized, WOTC Tax Credit Updates|

WOTC Tax Credits have been renewed retroactively through December 31, 2019 - yes, for 5 Years! Participating companies will continue to get $2,400.00 - $9,600.00 for each eligible new hire! President Obama signed a huge tax and spending package into law, following congressional votes that avoided a year-end showdown over the budget and ended legislative [...]

How to Get Government Grants for Employee Training

By | April 10th, 2015|Uncategorized|

It's critical that your small business trains employees and further develops their work skills, but this can be tough to do on a small budget. To help businesses in your position, there are funds available in the form of grants. The trouble is that much of this money gets allocated to state or local workforce [...]

Why Tax Credits are Better than Deductions

By | April 2nd, 2015|Uncategorized|

Thanks to tax credits, tax season doesn’t have to be as scary as it once was. While many people are still in the “deduct” mindset, there are many advantages to finding tax credits over deducting expenses from your income. This is especially true for businesses that need to save money. Surprisingly, many businesses fail to [...]

Credit Services – What to Know

By | March 27th, 2015|Uncategorized|

There are many different tax and credit incentives that business employers can take advantage of. Some of these initiatives vary across the nation, and knowing about the certain details in your state and region can help you to make the most of the opportunities and benefits that are available to you and your company. Credit [...]

IRS Notice 2015-13 Provides an Extension for Employers Submitting Late WOTC Applications

By | March 13th, 2015|Uncategorized|

We have exciting news to share with employers who count on the Work Opportunity Tax Credit (WOTC) to lower their tax liability. The IRS has released IRS Notice 2015-13, which provides transition relief in consideration to the late retroactive renewal of the WOTC program in December 2014. The Notice waives the 28-day deadline for submitting [...]

How to Recruit and Hire Top-Quality Employees

By | March 5th, 2015|Uncategorized|

One of the best ways to strengthen your company is by hiring the right employee for each position. The right employee will benefit your company by increasing productivity, establishing a cohesive team environment and saving money on training. On the other hand, hiring the wrong employee can lead you down a path where coworker relationships [...]

Screening New Hires

By | February 25th, 2015|Uncategorized|

Many businesses today are finding out that it is becoming more and more difficult to screen new hires for work opportunity tax credits. This is where a program like WOTC integration comes into play. As a the person who does most of the hiring for your company you will be tasked with screening any potential [...]