Efficient Hire
How to earn Tax Credits just for hiring Veterans In addition to the skills and talents military veterans can bring to a company, did you know that they can also help your business earn tax credits? Businesses that hire eligible unemployed veterans can take advantage of a Work Opportunity Tax Credit (WOTC). (This credit is …
Did you know you could receive a tax credit for hiring individuals who have been unemployed? The Work Opportunity Tax Credit (WOTC) is a federal tax credit for hiring individuals from certain target groups who face significant barriers to employment—including individuals who have been unemployed for 27 weeks or longer. With unemployment skyrocketing, now is …
Some business owners are finding opportunities to give ex-offender second chances. Unemployment is low and the struggle to find candidates for open positions is high. Therefore, some business owners are broadening their scope to include ex-offenders. Not only does this help fill open positions. But it also opens the door to valuable tax credits. Reality …
In short, because the employee retention tax credit (ERTC) has been expanded and extended under new laws. The second round of PPP loans are available, and loan forgiveness is simplified – borrowers can allocate PPP loan proceeds to qualifying operating expenses (instead of just wages) and claim the ERTC, too! Now, let’s review the Employee …
With so many business challenges right now, we want to share how you can gain significantly more in tax credits. These gains will help your company as you navigate through COVID-19 and beyond! The WOTC (Work Opportunity Tax Credit) Program provides significant tax credits to employers who hire individuals that are part of certain target …