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 …
Did you know you can automate the new employee onboarding process together with WOTC screening and processing all at the same time? This is considerably more efficient for employees, hiring managers, and HR administrators. But this automation also allows employers to generate significantly more WOTC credits than they could by using a separate WOTC processor. …
The Work Opportunity Tax Credit (WOTC) can provide a significant tax advantage to employers who hire qualifying workers. However, jumping through the hoops to prove that an employee is qualified can be cumbersome. Timely submission of certification requests is an important part of the hiring and onboarding process. It is very important to submit the …
If you’re not taking full advantage of the Work Opportunity Tax Credit (WOTC) for your business, you could be leaving money on the table. You may be asking, “Does WOTC apply to my business?” “I am not sure who would be eligible, or what exactly a target group means” “It’s probably not that much of …
Did you know that the work opportunity tax credit extended through 2019? This is the kind of news that it is easy to miss since these tax extensions are usually buried in the fine print of other acts or bills. But this is good news that you should pay special attention to if your organization …