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 …
Congressional committees are hammering out the details of the “Build Back Better Act” H.R. 5376, the $3.5 trillion reconciliation bill which is a priority of the Biden administration. Currently, the House has passed the Bill and it lies with the Senate. Among the many programs and provisions in the Bill, there is a golden nugget for employers taking advantage of the Work Opportunity Tax …
Altametrics, a leading provider of enterprise back-office solutions, and Efficient Hire, an industry leader in talent acquisition solutions for hourly employers, today announced their integration partnership. The new Any Connector integration will allow Altametrics and Efficient Hire customers to seamlessly pass employee data from Efficient Hire to Altametrics. These restaurants include Little Caesars, Jack in …
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 …
You may know that there are tax credits available for hiring certain types of employees. However, you may not realize the level of value these incentives can bring to your company. What is WOTC? What is WOTC screening? How much can it impact my business? Is it worth the effort? What Is the WOTC Program Since …
After months of negotiations, the massive COVID relief bill was finally passed by Congress and is ready for the President’s signature. Among others, several provisions in the new bill will greatly benefit hourly employers: PPP second draw – 100% forgivable loan Restaurants can access 3.5x payroll – other businesses remain at 2.5x Greater flexibility in …
“We’re hitting roadblocks with getting folks onboarded during our Governor’s shutdown!” Sound familiar? That’s Kristi at a staffing agency that is still hiring with a mix of paper and pieced together technology. It’s not working. So, they called us. With the new restrictions and requirements for getting new hires through the process of onboarding (safely), …
The Department of the Treasury and the Internal Revenue Service (IRS) recently issued Notice 2020-23 that extends the due date for certain time-sensitive acts specified in Revenue Procedure 2018-58, 2018-50 IRB 990. The extension for WOTC means real dollars Under the extension for WOTC notice, employers that otherwise would be required to submit IRS Form …
Employers can get very generous tax breaks for hiring veterans but only if they understand how to screen new hires and file the right documentation in a timely manner. Depending on the size of an organization, rate of new hires, and average wages paid to employees, tax credits could equal tens of thousands of dollars …