Work Opportunity Tax Credit extended through 2020
If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for a valuable tax credit known as the Work Opportunity Tax Credit (WOTC). The WOTC was set to expire on December 31, 2019. But a new law passed […]
Hiring this summer? You may qualify for a valuable tax credit
Is your business hiring this summer? If the employees come from certain “targeted groups,” you may be eligible for the Work Opportunity Tax Credit (WOTC). This includes youth whom you bring in this summer for two or three months. The maximum credit employers can claim is $2,400 to $9,600 for each eligible employee. 10 targeted […]
School’s out for the summer, so let’s get to work
School is out for the summer, which is an ideal time for your children to earn a little money and gain some experience at the same time. Bringing them in to work for you is a good idea, but first, keep in mind the following when employing family members: Make sure the job is legitimate. Your […]
Continue to file for Work Opportunity Tax Credits
Congress has not extended the Work Opportunity Tax Credits (WOTC) to new hires in 2015. However, because Congress has historically extended these tax credits, we encourage employers to continue to submit the paperwork for certification for each new hire. Companies have missed out on possible Work Opportunity Tax Credits by not continuing to file the […]