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When will I receive my ERTC refund?

When will I receive my ERTC refund?

IRS processing of Employee Retention Tax Credit claims remains stalled The Employee Retention Tax Credit (ERTC), AKA the Employee Retention Credit (ERC), is a refundable tax credit created via bipartisan congressional action in 2020 and 2021 in order to support...

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What is a WOTC survey?

What is a WOTC survey?

Screening applicants is the first step toward claiming the WOTC The Work Opportunity Tax Credit (WOTC) program offers valuable tax benefits to employers who hire disadvantaged job seekers. Businesses with highly effective WOTC strategies can boost their total cash...

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How much money can I make with WOTC?

How much money can I make with WOTC?

The answer to this simple question relies on a number of factors The Work Opportunity Tax Credit (WOTC) program has rewarded businesses who hire and retain disadvantaged job seekers with valuable tax credits since 1996. Many people have heard of WOTC, but...

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What is Form 5884?

What is Form 5884?

An introduction for business owners claiming the WOTC If you’re a business owner hoping to benefit from the Work Opportunity Tax Credit (WOTC) program, chances are you’ve encountered IRS Form 5884. In this blog, we’ll answer some common questions about Form 5884. ...

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Best Way to Train a New Employee to Execute WOTC

Best Way to Train a New Employee to Execute WOTC

Training a new internal employee on the Work Opportunity Tax Credit (WOTC) involves a combination of education, hands-on experience, and ongoing support. Here's a step-by-step guide to help you train your new team member effectively: Provide Background Information:...

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Important Skills Needed to Execute WOTC

Important Skills Needed to Execute WOTC

WOTC, or Work Opportunity Tax Credit, is a federal tax credit available to employers who hire individuals from certain target groups who have consistently faced significant barriers to employment. To execute WOTC effectively, employers need a combination of...

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Use Job Fairs to Attract & Screen WOTC Candidates

Use Job Fairs to Attract & Screen WOTC Candidates

The Work Opportunity Tax Credit (WOTC) program can be effectively combined with both in-person and virtual job fairs to maximize its benefits for employers. Here's how you can integrate WOTC with job fairs in both formats: In-Person Job Fairs: Preparation and...

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