Blogs
How does WOTC certification work?
WOTC-eligible employees must be certified by SWAs The Work Opportunity Tax Credit (WOTC) program promises big financial benefits to employers who hire disadvantaged job-seekers. In order to claim the benefits, however, employers must obtain WOTC certification from the...
How to claim the WOTC in Texas
Don’t mess with taxes The Work Opportunity Tax Credit (WOTC) program rewards employers who hire and retain disadvantaged job-seekers with tax credits. The amount of credit an employer can claim is calculated as a percentage of wages paid to WOTC-eligible new hires,...
How can I make more money with WOTC?
Learn how to get the most from WOTC The Work Opportunity Tax Credit (WOTC) program is a federal employment tax credit program that rewards employers who hire and retain disadvantaged job-seekers with credits against their annual tax liability. The credits are...
How to claim the WOTC in California
Employers in California obtained the largest number of WOTC certifications in 2022 The Work Opportunity Tax Credit (WOTC) program rewards employers who hire and retain disadvantaged job-seekers with tax credits. The amount of credit an employer can claim is calculated...
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...
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...
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...
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. ...
Retail stores shouldn’t discount the Work Opportunity Tax Credit
WOTC lowers hiring costs and boosts long-term profits for retailers The Work Opportunity Tax Credit (WOTC) program is designed to benefit both employers and employees. By understanding and leveraging the WOTC, retail stores can significantly boost their bottom line...
Seven reasons to ditch your WOTC provider
Horror stories we hear from people who make the switch The Work Opportunity Tax Credit (WOTC) program can boost your bottom line by up to 40%, but only if your WOTC provider performs to the best of their ability. In this blog, we'll describe the top seven reasons...
Understanding the Work Opportunity Tax Credit (WOTC): A Bipartisan Solution for Economic Growth
In the world of politics, finding common ground can be a rare and challenging feat. However, the Work Opportunity Tax Credit (WOTC) stands as a shining example of a bipartisan initiative that has garnered support from both Republicans and Democrats. This powerful tax...
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:...
Maximizing Business Tax Credits: The Power of Carryforwards and Carrybacks
In the complex landscape of business taxation, savvy entrepreneurs and business owners are always on the lookout for strategies to optimize their financial outcomes. One such strategy involves harnessing the potential of tax credits, such as the Work Opportunity Tax...
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...
Why Staffing Firms Should Have a Dedicated WOTC Specialist
The Work Opportunity Tax Credit (WOTC) program can significantly impact staffing and recruiting firms’ bottom lines. Firms who successfully leverage the WOTC program often have an employee or two dedicated entirely to WOTC. Today we'll delve into how a WOTC specialist...
Maximizing Tax Credits with WOTC Form 5884: Patience Pays Off
In the world of business, every dollar saved can make a significant impact on your bottom line. One often overlooked opportunity for businesses to save on taxes is the Work Opportunity Tax Credit (WOTC). This tax credit incentivizes employers to hire individuals from...
Boosting WOTC Credits Through Employee Bonuses: A Win-Win Strategy
The Work Opportunity Tax Credit (WOTC) program provides an incredible opportunity for businesses to not only expand their workforce but also earn valuable tax credits. While WOTC is known for its potential financial benefits, there's a lesser-known strategy...
Tapping into Social Media: A Powerful Strategy For Recruiting WOTC Workers
In the world of modern recruitment, social media has emerged as a dynamic and influential platform. But did you know that it can also be a potent tool for sourcing candidates eligible for the Work Opportunity Tax Credit (WOTC) program? In today’s blog, we'll delve...
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...
Should the Work Opportunity Tax Credit be Included as Part of Your Employee Handbook?
The Work Opportunity Tax Credit (WOTC) is a federal tax credit program that provides incentives for employers to hire individuals from specific target groups who may face barriers to employment. While it's not a legal requirement to include information about the WOTC...
Leveraging Tax Credit Technology: A Game-Changer for Staffing Firm
In today's dynamic business landscape, staffing firms are constantly seeking innovative ways to stay ahead of the curve and deliver exceptional value to their clients and candidates. One such avenue that has gained traction is the strategic utilization of tax credits...