Blog
Three common misconceptions about the Work Opportunity Tax Credit
We've helped hundreds of organizations profit with WOTC. Here are the three most common misconceptions they have before beginning. For nearly 30 years, the Work Opportunity Tax Credit (WOTC) has rewarded organizations who hire and retain disadvantaged job-seekers with...
WOTC offers big-ticket benefits for retailers
Learn why top retailers keep the Work Opportunity Tax Credit in stock Retail is a trade as old as time. People have always needed goods, and retailers have always provided them. Simple, right? Well…not so much. Just ask a retailer how their business has changed in...
Companies with the best WOTC profits do these four things
Learn how elite WOTC claimants maximize their profitability The Work Opportunity Tax Credit (WOTC) offers huge tax benefits to employers who hire and retain disadvantaged job-seekers. To get a sense of the scale of these benefits, consider that in April 2024, the US...
WOTC multiplies profits for franchise owners
The Work Opportunity Tax Credit offsets hiring costs, and then some If your business is a franchise–whether it's a restaurant, gas station, car wash, or something else–it's likely that hiring quality employees is essential to your success. That's why, since the...
One in five Americans qualifies for WOTC. Here’s how to find them.
Look to these places first to build your WOTC workforce One of the most common questions we hear after explaining the big tax benefits available through the Work Opportunity Tax Credit (WOTC) is "Where can I find employees who qualify for WOTC?" This question is...
The WOTC is ready to serve restaurants
Tax savings are never 86-ed thanks to the Work Opportunity Tax Credit Few industries have faced bigger challenges than restaurants in recent years. Despite this, the food service industry is projected to top $1 trillion in sales this year, and employ nearly 16 million...
Five takeaways from Arvo + Aqore’s WOTC webinar
We took notes at "The Power of WOTC," so you don't have to Arvo's Director of Sales and Marketing Emily Osborne presented a free webinar alongside Aqore Staffing Software's Chief Revenue Officer Steve Zipparro on May 30, 2024. An in-depth exploration of the Work...
Top staffing firms don’t skip WOTC
The Work Opportunity Tax Credit covers the costs of recruiting and hiring, and then some If recruiting and hiring were simple, the staffing industry wouldn't exist. What's more is that since the pandemic, staffing firms have had to clear two hurdles that don't seem...
Is WOTC worth it?
TLDR: Yes…when you work with Arvo If you've heard of the Work Opportunity Tax Credit (WOTC), you may already know that: >21% of Americans are eligible for WOTC Maximum credits per employee range from $1,200 to $9,600 Surplus WOTC credits can be carried forward or...
WOTC is custom-built for construction companies
WOTC pays you back for filling open roles Through rain, sun, snow, economic slowdowns, and supply chain shortages–if you're in construction, you do what it takes to keep building. Recently, you've likely faced two big problems that may be getting worse: The current...
Six ways Arvo’s State Workforce Agency Team saves time and money
To get the most from WOTC, you need the best teammates Many organizations save money on taxes by claiming the Work Opportunity Tax Credit (WOTC). However, few utilize WOTC to its full potential. That's because claiming the WOTC can be a complicated process. One...
Build a strong manufacturing workforce with WOTC
WOTC pays you back for filling open roles Whether your manufacturing company builds with metals, plastics, glass, biologics, or something else, one thing remains true–you need human workers to get the job done. Unfortunately, two problems may be working against you. ...
How much should I get from WOTC?
Optimized WOTC programs can earn >500% more than "good" programs If your business or non-profit participates or is planning to participate in the Work Opportunity Tax Credit (WOTC) program, you may have heard promises of big tax breaks and, as a result, increased...
How to claim the WOTC in Minnesota
Over twice as many WOTC certifications as lakes in Minnesota annually The Work Opportunity Tax Credit (WOTC) program rewards employers who hire and retain disadvantaged job-seekers. The amount of credit an employer can claim is calculated as a percentage of wages paid...
Important WOTC change coming soon
ETA Form 9198 will replace IRS Form 2848 on May 31, 2024 Last June, the Department of Labor announced an important change that anyone who employs a third party (such as Arvo Tech) to manage their Work Opportunity Tax Credit (WOTC) program needs to comply with by May...
How to claim the WOTC in Illinois
Illinois businesses gain WOTC certification at high rates The Work Opportunity Tax Credit (WOTC) program rewards employers who hire and retain disadvantaged job-seekers. The amount of credit an employer can claim is calculated as a percentage of wages paid to...
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...