Blog
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...
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...
Five reasons why both Democrats and Republicans support the Work Opportunity Tax Credit
WOTC is popular across the aisle thanks to its many attractive benefits The Work Opportunity Tax Credit (WOTC) is a federal tax credit program designed to encourage businesses to hire individuals facing significant barriers to employment. These include veterans,...
Why the WOTC is like a time-traveling tax piggy bank
The Work Opportunity Tax Credit can be carried forward and backward Many organizations already claim the WOTC, but some may not realize that it not only relieves tax burdens now, but also in the past and/or future. For context, there are two kinds of tax credits–"use...
When should I file Form 5884?
They say timing is everything. When it comes to Form 5884, they're right. The Work Opportunity Tax Credit (WOTC) incentivizes employers to hire individuals from specific target groups. Organizations who claim WOTC smartly can see their bottom lines grow by 40% or...
Four employee bonuses that supercharge WOTC profits
If you want to get more from the Work Opportunity Tax Credit, these incentives work The Work Opportunity Tax Credit (WOTC) rewards employers who hire certain disadvantaged job-seekers with valuable tax credits. To be eligible for WOTC, employees must certifiably...
Five ways WOTC is a game-changer for staffing firms
The Work Opportunity Tax Credit delivers big value for high-volume employers Staffing firms are problem solvers. They constantly seek innovative ways to deliver top-quality candidates to their clients. That's why top staffing firms increasingly embrace the Work...
The trucking industry goes more places with WOTC
Learn how the Work Opportunity Tax Credit (WOTC) makes every mile more profitable The Work Opportunity Tax Credit is a federal tax credit program established to encourage employers to hire individuals who face significant barriers to employment. Target groups eligible...
How WOTC lowers costs and raises profits for staffing firms
Your business is keeping businesses staffed. Our business is getting you the money you're entitled to because of that. The Work Opportunity Tax Credit (WOTC) provides tax incentives to employers who hire disadvantaged job-seekers from certain groups, including...
WOTC reciprocates care for home healthcare businesses
Hire eligible caregivers to fill open roles and grow your business America's getting older. The US Census Bureau projects that by 2050, the number of people over age 65 will approximately double. Because that demographic can have a harder time getting around town,...