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...
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...