The retirement plan tax breaks most business owners miss
Learn how to cut taxes, build wealth, and keep great employees Retirement plans aren’t just about retirement. If you’re a business owner, they’re one of the most overlooked tools for cutting your tax bill, building long-term wealth, and making your business more attractive to employees. But most people don’t hear about the real benefits, or […]
How to tell if your accountant is doing tax compliance or tax strategy
Filing a return isn’t the same thing as building a plan to reduce what you owe. Most business owners assume their CPA is “taking care of the tax stuff.” And to be fair, they probably are — at least the basics. Your return gets filed. The IRS stays off your back. You sign a few […]
Is your accountant just filing taxes—or actually saving you money?
Why tax season shouldn’t be the only time you think about taxes Most business owners assume that because they have an accountant, they have a tax strategy. They don’t. Accountants are great at what they do: making sure your tax return gets filed on time and accurately. But that’s just compliance. It’s checking a box. […]
The overlooked tax credits costing SMBs thousands
Why WOTC and R&D credits slip through the cracks — and how your business can capture these overlooked savings Small and mid-sized businesses (SMBs) leave money on the table every year by missing out on valuable tax credits. Two of the most commonly overlooked credits? The Work Opportunity Tax Credit (WOTC) and the Research & […]
Why your tax pro can’t save you money without good books
Great tax strategy starts with accurate bookkeeping — here’s what happens when it doesn’t Every business owner wants to save money on taxes. And plenty of people think a great tax pro can work some magic to make that happen — even if the books are a little messy. But the truth is, even the […]
Poor bookkeeping costs more than you think
Why investing in expert bookkeeping saves time & money Every business owner expects to pay for bookkeeping, whether it’s software, a part-time bookkeeper, or a full-service accounting firm. But the real cost of bookkeeping isn’t just the invoice you receive—it’s also what you might be losing without even realizing it. Poor bookkeeping can lead to […]
Don’t put off exit planning until it’s too late
Why you should begin planning now Most business owners don’t think much about their exit strategy until they’re ready to sell, retire, or pass the business down. And by then, they’ve usually missed out on some big opportunities to set themselves up for the best outcome. The truth is, the choices you make today—how you […]
Midwest Staffing Conference
April 23rd at 9am EST – April 24th at 4pm EST At Drury Lane Conference Center, Oakbrook Terrace, IL
AGC Convention 2025
April 8th at 430pm EST – April 10th 2pm EST At Greater Columbus Convention Center, Columbus, OH
Are you leaving money on the table?
How tax credits can lower your business costs If you’re a small business owner, you already know taxes are one of your biggest expenses. What you might not know? You could be paying more than you have to. Tax credits are one of the most effective ways to reduce your tax bill, yet most […]
Top tax breaks for small businesses in 2025
As we close the books on 2024, resolve to stop missing opportunities in 2025 As we enter 2025, small business owners are more focused than ever on finding ways to save money on their taxes. With inflation still affecting costs, supply chain challenges, and potential changes in tax laws, many are looking for ways […]
Why small business owners can count on the Work Opportunity Tax Credit
It’s likely that the popular program isn’t going anywhere anytime soon If you’re a small business owner, you may have heard that the Work Opportunity Tax Credit (WOTC) is set to expire at the end of 2025. However, there’s no need to worry—WOTC has been extended thirteen times since it was first introduced in […]
SMBMatters: Smart small businesses meet their neighbors to grow in 2025
In our remotely-connected world, take a walk around town to find advantages In 2025, small and mid-sized businesses (SMBs) are realizing that growing their business isn’t just about selling more online or expanding operations. It’s about connecting with the local community, just like some of the most successful businesses today. Take Starbucks, which has […]
What the 2024 Republican sweep means for small business owners
A lot is set to change–but one thing isn’t going away As we move into 2025, small business owners need to stay informed about upcoming tax policy changes that could impact their bottom line. With new leadership at the helm, both corporate tax policies and broader trade regulations are expected to shift. Let’s break […]
We care more about your WOTC performance than our competitors do
Don’t trust Goliath with your Work Opportunity Tax Credit management When Mason, the owner of a small restaurant chain, switched to Arvo for WOTC services, he didn’t expect much. After years of dealing with big providers, he was used to survey outages, unresponsive customer service, and missed opportunities. But with Arvo, everything changed. From […]
We believe in taking risks. Here’s why you should too.
Take the leap! Discomfort is a part of growth. Let’s be real—taking risks can be intimidating. The idea of stepping into the unknown, with no guarantee of success, isn’t something most of us jump at. But here’s the truth: growth almost always requires a little discomfort. At Arvo Tech, we’ve lived this truth. Our […]
Do your accounting practices help or hurt your taxes?
Four important considerations for every small business owner A few years ago, a small business owner–we’ll call her “Sarah,”–found herself facing a hefty tax bill. She ran a growing online store and thought her finances were in good shape—until she sat down with her accountant. After reviewing her records, her accountant pointed out that if […]
Five tax credits SMB owners should know about in 2025
Don’t miss these five opportunities to improve your business & bottom line Every dollar counts when you’re a small business owner. Luckily, there are several federal tax credits that can help lower your tax bill and give your business a little extra breathing room. Every minute counts, too. So we’ll get right to it. 1. […]
Top staffing firms love Arvo + Automated Business Designs
Our seamless integration boosts cash flow up to 40% Staffing firms are some of the hardest-working businesses around. In order to gather quality employees on time and on budget, they stay locked in on the latest tools and solutions for recruitment, management, and optimization. The demands of the staffing industry are high, and efficiency is […]
SMBMatters: The CPA shortage and what it means for your small business
As CPAs become harder to find, SMB owners are finding tech solutions for tax and accounting problems You’ve probably noticed that finding a good CPA is getting tougher. And the challenge is more than just an inconvenience—it can impact your business in real ways. The shortage of CPAs is affecting small businesses everywhere, making it […]
How to make more money in 2025 with WOTC
When your to-do list is long, focus on the things that will make the biggest impact Imagine this: You’ve just wrapped up another busy month, hiring a few new team members to help your growing business. You’re feeling good about expanding, but as tax season looms, you’re starting to think about how much it’s all […]
We make WOTC simple. Here’s how.
We believe every business should be able to claim the Work Opportunity Tax Credits they’re entitled to The Work Opportunity Tax Credit (WOTC) helps employers save money by offering incentives for hiring individuals from certain groups, such as veterans, long-term unemployed people, ex-felons, and others who face challenges in finding work. The process of applying […]
We value listening. Here’s why.
👂👂👂💡💡💡🧠🧠🧠📈📈📈 Creating a workplace where everyone collaborates effectively, shares ideas openly, and works toward common goals sounds great in theory—but it’s much harder to put into practice. At Arvo Tech, innovation drives our success, and that means our team must be able to work together seamlessly. Listening is key to that process, because listening is […]
How should my LLC elect to be taxed?
The right answer depends on a number of factors If you’re running a Limited Liability Company (LLC), understanding how it’s taxed can be a bit tricky. The good news is that LLCs are highly flexible when it comes to tax treatment. Depending on your circumstances and business goals, you could have up to four […]
You can earn 2-3x more WOTC profits
It’s no secret. We outperform other WOTC providers. Here’s how. The Work Opportunity Tax Credit (WOTC) was created nearly 30 years ago. It has stood the test of time by being extended by Congress 13 times. WOTC makes available tax credits up to $9600 per eligible employee to employers who hire disadvantaged job-seekers. At the […]
How to claim the WOTC in North Carolina
Your cashflow will be first in flight with our Work Opportunity Tax Credit solutions 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 WOTC-eligible new hires, after the employee reaches certain hours-worked […]
With Arvo and Aqore, staffing firms get everything they deserve
Aqore gives staffing firms a competitive edge. Arvo sharpens it. Staffing firms are some of the hardest-working businesses around. In order to gather quality employees on time and on budget, they stay locked-in on the latest tools and solutions for recruitment, management, and optimization. That’s why top staffing firms love Zenople, our partner Aqore’s cloud-based, […]
How to claim the WOTC in Missouri
We can show you huge profits with the Work Opportunity Tax Credit 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 WOTC-eligible new hires, after the employee reaches certain hours-worked milestones. Employers […]
Is my business eligible for the Work Opportunity Tax Credit?
If you hire employees and pay wages, the answer is likely “Yes!” The Work Opportunity Tax Credit (WOTC) rewards employers who hire disadvantaged job-seekers with valuable tax credits. The maximum credit value ranges from $2400-$9600 per eligible employee. Because there is no overall cap on how much credit an employer can claim, businesses who embrace […]
How to claim the WOTC in Michigan
Wolverine businesses can win big with the Work Opportunity Tax Credit 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 WOTC-eligible new hires, after the employee reaches certain hours-worked milestones. Employers in […]
Close your books monthly to reach long-term financial goals
Learn why top businesses don’t skip their monthly close Clean and accurate financial statements form the backbone of successful tax planning. Clean financials don’t only ensure compliance with tax regulations. They also empower business owners to make informed decisions that can significantly impact profitability and growth. Learn how to make sure your financial statements are […]
How to claim the WOTC in New Jersey
The Work Opportunity Tax Credit (WOTC) produces profits you won’t fuggedabout 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 WOTC-eligible new hires, after the employee reaches certain hours-worked milestones. Employers in […]
Arvo integrates with Arcoro to lower construction’s tax liability
Arcoro + Arvo = tax-efficient hiring decisions Some say working hard is the key to success. Others say, “Work smarter, not harder.” Our partner Arcoro understands that you don’t have to choose. They help businesses who work hard work smarter as well. As one of their integration partners, we offer their users top-tier tax credit […]
How to claim the WOTC in Pennsylvania
Make keystone profits in 2024 with the Work Opportunity Tax Credit (WOTC) 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 WOTC-eligible new hires, after the employee reaches certain hours-worked milestones. Employers […]
How do I report my ERTC refund on my tax return?
Your ERTC refund check arrived. Now what? As a result of COVID-era legislation designed to alleviate the negative impacts on American businesses brought about by government shutdowns and other restrictions, thousands of businesses have received or are set to receive tax refunds via the Employee Retention Tax Credit. Because refundable tax credits don’t regularly factor […]
How to claim the WOTC in Tennessee
We volunteer to help your business profit big with the Work Opportunity Tax Credit (WOTC) 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 WOTC-eligible new hires, after the employee reaches certain […]
Arvo Tech soon to offer new products and services via sister company Arvo Advisors
Recent acquisition of two full-service tax and accounting firms sparks expansion In March of 2024, we announced our acquisition of two full-service accounting firms in Ohio, Mark Murphy and Associates of Upper Arlington and Lee and Associates of St. Clairsville. Reintroduced now as Arvo Advisors, our sister company creates exciting new value thanks to each […]
Hire holiday staff smartly with WOTC
The Work Opportunity Tax Credit leaves more presents under the tree Ready or not, the holiday season is just around the corner. For businesses in retail, hospitality, e-commerce, logistics, and more, that means an uptick in sales–and an uptick in hours worked. That’s why many will soon bolster their staff with seasonal employees. Last year, […]
WOTC increases cash flow. Reinvest using these three growth strategies
What could you achieve with 40% increased cash flow? Small business owners are always ready to embrace new opportunities for growth. However, when cash flow stagnates, good ideas can get sidelined in service of more immediate needs. After all, it’s hard to innovate when you’re focused on staying afloat. That’s why claiming the Work Opportunity […]
WOTC creates healthier employees and businesses
The Work Opportunity Tax Credit paves career pathways for SNAP recipients Forty-four million people face food insecurity in the US annually, including one in five children. Maslow’s heirarchy of needs tells us that food access is a basic human need. Therefore, when access to food is threatened, it is difficult for individuals to focus on […]
Only one person in the world is worth more than how much WOTC saved the government in the last decade
The Work Opportunity Tax Credit is estimated to have saved the US over $202 billion since 2014 Since its creation nearly 30 years ago as part of the Small Business Job Creation Act of 1996, the Work Opportunity Tax Credit (WOTC) has benefitted employers, disadvantaged job-seekers, and government agencies. Because it helps those three parties, […]
WOTC levels the playing field for businesses near distressed areas
Job creators for residents of Empowerment Zones and Rural Renewal Counties can claim big tax benefits Various pieces of federal legislation over the past thirty years or so have created special designations for economically distressed communities in both rural and urban places. These designations include Empowerment Zones, Rural Renewal Counties, Enterprise Communities, and more. These […]
What to know about pending Work Opportunity Tax Credits
Gaining certification for WOTC candidates is vital to earning credit. So what do you do when your certification requests get stuck in pending? Smart employers take advantage of the big tax benefits available through the Work Opportunity Tax Credit (WOTC). They understand that by recruiting applicants from WOTC’s nine targeted groups of disadvantaged job-seekers, they […]
WOTC helps returning veterans find and keep employment
Employers who hire veterans gain valuable employees and big tax breaks Veterans commit years of their lives to ensuring security for the civilian lives most of us lead. After discharge, however, they can face unique challenges while re-entering the civilian workforce, despite the valuable skills and characteristics they develop during their service. That may explain […]
IRS announces acceleration on Employee Retention Tax Credit claims
Some “low-risk” claimants should expect checks “soon” Nearly four and a half years since the bill creating the Employee Retention Tax Credit (ERTC) was signed, entitling qualifying American businesses to refundable tax credits for paying employees through COVID shutdowns, the IRS announced this month (on August 8 and August 15) that it is “accelerating” processing […]
Hire TANF recipients to improve your business and community
WOTC breaks the cycle of poverty and improves cash flow by 40% or more People experiencing poverty face significant barriers to obtaining and retaining employment in the United States, regardless of their willingness to work and/or the possession of valuable skills and characteristics. Because of these barriers, poverty is often described as a vicious cycle […]
Is hiring from WOTC target groups discrimination?
Learn why some businesses leave WOTC money on the table due to fear The Work Opportunity Tax Credit (WOTC) has received bi-partisan support in Washington for nearly thirty years due to its success as a win-win-win program, which means it offers significant benefits for the government, businesses, and disadvantaged job-seekers alike. Despite this, some business […]
How to claim the WOTC in New York
The Work Opportunity Tax Credit generates profits fitting for businesses in the Empire State 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 WOTC-eligible new hires, after the employee reaches certain hours-worked […]
Our fees are 100% contingent. Here’s what that means for you.
When you work with us, you’ll know we care, because we have skin in the game too Traditionally, tax service providers performed work on a fee-for-service payment model. Some continue this practice today. Because of this history, you may believe that service providers who work on a contingent-fee model are untrustworthy, or worse–unlawful. This is […]
How to claim the WOTC in Indiana
Hoosier businesses race ahead of the competition with the Work Opportunity Tax Credit 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 WOTC-eligible new hires, after the employee reaches certain hours-worked milestones. […]
Can you trust your WOTC service providers to protect your data?
Cybersecurity is a job Arvo takes seriously, and we have certification to prove it Data security is important for everyone, but especially for business owners. When you hire a tax service provider, you trust them to protect your, your employees’, and your clients’ identity, financial, and other sensitive information. If you share data with irresponsible […]
How to claim the WOTC in Georgia
The Work Opportunity Tax Credit sweetens bottom lines for Georgia businesses 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 WOTC-eligible new hires, after the employee reaches certain hours-worked milestones. Employers in […]
How to claim the WOTC in Florida
Orange you glad the Work Opportunity Tax Credit helps Florida businesses? 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 WOTC-eligible new hires, after the employee reaches certain hours-worked milestones. Employers in […]
WOTC pros gain extra benefits through the Empowerment Zone Credit
The EZ Credit piggy-backs with WOTC, adding an extra layer of profitability for smart businesses Big businesses have long understood the value of the Work Opportunity Tax Credit (WOTC). Now, tech innovations like ours are extending the WOTC to businesses of all sizes, resulting in supercharged profitability, such as 40% boosts in cash flow. Certain […]
How to claim the WOTC in Ohio
We help our fellow Buckeyes get the most from the Work Opportunity Tax Credit 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 WOTC-eligible new hires, after the employee reaches certain hours-worked […]
How much does claiming WOTC cost?
You’ve heard that WOTC can supercharge profitability. Now learn how much it costs. If you’re a business owner or decision maker, you understand that controlling costs is crucial for ensuring profits. And you’re likely well aware of the adage “Time is money.” We understand why your first response after hearing about the transformative potential of […]
How to claim the WOTC in Maryland
Maryland’s state credit match program supercharges WOTC profitability 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 WOTC-eligible new hires, after the employee reaches certain hours-worked milestones. Employers in Maryland received 2.6% […]
WOTC assists nursing homes with hiring and profitability
Learn why the Work Opportunity Tax Credit should be a long-term resident at your facility As America’s population ages, the market for nursing homes is poised for huge growth over the next decade. Of course, this growth will bring with it many new jobs. While that may be good news for job-seekers and business owners, […]
Are my WOTC profits good? This self-audit will tell you
Learn how your Work Opportunity Tax Credit performance measures up Whether you’ve been around the block a few times with the Work Opportunity Tax Credit (WOTC), or you are just beginning to implement it, it’s always worthwhile to assess your program’s performance. After all, optimizing your program can result in profits multiplied more than 600%! […]
WOTC helps home healthcare service providers thrive
The Work Opportunity Tax Credit can rehabilitate your bottom line Few industries will grow as rapidly as home healthcare services in the near future. In fact, the US Bureau of Labor Statistics projected nearly 750,000 jobs will be added to this sector from 2021-2031! If you’re an employer in home healthcare services, this is likely […]
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 lucrative financial benefits. It’s no exaggeration to say that WOTC can transform businesses when used smartly–particularly […]
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 the last five years. From online shopping to social […]
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 Bureau of Labor Statistics reported 5.6 million new hires. In our experience, […]
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 pandemic, you’ve probably been managing two hurdles that don’t seem to be going away […]
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 particularly relevant for staffing firms, or other companies who hire […]
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 people. This is all despite the fact that since the pandemic, […]
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 Opportunity Tax Credit (WOTC) program, her presentation answered questions including: What […]
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 to be going away any time soon: The current and future […]
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 backward across tax years However, you may be asking yourself […]
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 and future shortage of skilled workers. Recruitment and hiring costs. Enter the […]
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 challenge is gaining certification for WOTC-eligible employees via state workforce agencies […]
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. The current and future shortage of skilled workers. Recruitment and hiring costs. Enter the […]
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 cash flow. Many resources exist (such as our WOTC calculator) to help […]
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 to WOTC-eligible new hires, after the employee reaches certain hours-worked milestones. Employers in […]
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 31, 2024. Formerly, third parties were authorized […]
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 WOTC-eligible new hires, after the employee reaches certain hours-worked milestones. Employers in Illinois received 5.32% […]
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 appropriate state workforce agency for each WOTC-eligible employee. We’ve helped hundreds of businesses claim over $650 million […]
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, after the employee reaches certain hours-worked milestones. Employers in Texas received 7.5% of […]
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 calculated as a percentage of wages paid to WOTC-certified new hires. The percentage raises […]
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 as a percentage of wages paid to WOTC-eligible new hires, after the employee reaches certain […]
Arvo Tech Acquires Accounting Firms to Deliver Complete Solution for Helping Small Businesses Manage Finances
Leader in Tax Credit Management Technology Integrates Tax Planning and Prep to Help SMBs Optimize their Finances Columbus, OH – March 12, 2024 – Today, Arvo Tech, creator of the tax strategy solution for small businesses, is announcing the acquisitions of Mark Murphy and Associates and Lee and Associates, full-service accounting firms dedicated to […]
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 businesses harmed by government-ordered shutdowns and restrictions during the COVID pandemic. ERTC payments have helped […]
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 flows by up to 40%. Unfortunately, profits like this are not guaranteed. They are the result […]
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 participating in it effectively includes a learning curve. In this blog, we will […]
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. WOTC is designed to help disadvantaged job seekers find and keep work, and […]
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 while simultaneously making a positive impact on their communities. Financial benefits WOTC offers substantial financial incentives […]
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 businesses break up with their old WOTC […]
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, ex-felons, recipients of certain government assistance programs, and more. Although finding common ground can be a […]
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 it or lose it” credits, and those that can […]
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 more. One strategy top WOTC earners use to maximize their credit is filing […]
Arvo Tech and WurkNow Join Forces to Boost Employment Tax Credits
Reimagined tax tech products reignite promising partnership Columbus, OH, February 15, 2024–Arvo Tech, an upstart employment tax credit vendor, has updated its innovative Work Opportunity Tax Credit (WOTC) products, catalyzing expanded adoption among WurkNow clients. Arvo Tech and WurkNow are poised to deliver millions in tax savings to clients including staffing firms through their seamless […]
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March 20th
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 belong to one of ten federally-designated target groups, including certain veterans, certain individuals with disabilities, […]
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 Opportunity Tax Credit (WOTC)–because WOTC helps them stay ahead of the curve in multiple ways. Here are five […]
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 for the WOTC include veterans, ex-felons, long-term unemployed individuals, recipients of government assistance programs, and […]
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 veterans, recipients of government assistance, ex-felons, residents of certain economically distressed areas, and more. In the competitive […]
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, home healthcare businesses will grow rapidly as well. While this is an […]
Hire a four-star staff for your restaurant with WOTC
The Work Opportunity Tax Credit strengthens workforces and profitability Few industries work as hard or navigate as many challenges as restaurants. High staff turnover rates, seasonal fluctuations in demand, and the ever-present need to control waste are just a few of the challenges successful restaurants manage, all while creating a pleasurable and stress-free experience for […]
Six reasons why staffing firms create more sales with WOTC
What would your clients say if they knew you neglected to hire the most profitable applicants? You’re a staffing firm. Your job is to convince clients that your services offer more value than your competitors’. That’s why smart staffing firms don’t skip the Work Opportunity Tax Credit (WOTC). Here’s six value propositions WOTC creates for […]
Top 10 WOTC Questions Asked
We often have companies that ask questions with regards to their eligibility for WOTC and how to run the program. Please see the questions and answers below: #1 How do I know if my company qualifies for WOTC? Both For-Profit and Non-Profit companies can qualify for WOTC. The key is that you hire employees […]
What do you expect from your WOTC service team?
“Too big to fail” doesn’t apply to the Work Opportunity Tax Credit Today’s B2B marketplace often forces business owners into a dilemma–should you hire a giant, expensive vendor who promises to do it all, or go with the smaller, more specialized vendor who promises a personalized experience? We recognize that many factors contribute to the […]
Twelve crucial WOTC security checks
Is your Work Opportunity Tax Credit provider protecting your data? Now more than ever, it is crucial to ensure that your Work Opportunity Tax Credit (WOTC) vendors use your data only for the purpose of processing WOTC. Many vendors offer other services such as credit bureaus, payroll services, and more. You must take specific steps […]
The #1 WOTC mistake businesses make (and how to avoid it)
Don’t let screening rates sink your WOTC ship We often hear stories from our clients about their experiences with other WOTC providers—stories that highlight the high costs of unreliable or ineffective screening tools. One client shared how their previous WOTC provider had a low screening rate. They’d miss eligible candidates simply because the […]
Top Factor that will prevent Work Opportunity Tax Credit Success
Implementing a Work Opportunity Tax Credit (WOTC) program can bring substantial financial benefits to businesses. However, the success of such a program hinges on 1 key factor…effective communication and employee awareness. Without clear and comprehensive communication, employees may remain uninformed about the program’s purpose, eligibility criteria, and potential tax credits. Today we will explore […]
Arvo Tech Study Finds 6 in 10 SMBs Took Advantage of Tax Incentive Programs in 2022, Up 14 Percent YoY
This year has been a turbulent time for business owners, with inflation, rising interest rates and a volatile economy. To combat losses and help support growth, more small and mid-sized businesses (SMBs) participated in federal and state incentive programs this year, according to a new study from Arvo Tech, the leading technology platform that helps […]
Unlocking Success: 5 Key Strategies for Small Businesses
Running a small business can be both challenging and rewarding. To achieve long-term success, small businesses must navigate a competitive landscape while maximizing their strengths. Today we’ll explore five key strategies that can help small businesses thrive and overcome common hurdles on the path to success. #1 Clear Vision and Goals: Having a clear […]
The Power of Happiness: Fueling Employee Engagement and Retention for WOTC Success
The key to maximizing WOTC has a direct correlation to employee retention. In today’s competitive business landscape, attracting and retaining talented employees is essential for organizational and WOTC success. While various factors contribute to employee engagement and retention, one powerful catalyst often overlooked is happiness. When employees feel genuinely happy in their work environment, […]
Gamifying Your WOTC Program: Boosting Engagement and Maximizing Results
Implementing the Work Opportunity Tax Credit (WOTC) program can bring significant benefits to your organization, both financially and in terms of talent acquisition. To further enhance employee engagement and participation in the WOTC program, incorporating gamification elements can be a game-changer. Today we’ll explore how gamification can make your WOTC program more engaging, motivating, […]
Five Ways the Work Opportunity Tax Credit (WOTC) Can Improve Your Business
Every business aims to maximize its financial performance and create a thriving workplace environment. One way to achieve these goals is by taking advantage of the Work Opportunity Tax Credit (WOTC) program. WOTC offers valuable benefits to businesses that actively hire individuals from specific target groups facing employment barriers. Let’s explore how implementing WOTC can […]
How WOTC Can Help ATS’s Gain More Clients
As an ATS (Applicant Tracking System) vendor, integrating WOTC (Work Opportunity Tax Credit) functionality into your platform can offer several benefits that can help you attract and gain more clients. Here are several ways WOTC can help: Cost Savings for Clients: By integrating WOTC into your ATS, you can help your clients save money. WOTC […]
3 Strategies to Help Candidates Complete the WOTC Survey
Getting candidates to complete the WOTC (Work Opportunity Tax Credit) form can be crucial in maximizing the potential benefits for employers. Here are three key strategies to encourage candidates to complete the WOTC form: Clear Communication and Education: Explain the Purpose and Benefits: Clearly communicate to candidates the purpose and benefits of completing the WOTC […]
Certified WOTC Credit vs. Potential Credit: Understanding the Difference
The Work Opportunity Tax Credit (WOTC) program provides valuable tax incentives to employers who hire individuals from specific target groups. When participating in WOTC, it is essential to understand the difference between a certified WOTC credit and a potential credit waiting on the state workforce agency’s determination. Today we will explore the distinction between […]
Electronic vs. Paper: The Difference in Screening for WOTC
Screening for Work Opportunity Tax Credits (WOTC) is a critical step in identifying eligible candidates and maximizing your tax savings. When it comes to WOTC screening, you have the option to choose between electronic screening or traditional paper forms. Today we will explore the key differences between electronic and paper screening methods and highlight the […]
The Crucial Importance of Screening for WOTC Before Employee Hire Date
The Work Opportunity Tax Credit (WOTC) program offers valuable tax incentives to employers who hire individuals from specific target groups. To take full advantage of this program and maximize your tax savings, it is crucial to implement a comprehensive screening process for WOTC eligibility on or before the employees’ hire date. Let’s explore why […]
Converting Candidates into Valuable Employees: Three Winning Strategies
Hiring the right candidates is only the first step in building a successful team. To truly capitalize on their potential, it’s crucial to convert candidates into engaged and committed employees. We will explore three effective strategies that can help you seamlessly transition candidates from the hiring process to becoming valuable contributors within your organization. […]
Maneuvering the Hiring Challenges in the Post-“Great Resignation” Era
The recent phenomenon dubbed the “Great Resignation” has sent shockwaves through the employment landscape. As workers reassess their priorities and seek new opportunities, employers face unique hiring challenges. We will explore the aftermath of the Great Resignation and provide insights on how businesses can navigate the hiring landscape in this evolving environment. Increased Competition […]
Drive WOTC Results through Friendly Competition: Ignite Your Team’s Potential!
Are you looking for a powerful strategy to boost the results of your Work Opportunity Tax Credit (WOTC) program? Look no further! In this competitive world, harnessing the power of friendly competition can provide the spark your team needs to excel in capturing WOTC benefits. By infusing a spirit of rivalry, collaboration, and motivation, you […]
Navigating the Hiring Landscape During a Recession or Down Economy
In times of economic recession or downturn, the hiring landscape undergoes significant shifts. Businesses face unique challenges, and hiring decisions become more critical than ever. We will explore the interplay between a recession or down economy and hiring, uncover the key considerations for employers, and provide strategies to navigate this challenging terrain effectively. Decreased Hiring […]
Job Seekers: Discover the Work Opportunity Tax Credit (WOTC) Program to Increase Your Job Chances
Attention, job seekers! Are you aware that certain employers are offered enticing tax incentives for hiring individuals like you? In today’s competitive job market, it’s essential to explore all avenues to stand out and find the right opportunities. One such avenue is the Work Opportunity Tax Credit (WOTC) program, which not only connects job seekers […]
Does Your WOTC Program Need a Tune Up?
The Work Opportunity Tax Credit (WOTC) program has long been a valuable tool for businesses to incentivize the hiring of individuals from specific target populations. By providing tax credits to employers who hire and retain eligible individuals, the WOTC program promotes workforce diversity, inclusion, and economic growth. However, like any program, it may require periodic […]
Get Optimum WOTC Results with Arvo’s 3 x 5 Strategy
As employees are asked to do even more, many times managing your WOTC program can be often forgotten amongst their other responsibilities. At Arvo, our goal is to ensure that you operationalize WOTC where it becomes 2nd nature and part of your standard operating procedures. To do this, we offer a simple, yet very […]
3 TIPS TO IMPROVE YOUR WOTC ELIGIBILITY AT YOUR STAFFING FIRM
At Arvo, our clients understand that one of the keyways to increase your WOTC credits is to increase the number of WOTC eligible employees you hire. To do this, you can’t just depend on eligible candidates walking through your doors. In this blog post we want to give you 3 tips you can immediately […]
Choosing the Right WOTC Vendor for Your Company
When evaluating and selecting WOTC (Work Opportunity Tax Credit) vendors, there are several factors to consider to ensure you make the right choice. Here are some key indicators to help you determine if a WOTC vendor is the right fit for your organization: Experience and expertise: Look for vendors with a solid track record in […]
Does Your WOTC Vendor Have a SOC 2 Compliance Certification to Protect Your Data?
With WOTC one of the necessary items to execute a program is payroll information along with candidate information. With the increased cyber security attacks it imperative that your WOTC vendor have a strong commitment to protecting your data. One effective way to achieve this is by obtaining SOC 2 compliance which is what we at […]
The Importance of Goal Setting or Maximizing WOTC Success
When it comes to taking full advantage of the Work Opportunity Tax Credit (WOTC), goal setting plays a crucial role. By setting clear and specific goals, organizations can ensure they are effectively utilizing the available credits and taking the necessary steps to achieve desired outcomes. In this blog post, we will explore why goal setting […]
Educate Your Team for Maximum WOTC Results
The Work Opportunity Tax Credit (WOTC) program presents a tremendous opportunity for businesses to reduce their tax liability by hiring individuals from specific target groups. However, to achieve the best possible results from WOTC, it is crucial to educate your team about the program and empower them with the knowledge to identify and capture eligible […]
Maximizing Your WOTC Credits: The Role of a WOTC Vendor’s Customer Service
As a business owner or HR professional, you may have heard about the Work Opportunity Tax Credit (WOTC) program, a federal tax credit program that rewards employers for hiring individuals from specific target groups. But how can you ensure you’re taking full advantage of this program and maximizing your WOTC credits? That’s where the customer […]
Arvo Tech Announced as Employment Tax Credit Provider for Gusto, Leader in Payroll, Benefits, and HR
Leader in Employment Tax Credit Technology Integrates to Help Raise Awareness Around Employment-Based Tax Credits COLUMBUS, Ohio, Aug. 23, 2023 /PRNewswire-PRWeb/ — Today, Arvo Tech, the platform that helps employers transform cashflow by simplifying access to employment tax credit opportunities, is announcing that they are the exclusive employment tax credit provider for Gusto, an integrated […]
Arvo Tech Integrates with Leading ATS and Recruitment Software Provider Bullhorn
At Arvo, we are very excited about our newest integration which is with Bullhorn as their first blueprint WOTC and Tax Credits automation integration. In selecting Bullhorn as an integration partner, we took in several key factors when making the decision: Expertise & Experience Compatibility & Scalability Robust Integration Capabilities Reliability & Security Strong Communication […]
Why Arvo Tech Makes a Great Integration Partner
When selecting an integration partner for your business, several key factors should be considered. These factors will help ensure a successful and seamless integration process. Here are some essential elements to look for in an integration partner: Expertise and Experience: Choose an integration partner that has a proven track record of expertise and experience in […]
Unlock Tax Benefits: A Step-by-Step Guide to Claiming the Work Opportunity Tax Credit
As a business owner, you have the power to make a positive impact by hiring individuals from targeted groups and contributing to a more inclusive workforce. The Work Opportunity Tax Credit (WOTC) program not only promotes diversity but also offers significant tax benefits for employers. In this blog, we’ll walk you through the process of […]
New Form I 9; Notice Published Allowing E Verify Employers to Remotely Examine Form I 9 Documents
As a client of Arvo, we want to keep you in the know. As you may or may not know the USCIS created a new version of Form I-9 which also allows I for you to participate in the remote examination of Form I-9 documents. See below from the U.S. Citizenship and Immigration Services website: […]
How WOTC Benefits the Vocational Rehabilitation Category
Opening Doors to Success: How WOTC Benefits Vocational Rehabilitation In our quest for a more inclusive society, it’s crucial to create equal opportunities for individuals in vocational rehabilitation. These individuals, who may face challenges due to disabilities or other circumstances, possess unique talents and capabilities that can greatly contribute to the workforce. Enter the Work […]
Unlocking Opportunities: How the WOTC Benefits the SSI Target Group
In today’s world, equal employment opportunities are crucial to creating a more inclusive society. For individuals who are part of the Supplemental Security Income (SSI) target group, finding employment can be challenging due to disabilities or other circumstances. However, the Work Opportunity Tax Credit (WOTC) program provides a lifeline, offering significant benefits to both employers […]
Unlocking Second Chances: The Significance of the Work Opportunity Tax Credit for Ex-Felons
Reintegrating into society after incarceration can be a difficult journey for individuals with criminal records. To support their successful reentry and reduce recidivism rates, programs like the Work Opportunity Tax Credit (WOTC) offer a way and hope. Let’s explore the significance of WOTC for ex-felons, highlighting how it can create employment opportunities and foster their […]
3 Strategies for Recruiting Work Opportunity Tax Credit-Eligible Candidates
As employers, we have the opportunity to make a positive impact not only within our organizations but also in the lives of individuals from diverse backgrounds. The Work Opportunity Tax Credit (WOTC) provides a valuable incentive for hiring individuals from target groups such as veterans, individuals receiving public assistance, and ex-felons. Here are three effective […]
Maximizing the Work Opportunity Tax Credit: The Importance of Applicant Tracking System Integration
As employers strive to maximize their recruitment efforts and tap into available tax incentives, integrating with an Applicant Tracking System (ATS) becomes crucial. This is especially true when it comes to harnessing the benefits of the Work Opportunity Tax Credit (WOTC). In this article, we will explore the significance of integrating WOTC with your ATS […]
Why WOTC Employees are More Profitable and Excel in the Workplace for Employers
Hiring and retaining productive employees is crucial for any business’s success. The Work Opportunity Tax Credit (WOTC) program offers more than just tax incentives to employers. We will explore why WOTC employees have been shown to be more profitable than non-WOTC employees, and how leveraging this program can benefit businesses in multiple ways. Enhanced Skill […]
Why Targeting WOTC-Eligible Employees Should be Your Strategy in a Tight Labor Market
In a tight labor market where finding qualified candidates is a challenge, employers must adopt innovative strategies to gain a competitive edge. One such strategy is targeting WOTC-eligible employees—individuals from specific target groups who face barriers to employment. We will explore why focusing on WOTC-eligible employees should be your strategy in a tight labor market […]
Maximizing Benefits: How Payroll Integration Enhances Your Work Opportunity Tax Credit (WOTC) Program
Are you taking full advantage of your Work Opportunity Tax Credit (WOTC) program? If not, it’s time to explore how integrating your payroll system can boost the effectiveness and efficiency of your WOTC program. Here’s how having a payroll integration can benefit your WOTC program: 1. Streamlined Eligibility Verification Integrating your payroll system with WOTC […]
Mental Health Impact of Business Owners and Leadership of an Organization
Mental health has become an epidemic in the business world ever since COVID hit. It doesn’t just impact employees of an organization, but can have a significant impact on its business owners and leaders. When determining whether or not you are being impacted, here are a few key areas to review: Decision-Making and Problem-Solving Mental […]
The Benefits of Small Businesses Participating in the Work Opportunity Tax Credit Program
Small businesses are the backbone of our economy, driving innovation, creating jobs, and fostering local communities. In an effort to support these enterprises and promote equal employment opportunities, the Work Opportunity Tax Credit (WOTC) program offers a range of benefits. By participating in the WOTC program, small businesses can not only save on their tax […]
The Key to Maximizing WOTC: Retention Strategies for Your Workforce
Retaining employees is not only essential for maximizing your work opportunity tax credits, but for your long-term success and stability of your organization. Here are some effective strategies to help retain your employees: Competitive Compensation Ensure that your employees are fairly compensated for their skills, responsibilities, and market value. Regularly review and adjust their salaries […]
Mental Health and Its Impact on Employee Retention
The working world is facing an epidemic that centers around mental health. Mental health can play a significant role in employee retention, work productivity, and the overall culture of your company. Most organizations overlook this factor when determining why employees turnover as well as the health of their organization. To investigate the impact of mental […]
Maximizing WOTC: 120 Hours vs 400 Hours
The Work Opportunity Tax Credit, or WOTC, is a federal tax credit available to businesses hiring individuals from targeted groups who consistently face barriers to employment. There are many reasons to participate in WOTC – it benefits workers by increasing access to good jobs, it benefits companies by increasing workplace diversity, and it benefits employers […]
From Unemployment to Success: How the Work Opportunity Tax Credit Benefits Everyone
The Work Opportunity Tax Credit (WOTC) is a federal tax credit that encourages employers to hire individuals from targeted groups who may face barriers to employment. The program provides a tax credit to employers who hire individuals from targeted groups, such as veterans, ex-felons, long-term unemployed individuals, and individuals with disabilities. In this article, we […]
Importance of Your WOTC Vendor Having a State Workforce Agency Liaison Team
As a business owner, you are always looking for ways to maximize your profits while minimizing expenses. One of the most effective ways to do this is to take advantage of tax credits offered by the government. The Work Opportunity Tax Credit (WOTC) is one such credit that can significantly reduce your tax liability, increasing […]
The Smart Employer’s Guide to Unlocking WOTC Tax Savings
Are you looking for a way to reduce your tax bill and save money on your company’s bottom line? If so, you may be interested in the Work Opportunity Tax Credit (WOTC). This tax credit is available to companies that hire employees from specific groups and can provide significant savings on your tax bill. In […]
WOTC Credits Continue to Grow Year-After-Year
The Work Opportunity Tax Credit (WOTC) is a federal tax credit designed to encourage businesses to hire individuals who face significant barriers to employment. These barriers can include being a veteran, ex-felon, receiving certain types of public assistance, or having a disability. WOTC has been in existence since the mid-1990s, and it has been growing […]
Maximizing Social Impact: The Work Opportunity Tax Credit for Non-Profits
Non-profit organizations play a vital role in addressing societal needs and promoting social welfare. To further their missions, non-profits can leverage various resources, including financial incentives like the Work Opportunity Tax Credit (WOTC). In this blog post, we will explore how non-profit organizations can harness the power of the WOTC to maximize their social impact […]
Unlocking Opportunities: The Significance of the Work Opportunity Tax Credit for Veterans
As a nation, we owe a debt of gratitude to the men and women who have served in the armed forces. Beyond expressing our gratitude, it is essential to provide tangible support to our veterans as they transition into civilian life. One valuable tool in this endeavor is the Work Opportunity Tax Credit (WOTC). In […]
Debunking the 5 Myths of the Work Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is a federal tax credit designed to incentivize employers to hire individuals from certain target groups facing barriers to employment. Despite its potential benefits, there are several misconceptions surrounding WOTC. In this blog post, we aim to debunk these myths and shed light on the true nature of the […]
The Empowerment Zone Credit: Unlocking Growth Opportunities for Businesses
In the realm of tax credits, the Empowerment Zone Credit stands out as a powerful incentive that not only benefits businesses but also empowers communities. Designed to stimulate economic development and job creation in designated distressed areas, this credit offers a unique opportunity for businesses to make a positive impact while enjoying significant tax savings. […]
Columbus fintech firm helps small, medium businesses claim tax credits
A Columbus fintech company quadrupled revenue since the creation of a pandemic-related tax credit that it helps employers claim.
