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...
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...
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...
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...
How the Work Opportunity Tax Credit Can Make a Positive Impact on Your Community
In today’s world, creating job opportunities and promoting economic growth are crucial for building thriving communities. One powerful tool that can help achieve these goals is the Work Opportunity Tax Credit (WOTC). WOTC is a federal tax credit program designed...
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,...
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...
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...
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...
The IRS will focus its efforts on ERTC claims; here’s how to protect your business.
There have been two significant developments over the last quarter which employers claiming the Employee Retention Tax Credit (ERTC) should take note of: 1. On August 16, 2022, the Inflation Reduction Act of 2022 became law. The Internal Revenue Service received...
What Is the FICA Tip Credit? Five Things for Restaurants to Know About an Often-Missed Tax Credit!
Arvo Featured in Columbus Business First!
Tax Credit Resources for Your Business
Plain and simple, some of the world’s best tax credit providers still fail to provide their clients with in-depth information on how to optimize their tax credits – resulting in missed opportunities and major money. Other providers fall into a cookie-cutter category,...
Work Opportunity Target Groups Guide
WOTC Hiring from Targeted Groups The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring individuals from certain targeted groups who have consistently faced significant barriers to employment. WOTC joins other workforce...
Arvo Launches New Tax Credit Tool to Help Businesses Instantly Determine Employment Tax Credits
Leading Technology Tax Platform Delivers Easy-to-Use Calculator to Ensure Companies Aren’t Missing Out on Big Tax Savings Our goal is to help businesses simplify access to the tax savings for which they are owed and our new tool is a great way for them to quickly...
Understanding Your State’s WOTC Program
The Work Opportunity Tax Credit is a federal tax credit program for employers who hire eligible individuals from identified target groups who may have return-to-work barriers. However, it starts at the State level, so let’s take a look at understanding your state’s...
Implications of the Work Opportunity Tax Credit and Labor Market
WOTC Implications and the Labor Market Virtually all industries that rely on manual labor have experienced significant labor shortage issues. Clarus Solutions’ Brent Johnson discusses how business owners can use the Work Opportunity Tax Credit when hiring new...
Tips To Help Small Business Owners Better Understand and Maximize the Employee Retention Tax Credit
The Employee Retention Credit Our company recently conducted a survey of 500 business decision-makers and found that nearly half (44 percent) of businesses haven’t participated in any incentive programs beyond PPP because they don’t know if their company qualifies. In...