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,...
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...
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...
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...
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...
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...
Did you know that around 20% of U.S. employees qualify for WOTC tax credits, but don’t even know it? If you are a business owner, this is great news for you! The credits you can claim range from $1,200 to $9,600, depending on worker category, number of hours worked,...
There’s still time for operators to claim this credit. Early on in the pandemic, restaurants struggling in the wake of government shut-downs and social distancing orders eagerly took advantage of the Payment Protection Program (PPP) for much-needed cash flow. The...