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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
