Tax Credits

Improve Your Bottom Line and Community with WOTC

Improve Your Bottom Line and Community with WOTC

The federal Work Opportunity Tax Credit (WOTC) program can generate your organization savings of up to $9,600 per qualified candidate, which can be a boost to the bottom lines of employers who are actively hiring. According to the U.S. Department of Labor, about $1 billion in tax credits are claimed through the WOTC program annually.…

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Can Your Unpaid Taxes Affect Your Business Travel?

It’s time to think FAST. The Fixing America’s Surface Transportation Act, that is. In March, the FACT Act came into effect, seeking to remedy the IRS’s situation with unpaid federal taxes, as well as interest and penalties. The FAST Act applies to those with taxes owed in excess of $50,000—otherwise known as “seriously delinquent taxpayers”—…

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Here Is Some New Light Shed On The PATH Act

In 2015, the Protecting Americans from Tax Hikes Act was passed, otherwise known as the PATH Act. The PATH Act was seemingly self-explanatory, as it aimed to guard Americans from enduring pricey tax hikes. However, there were many parts that left Americans confused, and like many bills passed in recent years it’s a work in…

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The Benefits of the WOTC For Small Businesses

There are many underutilized government incentives available for small businesses—from healthcare to gender to scope of work. These credits aim to help small businesses thrive while improving the economy and employment of workers as a whole. One of which is the Work Opportunity Tax Credit (WOTC), a credit provided to businesses for the employment of…

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