Posts Tagged ‘Department of Labor (DOL)’

Congress Approves Budget Renewing WOTC for 2020

In the twilight amidst another government shutdown, Congress has signed and passed the budget for 2020. Amongst some of the provisions are an extension of the Work Opportunity Tax Credit (WOTC) program through December 31, 2020. With the WOTC program renewed December 31, 2020, employers will be able to administer the program and earn up…

Read More

2018 WOTC Statistics Demonstrate Benefits to Employers

2018 WOTC Statistics Demonstrate Benefits to Employers

The U.S. Department of Labor (DOL) has issued statistics for 2018 that highlight how much employers can benefit from participating in the federal Work Opportunity Tax Credit (WOTC) program. According to the DOL, employers in 2018 obtained 2.2 million WOTC certifications. This represents billions of dollars in federal tax credits. Employers particularly benefited from hiring…

Read More

Legislation Proposes Extending WOTC 

Legislation Proposes Extending WOTC

Congress is considering bills that would again extend the Work Opportunity Tax Credit (WOTC) through December 31, 2020. The U.S. House of Representatives is considering bill H.R. 3301, which extends several expired or expiring tax breaks through 2020, including WOTC. U.S. Senate bill S. 978 and House bill H.R. 2213. also have been introduced in…

Read More

Hire Vets Through WOTC

Hire Vets Through WOTC

The HIRE Vets Medallion Program is an award from the U.S. Secretary of Labor that recognizes employer efforts to recruit, employ, and retain veterans. Employers can apply for the HIRE Vets Medallion Award as of January 31, 2019 and stand out for their employment practices. Additionally, employers can reap the benefits of tax incentives generated…

Read More

Start Using WOTC to Help Your Business

Start Using WOTC to Help Your Business

Over $1 billion in tax credits are claimed annually through the federal Work Opportunity Tax Credit program (WOTC). Through WOTC, run by the U.S. Department of Labor (DOL), federal tax credits of up to $9,600 per employee are available to employers for hiring individuals from target groups that consistently faced barriers to employment. Below are…

Read More

Federal Agencies to Crack Down on Employers Using Foreign Hires

AdobeStock_125167735_800px.jpg

The U.S. Department of Labor (DOL) has issued a press release disclosing the recently formed interagency partnership between the U.S. Department of Justice (DOJ) Civil Rights Division Immigrant and Employee Rights Section (IER) and the DOL’s Employment and Training Administration, Office of Foreign Labor Certification (OFLC) to stop discrimination against U.S. workers and to help…

Read More

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.…

Read More

DOL’s PAID Extended for 6 Months

DOL’s PAID Extended for 6 Months

U.S. Department of Labor has extended the Payroll Audit Independent Determination (PAID) pilot program for another six months. The program, which launched in March and was scheduled to conclude last month, will now be extended until April 2019, in hopes of drawing greater participation. The PAID pilot program allows an employer to review Wage and…

Read More

DOL Gives Businesses Second Opportunity For WOTC Job Tax Credits

tax credits_800px

The U.S. Department of Labor (DOL) has rethought its stance on Work Opportunity Tax Credit (WOTC) applications submitted in 2014 through 2016 that were rejected for WOTC certification by State Work Agencies (SWAs). The DOL, in Training and Employment Guidance Letter No. 07-17, said that the Social Security Administration (SSA) would be re-evaluating Target Group…

Read More

Use Automated HR to Capitalize on WOTC Employment Tax Credits

Use Automated HR to Capitalize on WOTC Employment Tax Credits

The hiring and onboarding of an employee is often times a time-consuming process for both applicants and employers. Tax-credit screening, document collection, background checks, and employment verification, are all components that take up a lot of time, but they don’t have to with today’s technology. Moving to an automated HR process for onboarding will save…

Read More

WOTC Survives Tax Reform Legislation

18.0320_wotc

There were many changes to tax law in the recent tax reform legislation passed by Congress in December last year. One important program remained untouched, however, the Work Opportunity Tax Credit (WOTC), which will remain in place until at least the end of 2019. The WOTC is a voluntary federal tax credit administered by the…

Read More

U.S. DOL Provides New Guidance on Interns

18.0121_intern

Internships can provide valuable working experiences for college and high school students. Talented students serving as interns can also bring enthusiasm and savvy insights into your workplace, particularly as some of us grapple with ever-evolving technology that young people seem to be facile with well before adults. However, it’s important to remember that students serving…

Read More

New North Carolina Law Reminder to Avoid Worker Misclassification

18.0105_misclassi

On December 31, 2017, the North Carolina Employee Fair Classification Act (EFCA) took effect. The new law allows for heightened investigations into those employers that are allegedly misclassifying their workers as independent contractors rather than as employees. The law allows workers to report potential job misclassification cases to a new division within the North Carolina…

Read More

DOL Calls For Public Comments on Overtime Rule

Is DOL Overtime Rule Heading into a Ditch?

The U.S. Department of Labor’s prior attempt to change overtime regulations for salaried employees is taking a turn under the Trump administration. The DOL’s proposed overtime regulation under the Obama administration last year had suggested that workers with a $47,476 salary or lower would be eligible for overtime pay under federal wage laws. That salary…

Read More