Posts Tagged ‘IRS Form 8850’

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).  Employers can earn up to $9,600 in federal tax credits, per employee, just by hiring individuals from target groups that consistently faced barriers to employment. Below are five pieces of information to help your organization get started…

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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 oftentimes 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 you…

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WOTC Survives Tax Reform Legislation

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There were many changes to tax law in the recent tax reform legislation passed by Congress in December 2017. 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 Employment…

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