Posts Tagged ‘Work Opportunity Tax Credit (WOTC)’

IRS Issues WOTC Deadline Extension in Hurricanes Aftermath

IRS Issues WOTC Deadline Extension in Hurricanes Aftermath

This year’s hurricane season was a traumatic one, especially for those in the southern Atlantic region. Florida, Georgia, North Carolina, South Carolina, and Virginia were all hit with monster storms. In the aftermath of Hurricane Florence and Michael, the IRS has granted tax relief for Work Opportunity Tax Credit (WOTC) certification requests. For those affected…

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Honor Military Veterans By Hiring Them

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Veteran’s Day is a time to take stock of how fortunate we are to live in a country with extensive freedoms, and how fortunate we are to have brave men and women who, generation after generation, step forward to willingly put their lives on the line to protect those freedoms for all of us. While…

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Nevada’s WOTC Process Goes Electronic

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Good news from the state of Nevada for employers anxious to hire and get paid for doing it. The state has taken the initiative to improve its process for handling the federal Work Opportunity Tax Credit (WOTC), which provides tax incentives for employers to hire from specific groups of individuals targeted by the federal program,…

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Claim More Tax Credits with WOTC Program

Claim More Tax Credits with WOTC Program

The Work Opportunity Tax Credit (WOTC) program has sometimes been viewed with a negative stigma. The reality is that candidates eligible for the WOTC certification are hired every day to work in most industries, ranging from restaurants to retail to banking. It’s also true that one in five job candidates are eligible for WOTC certification.…

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WOTC Capture Just Got Easier for Texas, Nevada, and Delaware

The Work-Opportunity Tax Credit (WOTC) is a credit that many employers should be capturing if they aren’t already doing so. Employers can receive credits for hiring and retaining candidates from specific target groups, such as convicted felons, veterans, and those on government assistance programs such as Supplemental Security Income (SSI). The process for obtaining WOTC…

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DOL Gives Businesses Second Opportunity For WOTC Job Tax Credits

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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…

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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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