Honoring Veterans with Meaningful Employment and Raising Your Work Opportunity Tax Credit (WOTC)
As we approach the celebration of our nation’s birth this July, let’s take a moment to reflect on the immense sacrifices and contributions of our service members. When veterans transition from military service to civilian life, they often seek new opportunities in the workforce. Hiring these highly skilled and dedicated individuals is not only a…
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Why Employers Should Consider Hiring Persons with Disabilities
Companies often miss hiring amazing employees because of unfounded fears associated with hiring persons with disabilities. Many major corporations have found tremendous success and benefits by hiring from a talent pool that most shy away from. Here we’d like to help ease your fears by proving that most of them are truly myths. Hiring persons…
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Research and Development Tax Credit for Small Businesses
What is the Research and Development (R&D) Tax Credit? The R&D Tax Credit is a federal incentive that allows companies to reduce income tax liability for performing activities related to the development, design, or improvement of products, processes, formulas, or software. Over 65 industries are eligible to claim the Research and Development Tax Credit by…
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How to File a WOTC Certification Request
How to File a WOTC Certification Request To verify whether a job applicant is a first-time, qualifying member of a targeted group, employers are required to submit IRS Form 8850 together with ETA Form 9061 or ETA Form 9062 to the state workforce agency in which the employer’s business is located (where the employee works)…
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Understanding Work Opportunity Tax Credit (WOTC) Screening
The Work Opportunity Tax Credit (WOTC) Program is a federal tax incentive program that was designed to encourage employers to hire individuals who have historically faced barriers to employment. Each qualified new employee generally entitles you to a tax credit of either 25% or 40% of the first $6,000 in wages earned during the certified…
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Work Opportunity Tax Credit Questionnaire
Work Opportunity Tax Credit Questionnaire The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to employers for hiring and employing individuals from certain targeted groups who have historically faced significant barriers to employment. Work Opportunity Tax Credit certification and screening process A Work Opportunity Tax Credit questionnaire can be used to identify…
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