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Blog

  • Alternative Motor Vehicle Tax Credits

    When it comes to running a business, especially one that relies on transportation, it’s important that you take every advantage you can. It can be financially painful to purchase a new work vehicle every five to ten years and even more painful if you need to purchase more than one vehicle. Luckily, the IRS gives […] Read more

  • How Spring Cleaning and Tax Deductions Go Hand In Hand

    It’s springtime and for many people, that means spring cleaning. However, spring cleaning should not just be for your home, you should also think about extending it to your business. It’s tough to admit that the inventory that’s been gathering dust on your shelf is never going to sell, or the old business equipment that […] Read more

  • The Difference Between a Tax Credit and a Tax Write-Off / Deduction

    For non-tax people, it can be easy to consider a tax credit and a tax write-off to be one and the same. After all, both of them offer benefits on your taxes, ideally in the form of you paying less. In other words, they’re both good. But to a tax professional, they are actually different […] Read more

  • Public Aid Recipients

    The Work Opportunity Tax Credit (WOTC) is awarded to employers for hiring from ten target groups. Some of the most commonly certified (WOTC) groups are recipients of federal public aid, such as food stamps, family assistance (TANF) or social security. Chances are you’ve hired someone in this category without ever knowing it. Over 19 million […] Read more

  • Veteran Hiring Credits

    Do you know a military veteran in search of a job? When you recruit from this group, you bring jobs to the the men and women who have protected our country. Not only can your hiring practices benefit military veterans in need of work. You could also qualify for the federal Work Opportunity Tax Credit […] Read more

  • Tax Relief for Hurricane Michael & Florence

    Do you operate in an area affected by last year’s hurricanes? Do you hire persons in impacted areas? If so, your business may have extra time to submit Work Opportunity Tax Credit (WOTC) applications. Under typical circumstances, WOTC program participants have 28 days from new hires’ start dates to apply for the Work Opportunity Tax […] Read more

  • President Signs Disaster Tax Relief Bill

      In the last three months, US residents were devastated and are now faced with recovering from the impact of Hurricanes Harvey, Irma, and Maria, with Harvey being one of the most powerful in recent history. As we all know after such devastation, it is vital to a community to get back to operational as […] Read more

  • SNAP Recipients

    Recently, we wrote an article, outlining the nine Work Opportunity Tax Credit (WOTC) target groups.  Here we’ll be focusing on one of the higher volume target groups, SNAP or what was formerly known as food stamp beneficiaries.  SNAP participants can qualify your company for as much as $2400 per eligible hire. The requirements to qualify are twofold: Candidates […] Read more

  • WOTC Target Groups

    Recently we’ve heard from a quite a few people that said they don’t participate in the Work Opportunity Tax Credit Program (WOTC) because they “don’t hire people that would qualify.”  More often than not, after a brief discussion, we were able to discover that they did hire qualified employees.  We’re not sure where the misunderstandings […] Read more

  • The 2015/2016 Transitional Relief Opportunity Has Been Extended

    A few months back we shared with you here, that the Federal Government announced their renewal of the Work Opportunity Tax Credit Program. (WOTC) for 2015 through 2019 and that is really great news! The renewal also included a temporary Transitional Relief period that allows you to go back and submit all employees you hired […] Read more

  • Don’t Avoid 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 […] Read more

  • Don’t Miss This Last Chance to Earn 2015 Tax Credits

    The Federal Government recently announced their renewal of the Work Opportunity Tax Credit Program. (WOTC) for 2015 through 2019 and that is really great news! The WOTC program experienced some challenges in 2015 stemming from the late December renewal.  Although the renewal was retroactive, it created a hardship for employers seeking to take advantage of […] Read more

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  • Are Today’s Youth HR’s Best Kept Secret?

    Progressive companies seem to have cracked the code of hiring teenage help and leveraging those employees as strategic assets. More specifically 16-17 year olds for seasonal help. It’s true that there is a certain unflattering stigma associated with teenage employees, but it doesn’t mean that you should overlook this segment of the workforce.  In fact, […] Read more

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  • 5-year WOTC Extension Announced

    It’s official! The Work Opportunity Tax Credit (WOTC) program has been renewed for five years (2015 – 2019).  Last week, Congress voted to extend the WOTC program as part of the Tax Extenders legislation, and received the President’s official signature of approval on December 19th. This renewal is especially exciting as it is the first time […] Read more

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  • WOTC Renewal Update

    The Work Opportunity Tax Credit (WOTC) program scored a big victory this week. On 7/21/15, the Senate Finance Committee voted 23-3 to pass a two-year extension of this important program. This means that the bill is now ready for a full Senate vote. Although this is only the first step,  the near-unanimous support for WOTC […] Read more

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