2014 WOTC Tax Credits Still Available
The WOTC program experienced some unique challenges in 2014 stemming from the late December renewal. Although the renewal was retroactive, it created a hardship for employers seeking to take advantage of these lucrative tax credits. The IRS recently announced Notice 2015-13, which will provide some much needed relief for employers seeking WOTC credits from 2014.…
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Long Term Unemployed Could Become A Part of WOTC
There are two proposed modifications to WOTC that could be invaluable for employers across the country. The first proposal is to add Long Term Unemployed as a target group, and the second is to make WOTC a permanent establishment rather than requiring annual renewal. Senior NJ Democrat Bill Pascrell and NY Republican Tom Reed have…
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Why Military Veterans Make Great Employees
It’s no secret the military veterans are prized employees, but have you thought about just how valuable they can be? 1. They have some of the best training in the world. Their job calls for operating all sorts of equipment and cutting-edge technology sometimes on a moment’s notice. With this practice, they have adaptability to quickly learn new…
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WOTC Update for 2014 Taxes
As most of you are probably already aware, the WOTC program was in hiatus from January until mid-December 2014. Therefore, the WOTC certifications are backlogged and many states are anticipating delays past April 15th. Some areas could see backlogs as late as August. Given the circumstances, most of you will have a couple options to…
Read articleTax Extension Filing
As you may be aware, there are several tax programs awaiting congressional renewal. It isn’t uncommon for tax credit programs to lapse, particularly the Work Opportunity Tax Credit. However, currently, the IRS and lobbyists are urging lawmakers to vote on tax bills by the end of November to expedite the process. In the meantime, we…
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