Posts Tagged ‘WOTC Certifications’
Diversify Your Workforce and Increase Your Bottom Line with WOTC
As organizations continue to look for ways to diversify their workforce, they should take note of an excellent cost-saving service known as the Work Opportunity Tax Credit (WOTC). What is WOTC? The WOTC program is simple. The government-sponsored program incentivizes companies to employ historically hard-to-hire workers. These individuals typically face barriers in finding work and…
Read MoreWOTC Could See New Military Spouse Target Group
A proposed bill aimed at introducing a new Work Opportunity Tax Credit (WOTC) target group is currently working its way through the legislature. HR 2974, known more commonly as the Military Spouse Hiring Act would amend WOTC to include military spouses as an eligible target group. Employers would then be incentivized to hire spouses of…
Read MoreIRS Issues Hurricane Ida WOTC Tax Relief in 5 States
In light of Hurricane Ida, the IRS has provided tax relief to employers in FEMA-declared disaster areas including the entire state of Louisiana, and certain areas in Mississippi, New Jersey, New York, and Pennsylvania. The IRS tax relief extends the 28-day deadline for submitting Work Opportunity Tax Credit (WOTC) certifications in the aforementioned locations. In…
Read MoreIRS Releases WOTC Transition Relief for Select Employers
The IRS recently issued transition relief for certain employers administering the Work Opportunity Tax Credit (WOTC) program. IRS Notice 2021-43 extends the typical 28-day time frame for submitting a certification request to a designated State Workforce Agency (SWA). Employees hired between January 1 and October 8 of 2021 are now able to submit WOTC requests,…
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