Posts Tagged ‘WOTC’
Empower A Diverse Workforce With The Work Opportunity Tax Credit Program
Organizations that administer the WOTC program not only have an opportunity to reduce their tax liability, but they can also diversify their workforce.
Read MoreHonor Military Veterans By Hiring Them
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…
Read MoreDiversify 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 MoreEverything you Need to Know About The Latest WOTC TEGL
Earlier this year the Department of Labor issued a Training and Employer Guidance Letter (TEGL) regarding the Work Opportunity Tax Credit (WOTC). The TEGL reiterates how employers and state workforce agencies (SWAs) should proceed with administering the WOTC program and its related processes. The purpose of the TEGL is to “provide updated procedural guidance to…
Read MoreWOTC Program Reauthorized and Extended Through 2025
Earlier this year the federal Work Opportunity Tax Credit (WOTC) program received an extension through December 31, 2025. The Consolidated Appropriation Act, 2021 (CAA) reauthorized the WOTC program and ensures that employers administering the program will continue to be able to earn up to $9,600 per qualified candidate. Also included in the CAA are extensions…
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