Tax credits
Tax Credits
WOTC 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…
Tax Credits
You Can Still Leverage the Employee Retention Credit
Even though it’s 2022, there’s still time to take advantage of the limited-time opportunity, Employee Retention Credit. The Employee Retention Credit is simple in concept. The refundable tax credit provides organizations impacted by COVID-19 with financial relief. For all of 2020, and three quarters of 2021, employers can earn up to $26,000 in tax credits,…
