To encourage companies to hire people who often experience barriers to employment, such as veterans, public assistance recipients, or ex-felons, the government offers initiatives designed to grant employers tax-saving opportunities through hiring tax incentives.
To encourage companies to hire people who often experience barriers to employment, such as veterans, public assistance recipients, or ex-felons, the government offers initiatives designed to grant employers tax-saving opportunities through job creation incentives.
Many states help employers address the cost associated with upgrading the skills of workers. They recognize that it leads to good paying, long-term jobs and bolsters business attraction, retention, and expansion.
Work Opportunity Tax Credit (WOTC) grants tax credits towards an employer’s federal income tax liability. Credits range from $1,200 to $9,600 per qualified new hire, depending on the new hires’ WOTC target group.
Many states offer hiring credits like the WOTC for job creation. We call these “piggyback credits” since we can capture the state credits simultaneously when screening for the WOTC.
Experienced professionals delivering personalized service. Expect proactive engagement to secure unequaled returns.
Using data analytics, we benchmark KPIs for the WOTC and 17 other federal/state credits to optimize your expected benefit
We offer system integration and multiple modes for evaluating applicants. Get more responses with our user-friendly survey.
We tailor and continuously refine a study program based on your unique attributes and KPIs for your industry and location.
We tailor and continuously refine a study program based on your unique attributes and KPIs for your industry and location.
Transparency comes with 24×7 access to our Client Portal for real-time views into project status, metrics, and reports.
Reach out to a tax consultant to learn how CTI powers your business for success.
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