I know the answers and I've made it easy to find out exactly what WOTC is and how it will improve any business' bottom line.
I've written "The WOTC Book"
and the first edition is absolutely free
to the first 1000 people who request it!
The only catch is that I would welcome any readers comments that would in any shape or form help me to make future editions better. It's not mandatory, but highly appreciated!
Request your copy of THE WOTC BOOK here.
From the inside of the book:
The following is from a PDF brochure available online at:
When visiting the government website you’ll see the “basics”
but it doesn’t tell the “whole story”. So I'm including "Author’s notes" which are in green.
WHAT IS THE WORK OPPORTUNITY
TAX CREDIT?
The Work Opportunity Tax Credit (WOTC) is a Federal tax
credit available to employers who hire individuals from eligible target groups
with significant barriers to employment.
Yes, but don’t “stop” there.
This is why many business people and their tax professionals “don’t want to
mess with this”. Unless the business hires ex-cons, or vets, why bother? I say,
let us “do the work” and see if you qualify or not. If you don’t, it is our
time wasted and you don’t pay us anything. But, if we find you a bundle of
money to use to help build your business by training your new hires, you share a
percentage of the monies with us.
Each year, employers claim over $1 billion in tax credits under
the WOTC program. The success and growth of this income tax credit for business
is beneficial for all who participate, while increasing America’s economic
growth and productivity.
Great, so now there is validity
to what I share with prospective clients; because it is right here in this government
brochure.
· WOTC reduces an
employer’s cost of doing business, requires little paperwork, and applying for
WOTC is simple.
(That
is IF you can move the paperwork back and forth fast enough to get it all done
and entered within the 28 day time frame).
· WOTC
can reduce an employer’s federal income tax liability by as much as $9,600 per
employee hired.
True story, so why aren’t more
business people doing this?
·
There is no limit on the number of individuals an employer can hire to qualify
to claim the tax credit.
· Certain
tax-exempt organizations can take advantage of WOTC by hiring eligible veterans
and receiving a credit...
But wait, there’s more! Sorry, I couldn’t resist. But, if
you would like to know more, request my newly published book titled: THE WOTC BOOK. What WOTC
is and how it Benefits Your Business.
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