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The WOTC Blog

Timing is Everything With WOTC

Friday, August 10, 2018

Famed English actor Jeremy Irons said, “The secret to life is timing.” So too is success with the Work Opportunity Tax Credit! Also known as “WOTC” (pronounced Watt See), the Work Opportunity Tax Credit rewards businesses with $2,400 to $9,600 … Continue reading

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The Value of Hiring the Formerly Incarcerated

Thursday, August 02, 2018

Have you considered the value of hiring the formerly incarcerated? The Work Opportunity Tax Credit (WOTC) might reward your business if you do (more about that later). And yes, when I say, “formerly incarcerated”, I mean ex-felons. People who’ve been … Continue reading

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Expand WOTC Again? Yes! Hire Veteran Students Using GI Bill

Wednesday, July 25, 2018

Congresswoman Jacky Rosen, a Democrat from Nevada, issued a press release describing her effort to expand the Work Opportunity Tax Credit (aka WOTC). House Resolution 6392, known as the Hire Student Veterans Act, would add a new target group to the … Continue reading

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Earn Real Tax Savings for Hiring Veterans

Monday, July 23, 2018

This is a follow-up to my recent post about tax benefits employers earn by hiring military veterans. In addition to strong skill sets and personal characteristics, many veterans can bring an added financial benefit to their employer through the Work … Continue reading

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Another Reason Veterans Matter to Small Business

Wednesday, July 11, 2018

If you’re a business owner, CPA or hiring executive, this is for you. Everyone knows that hiring veterans is both the right thing and the smart thing to do for many reasons. Military veterans bring a unique set of skills … Continue reading

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Independence Day in America!

Wednesday, July 04, 2018

It’s Independence Day! The birthday of our nation! A day to celebrate freedom and many time-honored American traditions. Writing of this great event in 1776, yet-to-be future President John Adams said, “It ought to be solemnized with pomp and parade, … Continue reading

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New Mexico Foster Youth Tax Credit Going Into Effect July 1

Tuesday, May 08, 2018

A little good news for employers and foster youth living in New Mexico. Republican Governor Susana Martinez has signed into law a bill providing a $1,000 tax credit to employers that hire qualifying foster youth. Although the New Mexico Foster Youth … Continue reading

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Today’s Budget Deal Reauthorizes Empowerment Zones Retroactively for 2017

Saturday, February 10, 2018

Employers interested in the Work Opportunity Tax Credit (WOTC) and the federal Empowerment Zone program received good news this morning. Just after 5:30 AM,  President Donald Trump announced that he had signed the Bipartisan Budget Act of 2018. With this … Continue reading

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WOTC Survives Tax Reform Compromise!

Friday, December 15, 2017

After a flurry of last-hour compromise, the the Tax Cuts and Jobs Act (aka Republican tax reform bill) was finalized on Friday.  At about 5:30 PM Eastern, an updated copy of the bill was released to the public (see Business … Continue reading

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Talk of Tax Extenders Bill — Mopping Up After Tax Reform

Wednesday, December 06, 2017

I received this link to a recent article in Accounting Today from a colleague and a reader of The WOTC Planet.  According to the article, Senator John Thune (Republican from South Dakota) has confirmed the Senate’s intention to act on expired … Continue reading

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