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Maximize Your Employment Tax Credits and WOTC
By: Net at Work Team
As you hire new employees, your business not only grows, it may also become eligible for more tax credits—including the up to $9,600 per employee Work Opportunity Tax Credit (WOTC).
However, maximizing employment tax credits can be a full-time job—made more difficult with new and evolving regulations. Net at Work has teamed up with the professionals at McMillian & Associates and they are prepared to help our customers. While you focus on building your team, they can focus on supporting your bottom line with the tax credits you deserve.
Take Advantage of the Work Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is a tax incentive program that motivates employers to hire and retain employees from specific target groups, including social assistance recipients, veterans and qualified youth. For each eligible employee you hire, your business can qualify for a tax credit of up to $9,600 during the first year of employment—which can really add up to significant savings.
However, gaps in screening, follow up, and documentation hold many employers back from maximizing their WOTC total and hurting their financial results. Net at Work can help you determine what your opportunity for tax credits and incentive credits may be now, and help you prepare for the future as your workforce grows.