The Work Opportunity Tax Credit (WOTC) is a federal tax credit many businesses are unaware of. Others believe the application process is too cumbersome. If you aren’t applying for WOTC, you could be missing out on a tax credit potentially worth thousands of dollars! The WOTC is available to employers who hire certain individuals from target groups – which includes most employers.
Kelli Gift, CPA, Managing Member of PaySmart and Shawn Brubaker, CPA, Partner at Gift CPAs present the ins and outs of the WOTC, what it means for your business, and how the application can be incorporated into the payroll process.
