Archive: work opportunity tax credit

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Tax Credits Available to Hospitality Owners for Hiring Employees from “Targeted Groups”

As labor costs continue to rise for most hospitality owners, as well as employers in other industries, there is a tax credit available that can assist in mitigating some of the labor costs to the business owner. The Work Opportunity Tax Credit is available to business owners on qualified first- and/or second-year wages that are […]
March 6, 2020

Possible Tax Incentives for Construction Contractors

With Taxmageddon looming upon us, don’t miss out on these and other available tax incentives that your construction company may be eligible for. Work Opportunity Tax Credit: Thanks to the VOW to Hire Heroes Act of 2011, this credit is still available through December 31, 2012 to employers who hire qualified veterans.  Upon meeting certain […]
August 17, 2012

Employers Need to Act Soon to Get Expanded Credit for Hiring Vets

IRS Special Edition Tax Tip 2012-11, June 12, 2012 Employers that hired unemployed veterans during late 2011 and early 2012 had an expanded period to request the required certification for claiming the expanded Work Opportunity Tax Credit (WOTC). That expanded period ends on Tuesday, June 19. The IRS is reminding employers that for eligible veterans […]
June 14, 2012