Claiming the WOTC Tax Credit – Important Information

Here are some questions we get from our clients or their CPA’s: For which tax years can the WOTC credit be applied? Employers may claim the Work Opportunity Tax Credit for a total of two years. Employers who do not take the full credit amount because of the tax liability

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Expanding WOTC For Student Veterans

U.S. Senator Heidi Heitkamp recently announced that she introduced bipartisan legislation that would allow more student veterans in North Dakota and across the country to take advantage of paid internships and

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WOTC 28-Day Deadline Explained

The Work Opportunity Tax Credit (WOTC) is a federal program, and it is administered at a state level via State Workforce Agencies who handle the review, processing and distribution of certifications (or denials).

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IRS Issues Notice on State and Local Tax Deductions

The U.S. Department of the Treasury and the IRS have issued a notice stating that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax purposes. Notice 2018-54 also informs taxpayers that federal law controls the characterization of the payments for federal income tax

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Staffing Employment Robust in April

Temporary help employment edged up 0.3% from March to April, and was 3.9% higher than in April 2017, according to seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. Year-to-year staffing job growth has averaged 3.8% per month in the first four months of 2018, significantly higher

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Trump Signs Executive Order Mandating Work for Welfare Recipients

President Donald Trump quietly issued an executive order on April 10 calling for federal government agencies to enforce new requirements for low-income recipients of food assistance, Medicaid, and low-income housing subsidies to join the work force or lose their benefits. The move is part of the administration’s broad overhaul of

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What Are Tax Credits? What Small Businesses Need to Know

Tax credits vary widely and reduce taxes owed dollar for dollar. But what are tax credits, exactly? Tax credits differ from tax deductions, which most small businesses claim for expenses like office supplies and employee wages, in that deductions serve to reduce taxable income, resulting in lower taxes. Tax credits, on the

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