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). ...
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...
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...
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...
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...