All You Need To Know About Work Opportunity Tax Credit (WOTC)
Now’s the perfect time to learn about Work Opportunity Tax Credit (WOTC) as it has been extended for another five years, making the new expiration date December 31, 2025.
Now’s the perfect time to learn about Work Opportunity Tax Credit (WOTC) as it has been extended for another five years, making the new expiration date December 31, 2025.
In this day and age, more than survival, businesses strive to be the best. Having a good cash flow and maintaining the same amount of revenue is not enough, businesses are aiming to become the top players in their industry.
If you’re concerned about strategic tax planning, you need to learn about cost segregation. This is a financial tool that allows you to evaluate the value of money that goes into construction, renovation or remodeling projects. This allows companies to increase cash flow by deducting the money lost in depreciation and deferring state and federal …
Tax planning is essential for businesses who want to achieve long-term growth and profitability. Paying unnecessary taxes can put a toll on the financials of a company. Therefore, it’s crucial to take a proactive approach toward tax liabilities.
It’s one of the most common questions that we’re asked, and we understand why. Many businesses are working with tight budgets and don’t have enough room to hire professional services for taxation, so it’s understandable they are skeptical and don’t want to incur an expense.
The Work Opportunity Tax Credit (WOTC) is a tax credit available to employers who hire marginalized workers belonging to a particular target group, facing significant barriers in their quest to find employment.