The Benefits Of WOTC
Innovation is taking the world by storm, and the U.S. is one of the forerunners in research and development. Did you know that you can reduce your company’s tax burden by claiming an R&D tax credit for business research-related purposes? Here’s how you can qualify:
Did you know that $1 billion is claimed every year in tax credit under the Work Opportunity Tax Credit (WOTC) program? The COVID-19 pandemic has brought unprecedented changes for small and large business owners across the globe. Luckily, the WOTC can help you save money and optimize your revenue. Here’s everything you need to know:
Due to the current COVID-19 pandemic, companies worldwide are conserving cash and aiming to reduce their equipment purchases. One downside of this is that they may not be able to claim the amount of depreciation tax deductions like they did before.
The U.S. commercial real estate industry is one of the largest globally, carrying a net worth of over $16 trillion. Its remarkable performance and improvement during the COVID-19 outbreak have encouraged investors to enter this market with a focus on maximizing their return on investment.
Across the U.S., many businesses are facing cash flow challenges that are hard to tackle. This has discouraged other potential investors from initiating start-ups or investing in the stock market.
Continuous developments in technology over the past years have compelled companies to frequently research and innovate. But research and development is a challenging task and sometimes incur heavy expenditures.
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.