What if you could benefit your business financially, but also increase the wealth and prosperity of veterans and select other target groups? This is made possible by the Work Opportunity Tax Credit (WOTC). This tax credit is often unknown to employers, but benefits all who take advantage of it. There is roughly $1 billion in tax credits available each year. Shouldn’t your business claim some of these funds? At the same time, you give back to the veteran community (and others) by hiring and retaining them for your business.
The Work Opportunity Tax Credit (WOTC) program enables employers to obtain tax credits for hiring individuals who come from certain target groups, including:
- Qualified U.S. service veterans
- Individuals or family members receiving government social services (such as TANF, SNAP/food stamps, benefits, etc.)
- Residents of designated communities
- Long-term unemployed
- Youths hired for summer jobs in designated communities
Depending on the target group, most maximum credits range from $2,400 to $9,600 per employee.
You do not have to change your hiring practices or standards to take advantage of the WOTC. McKenzie Chase will work closely with you to screen applicants and employees for eligibility, then process all of the required forms to claim the tax credits. It’s that easy when you use MCM (and it’s not easy when you try to do this yourself). And when approved, the funds are delivered directly to you. We can even process these electronically through e-credits.
Are you interested in receiving these substantial funds and hiring and helping others?
At McKenzie Chase, Tax Credits are our specialty. We are standing by to help you. Why not each out to discover if you are eligible for the WOTC?
Contact the team at McKenzie Chase today:https://calendly.com/mc-mctr/15minroi or call us at 206.547.8277 to make an appointment.
