It is very important in today's business to be able to take advantage of any resources available that can positively impact your bottom line. Tax credits and tax incentives are among those resources that are often overlooked. You may be thinking that filling out the forms and dealing with the paperwork related to tax incentives and credits will be too difficult or time consuming. The truth is that the paperwork is not very difficult at all, and there is a good chance your most successful competitors are already doing it.
Work Opportunity Tax Credit WOTC is a Federal tax credit incentive that Congress provides to employers for hiring individuals from certain target groups who have consistently faced barriers to employment.