Various tax benefits and limitations announced
Taxpayers should be aware of the following announcements which can impact their tax situation. This includes: cost-of-living adjustments affecting dollar limitations for pensions plans, along with...
View ArticleIRS extends Work Opportunity Tax Credit deadline
To give employers hiring under the Work Opportunity Tax Credit (WOTC) more time to comply with filing requirements, the IRS has issued Notice 2013-14 to provide guidance and transitional relief. The...
View ArticleWork Opportunity Tax Credit transitional deadline approaching
The American Taxpayer Relief Act of 2012 extended the Work Opportunity Tax Credit (WOTC) for certain classifications of workers through Dec. 31, 2013. In March 2013, the IRS issued guidance allowing...
View ArticleThe clock is ticking: hire eligible workers soon to qualify for tax credits!
Although employers have until Dec. 31, 2013 to hire certain workers and benefit from the Work Opportunity Tax Credit (WOTC), the process of certifying these workers takes time – so employers beware....
View ArticleIf you plan to hire soon, consider hiring a vet
Here are six key facts about the WOTC to keep in mind: Hiring deadline – The WOTC was set to expire at the end of 2012, but was extended for one year due to the American Taxpayer Relief Act of 2012....
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