In the world of employment incentives, there exists an impactful, yet often overlooked tax credit that takes on the spirit of the Olympics by empowering individuals and promoting diversity.
Rachel Zarate Brouwer
Recent Posts
You’ve seen the advertising for larger companies – slogans like “Hire a Vet” or “We Offer Second Chances” – appealing to certain groups that would be interested in applying for a job, sparked by this type of focused outreach. To combat the labor shortage that some companies are facing, they are expanding their hiring pool to drum up new applicants that might have barriers to employment. These hiring initiatives help to drive down the unemployment rate for groups that have a hard time re-entering the workforce after transitioning from challenging life experiences.
A $2.5 million tax credit grant is making its way to 12 states in order to speed up processing times for Work Opportunity Tax Credit Program certifications!
Are you satisfied with the Work Opportunity Tax Credit (WOTC) claims results that your Applicant Tracking System (ATS) or Human Resource Information System (HRIS) vendor captures for you? Should you be? Have you considered what a dedicated WOTC process software and services team could do for you and your business’ bottom line?
Most of us probably knew – or were – that odd kid in school that no one wanted to befriend. Dark, sordid stories echoed through the hallways assuming truth about the outcast. The accepted – and expected - attitude was, “don’t talk to that person.” But then someone pushed aside the rumors and judgements and gave that person a chance; they got to know that student and learned about their life…and found an amazing treasure, a friend.
Administrative burdens, technology slumps, and meeting the bottom line. Staffing clients combat many headaches in their efforts to put people to work. For this, they deserve to be rewarded.
CTI sees the value that staffing firms bring to the economy, and we pay that forward by adding value to their bottom line. We can step in and help place them in a better financial situation when we maximize their Work Opportunity Tax Credit (WOTC).
Updated May 20, 2019
Sen. Chuck Grassley (R-IA) announced late last week that lawmakers on the Senate Finance Committee will form bipartisan groups to analyze how best to address expired and soon-to-expire tax incentives, known as extenders.
Finance Committee Democrats and Republicans will convene six separate working groups to analyze tax extenders, with the two largest working groups addressing energy tax incentives and those for economic and community development.
Today we focus on one of our many valued CTI clients, looking at the challenges they faced to implement and optimize a tax incentives strategy, and how CTI helped meet those challenges and exceed expectations.
