You know how the rules sometimes shift quietly in the background, and most people don’t notice until the year is already half over? That’s exactly what’s happening with the 401(k) in 2026. A 401(k) is a workplace retirement plan that lets employees save money from their paycheck before taxes. Many employers also match part of […]
The Work Opportunity Tax Credit (WOTC) is a valuable federal incentive program that rewards employers for hiring individuals from certain targeted groups who face significant barriers to employment. But to unlock these tax benefits, potentially worth thousands of dollars per hire, timing is everything. At the heart of the WOTC process is IRS Form 8850,
When is Form 8850 Due For The Work Opportunity Tax Credit? Read More »
Introduction Managing tax credits is a valuable yet often underutilized financial opportunity for many businesses in the U.S. These incentives offered by federal and state governments are designed to encourage employment growth, support workforce diversity, and reduce tax burdens. However, navigating the complex landscape of tax credit programs can be tedious, especially when done manually.
Simplifying Tax Credit Calculations with Integrated HR Solutions Read More »
Introduction The Work Opportunity Tax Credit (WOTC) is a valuable program designed to help businesses reduce their tax liabilities by incentivizing the hiring of individuals from groups that face significant barriers to employment. This federal tax credit encourages employers to hire candidates who might otherwise struggle to find stable work. By offering financial incentives, WOTC
Breaking Down WOTC Eligibility: Who Qualifies and How to Apply? Read More »
Introduction Managing the Work Opportunity Tax Credit (WOTC) manually can lead to a significant drain on business resources. WOTC offers businesses valuable tax savings, but if it’s managed without the aid of HR automation, the process becomes inefficient and costly. This blog explores the hidden costs associated with manual WOTC management and how HR solutions
The Hidden Costs of Manual WOTC Management & How HR Automation Saves the Way Read More »
