January 17th, 2014 : Did You Hire a Veteran Prior to Jan. 1, 2014?
The Work Opportunity Tax Credit offers employers a tax credit for hiring members of certain groups, including many veterans and those who have received vocational rehabilitation. The maximum credit can be as high as $9,600, depending on the employee, but it only applies to hires who begin work before January 1, 2014.
Tax credits are a dollar-for-dollar reduction in your tax bill, so they are well worth taking advantage of. Your company may be eligible for many credits or deductions that can lower your tax outlay. Are you making the most of all of them? Contact us today to discuss the best ways to minimize what you’re paying.