We know it’s a very busy time of year and taxes are on every employer’s mind right now. Due to the confusion of the WOTC hiatus of 2012, many people missed WOTC application deadlines. The IRS announced earlier this month that the 28 day application deadline does not apply to WOTC-eligible employees hired between January 1, 2012 and March 31, 2013. Click here to read the IRS full transition relief notice.
What does this mean for my business?
You still have an opportunity to apply for the $2400 credit for all qualified employees. Your state’s WOTC office will now accept WOTC applications on behalf of WOTC qualified employees during the above specified time frame until April 29, 2013.
It is really simple to get started now, but time is running out!
Wednesday, March 27, 2013
Friday, March 22, 2013
WOTC Certificates are good for 20 years! It's important to meet all the deadlines and get your hands on your WOTC Certificate for future use. Even if you don't receive it in time to use against your tax liability this year, you can use it whenever you need to in the future. So go ahead and pile them up! They will certainly come in handy when your accountant delivers your tax bill in 2014 and beyond.
Wednesday, March 20, 2013
Friday, March 15, 2013
WOTC Solutions is proud to announce that we are the newest Associate Member of the Ohio Grocer's Association! We look forward to providing valuable service and WOTC expertise to all OGA members. Read this week's edition of The Weekly Checkout to see the article WOTC Solutions contributed.
Tuesday, March 12, 2013
On Friday, the IRS released notification that it was extending the time employers who want to claim the work opportunity tax credit (WOTC) have to file Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity Credit (Notice 2013-14 PDF).
Form 8850 is normally due within 28 days of an employee’s start date. The retroactive extension of the WOTC credit had raised questions about how employers who hired eligible employees in 2012 and early 2013 would be able to timely file the form and certify those employees.
Under the extension, employers who hire a member of a targeted group on or after Jan. 1, 2012, and up to March 31, 2013, will be considered to have timely filed Form 8850 if it is filed with the designated local agency by April 29, 2013.
Call us today at 888-313-5696 to find out how to take advantage of this tax saving opportunity!
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