Monday, September 9, 2013
Hiring for the fall and winter already?
If your company hires seasonally it is extremely important to screen all incoming employees for WOTC eligibility. Employees qualify after working for you for 120 hours. That's just three weeks at 40 hours per week! Having a WOTC process in place can save you thousands of dollars off of your federal income tax bill, and getting a process in place before you plan to hire for the season is the key.
Keep in mind when screening your new workers that any relatives or former employees are not eligible for the WOTC credit. However, if you generally hire new employees as contracted employees (1099s) and then move them to permanent positions (W4s), they can qualify for WOTC eligibility at the time they become a permanent employee. You take the time to review applications and check references, why not screen for WOTC and save money too?
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