Work Opportunity Tax Credits are federal credits distributed at the state level. Businesses are entitled to claim tax credits for hiring individuals who are members of certain targeted groups. Learn more.
If you underpay your sales and use taxes, the Department of Revenue will find the error and collect. But, when you’ve overpaid, a reverse audit may be the only way to catch the error.
Work Opportunity Tax Credits save Tennessee businesses thousands of dollars in employee-related taxes by reducing the company’s liability for eligible employees. It’s estimated that 10 – 15% of new employees may qualify.
Free, comprehensive guide to WOTC. Claim $2,400 to $9,600 in tax credits for qualified new hires. We’ll show you the ins and outs.