Work Opportunity Credit
Employers in any US location may be eligible for the Work Opportunity Credit. KBKG documents employees and prepares applications on the employer’s behalf using a technology-based process. Each qualified new hire may be worth a federal tax credit as much as $9,000. There are no geographic restrictions for this program other than a presence on US soil. This means any US employer can benefit.
The largest challenge faced by employers with regard to the WOC is the limited time frame in which they may document employees. Having proper procedures in place to document the appropriate information in the manner mandated by the IRS is critical to successfully realizing benefits. Also, each employee must have supporting documentation in order to be considered for the credit. Like all KBKG tax credit services, we will either work with you to gather the appropriate employee information or we will procure it by interfacing directly with government agencies.