Need help getting workers? Use this tax credit to pay a hiring bonus. from The Philadelphia Inquirer
This article discusses how business owners can take advantage of the Work Opportunity Tax Credit as a recruiting incentive. Due to the effects of the pandemic, more people now count as “qualified long-term unemployment” recipients, placing business owners in a unique position to use the tax credit to offer employees a hiring bonus. The article also explains how much money a business owner can receive, how to file, and how to claim the credit. More information about the different target groups can be found here and details on how to file a Certification Request can be found here.