How to Claim Tax Credits for Hiring People with Disabilities

There are many tax credits that business owners can take advantage of, and today we’re talking about the Disabled Access Credit. This is a credit specifically extended to business owners who employ people who have disabilities. What is the Disabled Access Credit? This is a nonrefundable tax credit put forth with small businesses in mind. […]

Can You Take Advantage of the WOTC?

As explained by the IRS, the work opportunity tax credit (WOTC) is equal to 40% of up to $6,000 wages paid or incurred, with a maximum credit of $2,400, for an employee who: The agency emphasizes that this is a one-time credit for each new hire, and an employer cannot claim the credit for employees […]