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Course Description

The IRS defines The Work Opportunity Tax Credit (WOTC) as a federal tax credit available to employers for hiring individuals from certain targeted groups.  It is an incentive for employers to broaden their job applicant pools and hire from certain groups of people who may need assistance finding job. This federal tax credit is available to employers that hire and retain individuals from certain target groups that have been determined to have "significant barriers to employment," such as the long-term unemployed, people with criminal histories and military veterans. About $1 billion in tax credits are claimed each year under the WOTC program, according to the Department of Labor (DOL).While the WOTC was established under the Small Business Job Protection Act of 1996 , it has been extended multiple times since.

In the past, the WOTC program has enabled companies to receive up to $9,600 in tax credits for each qualifying employee hired, with no limit on the number of qualifying individuals. This webinar will help small business owners learn about the WOTC and how their small business could benefit. 

 

Course Outline

Agenda:

  1. What is the WOTC
  2. Who is eligible to apply?
  3. The WOTC application process
  4. Benefits to small business
  5. Q and A

Learner Outcomes

Attendees will gain an understanding of:

  • What the WOTC is
  • WOTC process
  • WOTC eligibility
  • How to apply for WOTC
  • WOTC benefits for small business

Notes

A Public Service and Outreach Unit of the University of Georgia. Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. All programs of the UGA SBDC are open to the public on a non-discriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.

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Section Title
Work Opportunity Tax Credit: Save tax dollars while expanding your employee recruitment base
Type
Online - Fixed Date
Days
Th
Time
10:00AM to 11:00AM
Dates
Nov 11, 2021
Schedule and Location
Contact Hours
1.0
Hosting Center
  • UGA SBDC Webinars
Course Fee(s)
Registration non-credit $29.00
Instructors
Section Notes

All programs of the UGA SBDC are open to the public on a non-discriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact Carole Arnold at Kennesaw@georgiasbdc.org or call 470.578.6450.

 

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