From earliest childhood we value the opportunity to cry ‘do over’ when we make an honest mistake. Adult life, and in particular our relationship with the IRS, doesn’t usually offer opportunities to ‘do over’. However, one program does – First Time Abatement.
The Ohio Development Services Agency (Ohio DSA) has announced the second round of funds available to employers to help offset the costs of training their current workforce. The Ohio Incumbent Workforce Training Voucher Program has $30 million available – $27 million in grants which will be awarded on a first-come, first-served basis and the remaining
The short answer is that every company which is hiring employees should participate in the Work Opportunity Tax Credit (“WOTC” – pronounced WOT-see). Often companies with high turnover greatly benefit from this credit, but all hiring companies should consider this opportunity. What is WOTC? WOTC is a federal tax credit for businesses hiring and retaining
Business incentives and tax credits aren’t for everyone. However, before deciding they aren’t for you, consider some of the mistaken assumptions I’ve heard from small business owners.