134 \\ Unlock the Work Opportunity Tax Credit: Save Thousands on Your Small Business Taxes
- Author
- Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
- Published
- Thu 29 Aug 2024
- Episode Link
- https://smallbusinessfinance.podbean.com/e/134-the-secret-tax-credit-every-small-business-owner-needs-to-know-about/
Did you know hiring the right team can lower your tax bill? This episode dives into the Work Opportunity Tax Credit (WOTC), a little-known federal program that rewards small business owners for hiring from targeted groups like veterans, long-term unemployed workers, and youth in specific areas. You’ll learn exactly who qualifies, how much you can save, and the steps you must take—including pre-screening and timely filing—to secure these savings. This tax planning strategy can cut your tax bill by up to $9,600 per eligible employee. If you’re looking for cpa tax advice, smart business tax tips, and ways to maximize tax deductions while doing good, this episode gives you a clear plan of action to make it happen.
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year? Schedule a FREE discovery call to find out!
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