This week is National Payroll Week. I urge you to celebrate with your current employees. It’s a great way to build your team and acknowledge that you appreciate them.
However, I also know that many of my friends, particularly in the trades, are having great difficulty finding good help.
Let me help you with that.
Hire A Veteran!
There are numerous reasons for you to consider doing this:
Veterans are used to getting up early
Veterans understand a chain of command and follow directions well
Veterans are typically in great shape
Veterans are team players
Bonus reason for hiring veterans–Work Opportunity Tax Credit
There is a federal tax credit available to for-profit companies who hire veterans. Here’s some details on how to go about getting this Tax Credit from the Mass Department of Veterans Affairs. It’s a little tricky, so read carefully and consider getting some help. Contact info is below.
The WOTC program has two purposes: to help individuals who qualify as members of a target group to get a job; and to help employers who hire qualified individuals by giving them a credit on their federal taxes. The person hired must be employed for at least 120 hours.For more information on this federal program, ask a DVOP/LVER at a Career Center or call 877-US2-JOBS for the Career Center locations near you.
Work Opportunity Tax Credit Program
Department of Career Services
19 Staniford Street
Boston, MA 02114
Even more Bonus Information
For more details, including how much you can expect from the potential credit (it can be up to $9,600 for the first year wages for each hire through 2019 depending on circumstances), please check out this article from the Small Business Administration website:
Go forth and Hire a Veteran and reap the many rewards!!!
Happy National Payroll Week
For a free review of your current payroll processes, don’t hesitate to contact me.