National Payroll Week–Hire a Veteran!

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.

For-profit employers in Massachusetts may be eligible for a federal tax credit through the Work Opportunity Tax Credit (WOTC) program if they hire a qualifying unemployed veteran.  An unemployed veteran is a person discharged or released from the military during the five years preceding the hiring date who received unemployment benefits for a least four weeks during the one-year period ending on the hiring date.  Individuals must be identified as members of one of these targeted groups before a job offer is made.
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.

Contact

Work Opportunity Tax Credit Program 
Department of Career Services
19 Staniford Street
Boston, MA 02114
617-626-5300

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:

Tax Credit for Hiring Veterans

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.

Mitch Zucker
Chief Connector
Mobile:  774-218-9486

One thought on “National Payroll Week–Hire a Veteran!

Leave a Reply

%d bloggers like this: