Alignable

Highly Recommended by Locals On Alignable

Sunday, September 29, 2024

Restaurants should consider the Work Opportunity Tax Credit (WOTC) benefits for several compelling reasons.


1. Restaurants can receive tax credits of up to $9600 for each new hire. This can lead to substantial savings. 

 2. The restaurant industry often faces high employee turnover. Utilizing WOTC allows restaurants to maximize benefits from hiring new staff, turning turnover into a financial advantage because they can claim the benefit over and over! 

 3. The WOTC process can be integrated into the hiring process, making it easier for restaurants to identify eligible candidates and claim credits without significant additional administrative burden since 98% of the process is automated. 

 4. The tax credits can improve cash flow, allowing restaurants to reinvest savings into operations, staff training, or marketing efforts. 

 5. Restaurants often hire additional staff during peak seasons so, WOTC can help offset the costs associated with seasonal hiring. 

 Take 30 seconds to see your benefits at https://gmg.me/143862