WELCOME This page is dedicated to our payroll clients. The common forms needed for hiring an employee can be found at the bottom of this page. News Release from David Shabaz CPA, CPC PAYROLL HIRING CREDIT ALSO KNOWN AS WORK OPPORTUNITY TAX CREDIT The Federal Government provides employers with a federal income tax credits for hiring new employees who meet certain criteria. Any size employer is eligible for the credit. Jobs can be full-time, part-time, permanent or temporary. There is no limit to the number of new hires who can qualify for these tax savings. The paperwork is minimal. Add the IRS W-11, Form 8850 and US Department of Labor Form 9061 to your packet of forms that need to be filled out upon hire (W-4 and I-9). If the new employee checks any of the 5 different criteria on Form 8850, then you, the employer, mail the dated and signed forms to the Minnesota Department of Economic Development, WOTC Unit, no later than 28 days after the new employee’s start date. You must also include verification of the new hire’s age and proof of residence. The WOTC unit will verify that the new hire has qualified you for the tax credit. Address to mail forms: Minnesota Department of Employment & Economic Development WOTC Unit 332 Minnesota St. Suite E200 St. Paul, MN 55101-1351 Contact information: Telephone: 651-259-7507 Toll Free: 888-234-5521 Email: deed.wotc@state.mn.us To claim the tax credit when filing your federal business tax return, include your verification from the WOTC with your business tax organizer. |