FEDERAL BONDING PROGRAM
WORK OPPORTUNITY TAX CREDIT
WHAT IS IT ? An employer incentive program to hire people with at-risk , hard-toplace , or questionable backgrounds . Fidelity Bond – a business insurance policy that protects employers against loss of money or property due to dishonesty . No Cost to Georgia Employers or Job Applicants . A win-win opportunity for employers to employ and / or retain skilled employees without incurring risks .
WHAT IT COVERS ? Insures employers against stealing , forgery , larceny , or embezzlement . Workers who earn wages with Federal taxes automatically withheld . Current and new employees – including : full-time , part time , and temporary workers . Essentially , anyone who cannot get a job . No Cost to Georgia Employers or Job Applicants . A Win-Win Opportunity : Employers acquire skilled workers without incurring risks ; skilled job seekers land a job in spite of background . Effective for six months .
WHAT IS IT ? The Work Opportunity Tax Credit provides tax incentives to businesses that hire and retain new employees who are members of qualified groups . It is based on the number of hours worked , length of employment , and earnings . Groups That Qualify For The Tax Credit Veterans SSI Recipients Vocational Rehabilitation Referrals Ex-Felons Food Stamp ( SNAP ) Recipients TANF Recipients Designated Community Resident Long-term Unemployed Recipient
Reduce tax liability Any size business can benefit Easy application process Hire qualified individuals
REDUCE YOUR TAX BILL
Maximum Tax Credit Veterans From $ 2,400 to $ 9,600 Non-veterans From $ 1,200 in one year to $ 9,000 over two years
W H A T A N I N D I V I D U A L H A S D O N E I N T H E I R P A S T D O E S N O T D E F I N E W H A T T H E Y C A N B E C O M E
C r o w n B a k e r i e s
PLEASE CONSIDER BECOMING A PART OF OUR GROWING COMMUNITY OF EMPLOYMENT OPPORTUNITIES .
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