Tax Savings Opportunity for New Hiring

Not only am I appreciative of their capabilities in business valuation but also of their desire to be honest and straight forward.

Jim Myers

Because of their expertise in estates and trusts, I have total confidence that all filings are correct and that they can handle any complex situation.

Jennifer White, Attorney

Their attitude, knowledge, and ideas are the driving forces to our success.

Kim Falcon, President, Graphica

I deem the services of Fitchitt, Benedict & Clark to be a vital piece to the success of my business.

Kristine Donovick, Kristine Donovick Interior Design, Inc.

They are adept at providing financial statements that stand up to buyer scrutiny, tax saving strategies, valuation services and advice on how to best structure a transaction to meet their clients objective.

Paul Keller, ASG Partners, A Merger and Acquisitions Advisory Firm

Their knowledge, capabilities and sense of urgency were truly tested and greatly appreciated.

Larry Reed, DVM, Covington Veterinary Hospital

We have been able to implement these practices into our weekly and monthly focuses, giving us a clear picture of where we want to go.

Randy Haworth, Surftech Finishes Co., Inc.

FB&C has handled to my fall satisfaction not only the tax returns, but also was an outstanding support in finalizing the estate problems of my late husband, and was very professional in the transaction regarding my financial matters abroad.

Dorothee Maas

We have been very satisfied with our association with Fitchitt, Benedict & Clark, PS., Inc. They provided us with timely reports that satisfied our needs at a reasonable cost. I would recommend this firm to any who have challenging valuation projects.

Harold Warren, Aiken & Sanders Inc. PS

Mon, 02/08/2010 - 11:45 | by Mary Prukop

You may be able to save money on your federal taxes through the Work Opportunities Tax Credit (WOTC) program. The program is currently available for those employers who hire members of certain targeted groups before September 2011.

Businesses are allowed to claim a work opportunity tax credit equal to 40% of the first $6,000 of wages paid to employees of one of nine targeted groups. These groups are: (1) qualified members of families receiving assistance under the Temporary Assistance for Needy Families (TANF) program, (2) qualified veterans, (3) qualified ex-felons, (4) designated community residents, (5) vocational rehabilitation referrals, (6) qualified summer youth employees, (7) qualified members of families receiving Food Stamp assistance, (8) qualified Supplemental Security Income recipients, and (9) long-term family assistance recipients.

The 2009 Economic Stimulus Act expanded the work opportunity tax credit to include two new targeted groups: (1) unemployed veterans (40% of the first $12,000 of wages); and (2) disconnected youth (40% of the first $3,000 of wages).

Employers who are interested in earning the tax credit in 2010 should visit their local Work Source office or call (800) 669-9271, then submit an application to the Washington State Employment Security Department within 28 days after the new employee starts work.

Businesses certified for the credit must complete IRS Form 5884 when submitting their federal income taxes.

Tax Savings Opportunity for New Hiring

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