Great news for McDonald’s Owner/Operators on the Work Opportunity Tax Credit home front.
For those of you that have not been taking full advantage of the WOTC program, relief is on the way.
On Monday, the IRS issued transition relief rules. The transition relief rules will allow you to go all the way back to January 1, 2015 to certify employees for the credit.
What does this mean?
- If you were not taking advantage of the program you still have time to.
- If you were taking advantage of the program, but did not start at the beginning of 2015, you can take advantage of the transition relief rules and go back and get certificates on any eligible employee.
The news even gets better. If you have not started a WOTC program yet this year, the transition relief rules will allow you to go back to January 1, 2016 and certify any eligible 2016 hires.
Time is important, however. You only have until June 29, 2016 to take advantage of the transition relief rules.
Everyone can use some additional cash, so don't leave free money on the table.
Attached is an article we sent out several weeks ago the Work Opportunity Tax Credit. This article explains the benefits for McDonald’s Owner/Operators in more detail.
Please contact us with any questions at info@concannonmiller.com or 888-433-1515. We are here to help.