What Is the WOTC?

The Work Opportunity Tax Credit (WOTC) is a federal incentive designed to encourage businesses to hire individuals from specific “target groups” who often face challenges entering or re-entering the workforce. Administered jointly by the Internal Revenue Service (IRS) and the U.S. Department of Labor (DOL), the program requires employers to pre-screen candidates and obtain certification […]

Bookkeeping vs. Accounting

What Sets Them Apart—and Why It Matters In the realm of business finances, two terms often arise: bookkeeping and accounting. While they may appear interchangeable at first glance, they serve distinct yet complementary roles that are crucial for the overall health of your business. Understanding the differences between bookkeeping and accounting is essential for business […]