October highlights from The MWE Advisor newsletter include: what business owners need to know about the Work Opportunity tax credit and how to respond if your company experiences a data breach.
Work Opportunity Tax Credit: What Business Owners Need to Know
Have you hired any new workers this year? What are your hiring plans for 2018? New hires from certain economically disadvantaged “targeted” groups may qualify your business for the Work Opportunity tax credit (WOTC). Here’s an overview of this potentially lucrative tax break, including an example of how it’s calculated.
Recent Incidents Fuel Concerns over Breach Response
From employees’ Social Security numbers to consumers’ credit card numbers, organizations possess a lot of valuable data. Hackers can breach an organization’s IT systems, steal sensitive data and use it to, say, access bank accounts, apply for credit or file for a bogus tax refund. If your organization gets hacked, how and when should you respond? Recent legislation is calling for stricter reporting guidance.