2024’s Economy Lays the Groundwork for a Steady 2025
By Nich Tremper
On March 31, 2021, Gusto sent a letter to California State Senator Mike McGuire and members of the California State Senate Governance and Finance Committee urging support for SB 553. SB 553, authored by California State Senator Limón, would create a state work opportunity tax credit (WOTC) in California. The California WOTC would mirror the federal program and incentivize employers to hire people that are typically overlooked for employment, including veterans, long-term unemployed, those with criminal records, and SNAP recipients. The letter highlights the benefits of WOTC programs for small business owners and for traditionally underserved and marginalized groups.
Read the full letter here:
Gusto Editors, contributing authors on Gusto, provide actionable tips and expert advice on HR and payroll for successful business management.Read More
