Tennessee Employers Rack Up $232 Million On New Hires

Monday, May 20, 2013

Tennessee employers taking advantage of the Work Opportunity Tax Credit (WOTC) program achieved a record high in potential federal income tax savings during the fiscal year that ended in September 2012, announced Burns Phillips, acting commissioner for the Tennessee Department of Labor & Workforce Development. Last year the department issued 64,300 WOTC tax credit certifications to Tennessee employers, representing a potential federal income tax savings in excess of $232 million.

Andy Agnew, who since 1978 has been the owner of Investors of West Tennessee that has four Popeyes Chicken businesses and one Moe’s Southwest Grill in Jackson, said the application process for tax credits is simple and easy to use. “Employers need to know this program exists and how much money it represents that comes back to their bottom line,” said Mr. Agnew. “I strongly encourage employers to take advantage of the tax credit program. I tell small business people all the time they’re leaving money on the table if they don’t apply for potential tax credits.”

The WOTC program is available for use by any for-profit employer, large or small. “Some employers are used to thinking they cannot take advantage of the program or that it’s just for larger employers. That is not the case,” said Roger Littlejohn, state Work Opportunity Tax Credit coordinator. “And a non-profit employer can now take part if the hired employee is from one of five veteran target groups.”

Here’s how the program works: When an employer hires an employee who is from one of 13 targeted groups with significant barriers to employment, he completes two forms – an IRS form and a federal Department of Labor form – and sends those to the Tennessee Department of Labor & Workforce Development no later than 28 calendar days following the employee’s starting date of employment. The TN Department of Labor notifies the employer via a tax credit certification when the employee is certified as an eligible target group member, and the employer then claims the credit as part of his annual tax return with the IRS. The amount of the tax credit is based on the percentage of qualified wages relating to the target group of the new employee.

“There’s no limit to the number of new hires who can qualify for a tax credit,” said Mr. Littlejohn. “Certified employees can amount to huge federal corporate savings – as well as boost employment opportunities.”

Since the WOTC program began in 1996, Tennessee has been one of the nation’s top producing states relating to the amount of potential federal income tax credits it has been able to return to eligible Tennessee employers.

For the 2013 WOTC Handbook to be sent to you or to have questions clarified prior to submitting applications for the tax credits, contact Roger Littlejohn at Roger.Littlejohn@tn.gov, or 615 253-6664. 


Miller & Martin Practices, Attorneys Recognized In 2017 Chambers USA

Chambers and Partners has recognized Miller & Martin in the 2017 Chambers USA: America's Leading Lawyers for Business report as a leading law firm in the practice areas of Labor & Employment, Corporate/M&A and Litigation: General Commercial, and also recognizes six of the firm’s attorneys. Individual lawyers are ranked on the basis of their legal knowledge and experience, ... (click for more)

Chattanooga Chamber Calendar Of Events May 30-June 2

Thursday, June 1 Downtown Chamber Council Meeting 7:30  - 9 a.m. Bessie Smith Hall: 200 E M L King Blvd. Speaker: Jay Raynor, Defoor Brothers Topic: City Center Development Join the Downtown Council for networking and breakfast from 7:30 - 8 a.m., with the program lasting from 8 - 9 a.m.   $15   East Ridge Chamber Council Meeting 11:45 a.m. - ... (click for more)

Richard Anderson, 29, Struck And Killed While Trying To Cross Highway 153

Richard Anderson II, 29, was killed Friday night, while trying to cross Highway 153.   Chattanooga Police responded at 11:36 p.m. to a traffic crash involving a pedestrian struck.   A Honda Civic driven by Kelsey Hamilton, 20, was traveling southbound on Highway 153 in the middle lane with other traffic in adjacent lanes.   Mr. Anderson, wearing ... (click for more)

Eppard, 32, Charged With Aggravated Statutory Rape After 17-Year-Old He Was Living With Has Baby

Police have charged 32-year-old Anthony John Eppard with aggravated statutory rape after the 17-year-old girl he was living with had a baby. Officers were called to a civil dispute on Hillsview Drive on March 8. It was then found that the girl was living at the residence. She could not supply the name of next of kin or a legal guardian. The girl was placed in state custody, ... (click for more)

Silence Ain’t Golden Anymore

There are times – moments – in life that you never forget. That night in 1972, sleeping over at my buddy Bart’s house, was one of them. We had been to a middle school concert and his big brother was in the band (very cool stuff for a 14-year-old!) and as we lay on the floor in our sleeping bags in Bart’s room he said he wanted to play a record that his brother listened to. And, ... (click for more)

Roy Exum: Prove No Improvement

The startling news that this year’s standardized testing was wasted on graduating seniors across Tennessee is most unsettling. This week it was learned the test results, which were to represent 10 percent of our seniors’ final grades, was a total bust. Coupled with last year’s gargantuan testing failure – the whole effort had to be scrapped -- it is now becoming realized that for ... (click for more)