Businesses making careful budgetary decisions should consider hiring veterans as a smart business move. Many businesses are unaware of the tax credits available to them if they hire veterans. Work opportunity tax credits give employers incentive to hire new employees – as long as those employees are veterans. Doing the right thing by hiring veterans who have served in the military can also help your bottom line. If you are considering hiring a veteran make sure you are aware of the tax credits you may be entitled to.
- Under the Returning Heroes tax credit, businesses can receive up to $2,400 for hiring veterans who have been unemployed for at least four weeks, and can receive up to $5,600 if the veteran has been unemployed longer than six months.
- The Wounded Warrior Tax credit reimburses businesses at a maximum of $4,800 for hiring veterans with injuries incurred from service, and up to $9,600 for hiring veterans with service-related disabilities who have been unemployed for longer than six months.
To learn more visit: http://agbeat.com/finance/generous-tax-credits-for-hiring-veterans-extended-through-2013/
In addition to the tax benefits of hiring veterans, employers can count on veterans to be exemplary employees. Characteristics veterans have honed in the military include:
- Insight as to how their actions impact other people
- Understanding their actions and behaviors reflect on the organization
- Demonstrating commitment to the greater good
- Preparedness and Flexibility
- Quick thinkers
- Variety of cross-functional skills
- Organization and discipline
- Ability to follow through
- Strong work ethic
- Able to problem solve quickly and creatively
Hiring smart means finding the best employees while continuing to be mindful of your bottom line. If you’re going to hire – be smart – hire a vet. It’s just good business!
