Here is one of those topics that I seem to be talking about more and more lately. It could be because of all of the people in the armed services at the moment, or it could be because more and more employers know about the value of hiring this type of employee. But we sure have been talking about vets a lot lately here at this blog whatever the reason.
For instance, Massachusetts recently announced how it is giving tax credits when employers hire veterans at their businesses. That is right. You heard it here first. The state of Massachusetts offers employers tax breaks when they employ veterans. All the vet needs to do is fill out a form when they get hired and file that form with the Department of Workforce Development in Massachusetts. The paperwork must be given to the employer in this case before they even hire the vet on the job.
If these conditions are met, and the vet is in fact a vet of military service for this country, then the Massachusetts employer can get up to $2400 in tax credits for each vet they hire I believe. The employers especially get this credit if the vet happens to be disabled or in a low income tier bracket.
Employers interested in hearing more can either contact the Department of Workforce Development in Massachusetts, or the Department of Veterans’ Services in the state as well. Just the tax break money alone is worth the effort to get more details on this program by the state of Massachusetts. But just think of the benefit that you could give to the vet returning from serving his or her country, possibly disabled, as well as the family and children of that vet, when you hire them at your company.
The Department of Revenue is the agency in the state of Massachusetts that handles the new hire reporting for employers. The Department of Revenue in Massachusetts collects all of the new hire information from employers, as well as information on independent contractors, and has the job of putting it all together on a computer database.
Then the Massachusetts Department of Revenue compares its own database for new hires with a database for people who are not paying their required child support payments. When a match comes up between the two lists, then the Massachusetts Department of Revenue contacts you, the employer. They then ask you to withhold funds from that employee’s paycheck so that they can begin to pay off their child support payments. Or the state Department of Revenue will ask you to remit funds directly to them.
The Massachusetts Department of Revenue doesn’t stop there. It next compares its database of names of new hires to other databases, particularly those that have to do with public welfare benefits, such as food stamps, unemployment compensation, and transitional assistance. Here, the comparative databases are provided by other Massachusetts agencies, like the Department of Transitional Assistance and the Department of Unemployment Assistance. The purpose of these checks are to make sure that people should be getting these programs, and that people who are that shouldn’t be are stopped. We’re talking millions in fraud money that the Massachusetts Department of Revenue could put a halt to.
To this end, Massachusetts employers, consider it your duty to report all of your new employees and new independent contractors to the Department of Revenue. You should double check first before you start whether or not the payroll service you use already does the reporting for you, because some do, or can if you ask them.