The BizFilings blog covering business tips and trends.
Are You Hiring Youth This Summer?
Published on Jun 8, 2010
Read our article, 'Are You Hiring Youth This Summer?' at 'Time to Start Up,' the small business blog by BizFilings.
At the ripe old age of 12, I began a steady summer career as a baby sitter for three kids. I retained that job throughout the school year on weekends and occasional weeknights until I was 16 years old. I learned early on about discipline, responsibility and accountability.
It's that time of year again where you may be thinking about adding youth to your small business payroll this summer. Not only will you be giving these individuals an opportunity to learn some valuable life lessons and earn their keep, but you may also want to factor in whether or not you qualify for the work opportunity tax credit for hiring summer youth.
This hiring tax credit is perfect for businesses that hire extra employees between May 1 and September 15 who are at least 16 but not yet 18. However, the employee must have no previous employment with the employer and must live in a federally designated Empowerment Zone, Enterprise Community or Renewal Community.
"Employers are allowed a tax credit equal to 40 percent of qualified first-year wages paid during any year to employees from certain targeted groups. The maximum tax credit per employee is typically $2,400 ($4,800 for certain qualifying veterans and $1,200 for certain qualified summer youth employees)," - according to Toolkit.com - a free resource for small business owners.
You may also consult with YouthRules to find out if you are in compliance with the youth employment conditions of the Fair Labor Standards Act.
We'd like you to share your experiences with us about hiring youth, especially if it's your first time employing teens. How did you find the employee? What lessons were you able to teach him or her? What did you learn from your very first job?