CMS Streamlines Work Opportunity Tax Credit Administration
CMS streamlines and simplifies the WOTC application process for employers. CMS’s secure online WOTC portal allows your new hires to complete the WOTC questionnaire online in minutes. Employees sign the forms electronically. No paperwork required.
H.R. 2133: Veterans Back to Work Act of 2013
Congressman Ted Poe, R-Texas, has introduced legislation H.R. 2133 Veterans Back to Work Act of 2013 to amend the Internal Revenue Code of 1986 to make permanent the work opportunity tax credit for veterans.
2012 WOTC Target Group Certifications
Each year, State Workforce Agencies (SWAs) provide details to the Department of Labor on the activity they’ve experienced for the previous calendar year in administering the WOTC program.
Bipartisan Coalition Introduces Hurricane Sandy Tax Relief
Legislation will complement federal aid by providing additional tax relief to businesses, individuals and municipalities affected by historic storm In order to provide additional assistance to families and businesses struggling to rebuild in the wake of Hurricane Sandy, U.S. Rep. Bill Pascrell, Jr. (D-NJ-09) lead a bipartisan coalition including Reps.
Tennessee Employers Earn $232 Million On New Hires
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.
Mike Bloomberg Announces Federal Approval of Funds for Hurricane Sandy Relief
The $1.8 billion in federal funds allow NYC to extend relief to more New Yorkers in need, particularly home owners and small businesses with extensive damages and expenses.
CMS Joins NAPEO
CMS has joined the National Association of Professional Employer Organizations “NAPEO” to provide services, resources and tools to capture federal employment tax credit initiatives. The two most recent pieces of legislation includes “American Tax Payer Relief Act” and the “Vow to Hire Heroes Act”.
Frequently Asked Questions About the Work Opportunity Tax Credits
The Work Opportunity Tax Credit (WOTC) is a Federal tax credit incentive that Congress provides to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment.
Call Now To Sign Up and Save
CMS has helped companies save money on new hires by maximizing tax credits available through the Work Opportunity Tax Credit since 1997. There’s never been a better time to start saving. Call today to speak to a tax credit expert 1-800-517-9099.