In 2022 the state of California issued 212,688 Work Opportunity Tax Credit certifications. The Work Opportunity Tax Credit, known as WOTC, is a federal tax credit available to employers who hire individuals from target groups, that include qualified Veterans, individuals on food stamps and more. The Work Opportunity Tax Credit is available throughout the United States, and in[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What Is the Work Opportunity Tax Credit? CMS Responds: The Work Opportunity Tax Credit is a federal hiring incentive designed to get folks from 10 targeted groups back into the workforce. The financial incentive is between $2,400 and $9,600 depending[…]
What is “WOTC” or the Work Opportunity Tax Credit? The Work Opportunity Tax Credit is a federal hiring incentive designed to get individuals from ten target groups back into the workforce. 10-15% of all new hires may be eligible. Please join our WOTC subject matter expert Brian Kelly this month to learn about the Work Opportunity[…]
CMS Work Opportunity Tax Credit Newsletter January 2024 Happy New Year from everyone at CMS! Our goal for 2024 is to continue to provide you with the best possible service and to continue to improve on our support and services by listening to your feedback to see where we can do better. – The CMS[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is it Worth it to use the Work Opportunity Tax Credit? CMS Responds: Is it Worth it for Employers to do the Work Opportunity Tax Credits? Absolutely! We know that statistically over the last 20+ years of performing WOTC services[…]
Happy New Year from everyone at CMS! Wishing a safe and Happy New Year to all our customers, business partners and friends! Our goal for 2024 is to continue to provide you with the best possible service and to continue to improve on our support and services by listening to your feedback to see where[…]
Happy New Year! At this time of year we like to take a look back at some of our most popular blog posts of the year. So here is this year’s list of the top CMS WOTC blog posts of 2023! CMS’s Brian Kelly Featured on the Sage Thought Leadership Podcast Cost Management Services’ Brian[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. This week we’re taking a look back at five of the most common questions we get about the Work Opportunity Tax Credit. Question One: Is it Worth it to do the Work Opportunity Tax Credit? CMS Responds: Is it Worth it for Employers to[…]
(Via Giphy. See more Christmas GIFs) Season’s Greetings and Happy Holidays from Cost Management Services! May your days be filled with peace, hope, and joy this holiday season! Thank you for your business and support in 2023! Let’s look forward to an amazing 2024! Our offices will be closed on Monday, December 25th-26th in[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Which State Issued the Most Amounts of WOTC Tax Credits? CMS Responds: Which state issues the most amounts of WOTC Tax Credits? Actually, it follows our population. The top three are Texas, California and Florida. States that issued the most[…]