At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: Can I claim the WOTC for myself if I form my own company? CMS Says: Sorry, as an owner of the business you would be[…]
At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: Trying to find Percentage of Employees in Workforce Eligible for WOTC. CMS Says: Interesting question. We can answer it a couple of ways. Firstly, from[…]
At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: Are 1099 Employees Eligible to Participate in WOTC program? CMS Says: Employees who receive a 1099-MISC form are considered to be Independent Contractors, not employees.[…]
At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: Is there a California state Tax Credit for hiring ex-offenders? CMS Says: Yes, the Work Opportunity Tax Credit is available to employers in the State[…]
At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: Hi, Can an employer claim the WOTC every year for the same disabled employee, or it a one time thing when they are hired? CMS[…]
The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021. Eligible employers can get immediate access to the credit by reducing employment tax deposits they are otherwise required to make.[…]
At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: Do you have an online application for WOTC? CMS Says: Yes we do. CMS provides three ways for customers to do WOTC processing with us.[…]
At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: Do you include all regular, overtime, and holiday hours when determining the hours worked? CMS Says: Yes you do. Include all hours that are compensated[…]
At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: What is the definition of a new hire? Are rehires eligible for WOTC? CMS Says: A new hire is someone you are bringing onboard to your[…]
At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box that we try to answer: The company I work for is requiring that each and every employee fills out the 8850 is this legal? CMS Says: It is legal for companies[…]