CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How are the Work Opportunity Tax Credits Calculated? CMS Responds: The Work Opportunity Tax Credit is calculated based on three different variables. First the employee has to qualify for one of the ten target groups. secondly they have to work[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I Integrate the WOTC Program with my Employee Onboarding Software? CMS Responds: Absolutely, CMS WOTC program can integrate with any onboarding or payroll system that’s on the marketplace today. About Our WOTC Screening Services Why you should[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is There a Minimum Wage for the Work Opportunity Tax Credit? CMS Responds: There is no specific minimum wage related to the Work Opportunity Tax Credit program. So, it would be whatever the minimum wage is in your state. When it[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Are employees eligible if they check more than one box on the WOTC forms? CMS Responds: The Work Opportunity Tax Credit is a federal hiring incentive designed to get folks from 10 target groups back into the workforce. Qualifying new[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Are Employees Eligible for More Than One WOTC Target Group? CMS Responds: The Work Opportunity Tax Credit is a federal hiring incentive designed to get folks from 10 targeted groups back into the workforce. Qualifying new hires may technically be eligible[…]
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[…]
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[…]
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[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What If My Company Did Not Make Enough Money to Use WOTC Tax Credits This Year? CMS Responds: What Happens If My Company Did Not Make Enough Money to Use WOTC Tax Credits This Year? The good news is[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I Use WOTC Forms That Were Never Submitted? CMS Responds: It’s not uncommon for people using paper applications to let that pile up, and be misplaced within their office. So that’s why we encourage you to use our web[…]