At CMS we have been providing Work Opportunity Tax Credit (WOTC) administration services since 1997. With over 20 years of experience, we would like to offer you some tips to make sure you get the maximum tax credit available in 2019. The WOTC program is active throughout 2019. Include the WOTC forms (8850 and 9061) as part[…]
The Work Opportunity Tax Credit (WOTC) is preserved through at least January 1, 2020. Please continue to send your WOTC applications (online, by mail, or by phone), within 28 days of the new employee’s start date. The WOTC program incentivizes employers to hire individuals who face significant barriers to employment, thereby facilitating access to good[…]
We would like to remind customers who are doing a lot of hiring over the next few months to make sure you send us your WOTC paperwork within 3 weeks of the employee’s start date. Because of the WOTC 28 Day Rule CMS has just 28 days from the employee’s start date to submit your forms[…]
Qualified Veterans need to provide a copy of their Certificate of Release or Discharge from Active Duty form, known as a DD214. The state of Pennsylvania reports that the easiest and fastest way to get a Work Opportunity Tax Credit (WOTC) Certification for your Veteran applications is obtaining a DD214. The easiest way to receive[…]
CMS is pleased to announce we will host another Work Opportunity Tax Credit (WOTC) webinar with the CPA Academy: 2018 Federal Work Opportunity Tax Credit (WOTC) Employment Update. The 1 hour session is free and open to anyone interested in learning how to add value to your CPA services, or save money when hiring new employees,[…]
In a letter to Connecticut Senator, Richard Blumenthal, CMS’s Brian Kelly is calling for the Work Opportunity Tax Credit (WOTC) to be made permanent. WOTC is typically renewed every few years. However, was recently threatened by tax reform legislation. According to Politico: “The Work Opportunity Tax Credit is one of dozens of small programs on[…]
A busy day for us here at CMS, mailing out tons of WOTC credits to our customers. Imagine receiving an early Christmas present of $10,000, $30,000 or more in the mail! It’s our pleasure to maximize your Work Opportunity Tax Credit. CMS has been administering WOTC programs for employers since 1997. On average 15% of your[…]
Work Opportunity Tax Credit, known as WOTC, can boost your bottom line as an employer. WOTC is an employment tax credit available to employers who hire individuals from target groups that include veterans, individuals on SNAP (food stamps) and the long-term unemployed. How to calculate your potential tax credits with WOTC Use the calculator below to[…]
“Yahooooo!” said CMS’s Brian Kelly, “WOTC is alive!” The excitement is evident in our WOTC processing office in Farmington, CT as we begin to receive certifications for tax credits that were on hold during 2014. Over the past few days states have begun to send us their certifications for the 2014 tax year. CMS customers[…]
The CT News Junkie website reports that U.S. Senator Richard Blumenthal visited with veterans this week at Bristol’s Arna Machine to help promote hiring and tax credits. Nick Saucier, a former Army sniper who spent time in Afghanistan, has found that the skills he learned in the military now serve him well as a machinist.[…]