Business leaders in the Illinois Valley area hailed the passage of a bill that extends the life of enterprise zones by an additional 25 years. Tuesday, Gov. Pat Quinn signed a new law extending the Illinois Enterprise Zone program. Public Act 97-905 should create greater long-term stability for businesses and attract more investment in Illinois[…]
CMS’s tax credit expert Brian Kelly (pictured) comments on the new The Family and Business Tax Cut Certainty Act of 2012 that includes provisions to extend the Work Opportunity Tax Credit through 2013, and retroactively back to the beginning of 2012: “CMS has experienced the same process over the last 15 years of wondering if[…]
The Senate Finance Committee has approved “The Family and Business Tax Cut Certainty Act of 2012.” The committee approved the package of more than $205 billion in tax cut extensions for families and businesses by a bipartisan vote of 19-5. This act includes an extension of the Work Opportunity Tax Credit, as well as the[…]
CMS’s new Work Opportunity Tax Credit brochure focuses on Veterans. Save on New Hires in 2012 with the Work Opportunity Tax Credit The “VOW to Hire Heroes Act of 2011, now allows employment tax credits for both “For Profit” and “Non Profit” companies under the federal employment tax credit i.e. the Work Opportunity Tax Credit[…]
Keep up-to-date with the latest news on Work Opportunity Tax Credits (WOTC) with our blog. We monitor all the legislative news and updates to keep you informed. Here are some of the latest WOTC news updates from around the web: Illinois Department of Employment Security announces web site improvementsThe Illinois Department of Employment Security[…]
The Internal Revenue Service is reminding businesses to take advantage of business tax credits, according to a news release from the IRS. The Work Opportunity Tax Credit provides eligible employers with a tax credit when they hire new employees from a “targeted group.” The credit is up to 40 percent of the first $6,000 of[…]
WASHINGTON, D.C. — Employers that hired unemployed veterans during late 2011 and early 2012 had an expanded period to request the required certification for claiming the expanded Work Opportunity Tax Credit (WOTC). That expanded period ends on Tuesday, June 19. The IRS is reminding employers that for eligible veterans hired on or after Nov. 22,[…]
The Florida Department of Economic Opportunity (DEO) has announced a new paperless alternative to the traditional WOTC application process. The traditional process required employers and consultants, like CMS, to mail the original signed copies of the WOTC application forms to the State. Florida’s new e-WOTC system allows employers and consultants to access the online system[…]
Keep up-to-date with the latest news on Work Opportunity Tax Credits (WOTC) with our blog. We monitor all the legislative news and updates to keep you informed. Here are some of the latest WOTC news updates from around the web: Rebuild America Act Introduced, seeks to extend the Work Opportunity Tax Credit through 2015 U.S.[…]
Senator Harkin (D-IA) introduced S. 2252, the Rebuild America Act of 2012. A bill to rebuild the American middle class by creating jobs, investing in our future, building opportunity for working families, and restoring balance to the tax code. The bill seeks to improve the employment and economic security of America’s middle class. Among its[…]