Many of our customers have inquired as to the status of the Work Opportunity Tax Credit or WOTC as it is known, as they are aware that it has expired as of December 31st, 2011. To date, the program has not been renewed yet, and customers are wondering if they should continue to send in[…]
The February 2012 issue of HR Magazine features an article by Eric Krell discussing the merits of hiring ex-offenders. The feature discusses the legal aspects, including all the risks and rewards and how you can help by hiring an ex-offender. For WOTC purposes an Ex-felon is described as “An individual convicted of a felony and[…]
The Internal Revenue Service has provided new guidance and forms that employers can use to claim the newly-expanded tax credit for hiring veterans. The VOW to Hire Heroes Act of 2011, as enacted on November 21, 2011, expands the Work Opportunity Tax Credit (“WOTC”) to businesses hiring eligible unemployed veterans. For the first time the[…]
WOTC Tips & Tricks to ask yourself before you send your employee Work Opportunity Tax Credit (WOTC) application forms to us for processing: 1. Did your employee sign and date the forms correctly? 2. Is the required information complete? 3. Did you put in the employee’s start date? 4. Did you[…]
States are reporting big numbers for the 2011 Work Opportunity Tax Credit. In Illinois businesses reportedly hired over 27,000 new employees through the federal tax credit in 2011. The state of Washington is also reporting that businesses in that state received a record $56 million tax break in 2011. Washington’s Employment Security agency received more[…]
Happy New Year! Please find below our top eight posts about the Work Opportunity Tax Credits “WOTC” from 2011! Vow to Hire Heroes Act 2011 http://cmswotc.blogspot.com/2011/11/vow-to-hire-heroes-act-of-2011.html Brian Kelly Features in Blytheco’s Bellwether Magazinehttp://cmswotc.blogspot.com/2011/10/brian-kelly-featured-in-bellwether.html Brian Kelly on the Potential Expansion of the Work Opportunity Tax Credithttp://cmswotc.blogspot.com/2011/09/expansion-of-work-opportunity-tax.html Video: Introduction to the Work Opportunity Tax Credithttp://cmswotc.blogspot.com/2011/07/work-opportunity-tax-credit.html CMS Announces New[…]
On November 21, 2011, the President signed into law the VOW to Hire Heroes Act of 2011. This new law provides an expanded work opportunity tax credit to businesses that hire eligible unemployed veterans and for the first time also makes part of the credit available to tax-exempt organizations. Businesses claim the credit as part[…]
Unemployment among veterans remains more than twice the national rate of unemployment. That means nearly one in five returning veterans can’t find a job to support their family or ease their transition to civilian life. Yesterday, November 10th, 2011 the Senate passed the VOW to Hire Heroes Act, the bipartisan bill was passed unanimously, and[…]
CMS’ Brian Kelly had an opportunity to speak with Bellwether magazine’s “your people” issue about how companies can save money with the Work Opportunity Tax Credit. Click here to read our Work Opportunity Tax Credit feature in @BlythecoLLC Bellwether magazine: http://bit.ly/okezzA CMS helps companies of all sizes save money by taking advantage of the Work[…]
Learn about the Work Opportunity Tax Credit program and how much you could potentially save your business in our October webinars. Join WOTC Expert Brian Kelly, President of CMS, on October 5th or October 19th at 9:30 am to get your questions answered, find out what your potential savings are, and learn the latest news[…]