Congressman Aaron Schock (R-IL) along with New York City Congressman Charles Rangel has introduced bipartisan legislation to extend the Work Opportunity Tax Credit that is set to expire at the end of this year. The Work Opportunity Tax Credit (WOTC), a federal tax credit authorized by Congress, has played a vital role in providing assistance[…]
7 WOTC Tips & Tricks to ask yourself before you send your employee Work Opportunity Tax Credit (WOTC) applications to us: Did your employee sign and date the forms correctly? Is the required information complete? Did you put in their start date? Did you put in their job title and wage? Did the employee provide[…]
CMS will be airing a new radio commercial on WTIC-AM beginning Monday morning on the Ray Dunaway show. The 15-second spot highlights our Work Opportunity Tax Credit Services. Preview the commercial below. Under the WOTC program our clients are averaging $2,400.00 per qualified tax credit and we work with your companies HR department to streamline[…]
Senate Finance Committee Chairman Max Baucus (D-Mont.) and Senator Chuck Grassley (R-Iowa) announced last week that they have introduced legislation to create job opportunities for veterans returning home from war and help businesses create jobs. This Veterans Employment Transition Act, or the VETs Jobs bill, would reward employers for hiring qualified veterans who have recently[…]
President Obama’s New Hire Act expired on 12/31/2010, so public and private companies whom are looking for tax savings should now focus on taking advantage of the federal employment tax credits i.e. the Work Opportunity Tax Credit Program “WOTC”. Under the WOTC program our clients are averaging $2,400.00 per qualified tax credit and we work[…]
Seven months ago, House Speaker Nancy Pelosi hailed a new tax credit aimed at spurring businesses and nonprofits to hire unemployed people. The credit would restore the public’s confidence in the government’s ability to get the economy back on track, she said. Congress enacted the HIRE (Hiring Incentives to Restore Employment) Act, which allows employers[…]
Target Group Name Long-Term Family Assistance Recipient Target Group Definition A member of a family who has received TANF for at least the last 18 consecutive months ending on the hire date; OR for any 18 months beginning after 8/5/97, and was hired within two years of the 18th month; OR stopped being eligible for[…]
Target Group Name Unemployed Veteran Target Group Definition An individual who was discharged or released from active duty in the Armed Forces at any time during the five-year period ending on the hire date; AND received unemployment compensation under State or Federal law for not less than four weeks during the one-year period ending on[…]
Target Group Name: Title IV-A Recipient Target Group DefinitionA member of a family who received Temporary Assistance to Needy Families (TANF) for any nine out of the 18 month period ending on the hire date. Maximum Amount of Credit40% of first-year Qualifying Wages for those new hires employed at least 400 hours; 25% of first-year[…]
Target Group NameEx-Felon Target Group Definition An individual who was convicted of or released after serving time for a felony within one year prior to the hire date. Maximum Amount of Credit 40% of first-year Qualifying Wages for those new hires employed at least 400 hours; 25% of first-year Qualifying Wages for those new hires[…]