WOTC FAQ

WOTC Questions: Do employers benefit from hiring veterans?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box: CMS Says: Yes, there are benefits to hiring veterans. Firstly, to be considered a veteran, the applicant must: Have served on active duty (not including training) in the Armed Forces of[…]

WOTC FAQ

WOTC Questions: Do you know how many veterans are hired each year with the assistance of the WOTC?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box: CMS Says: There is limited statistical data available broken down by category. Looking back at 2013 and 2014 WOTC data, individuals qualified under the Veteran categories accounted for 4.9 percent in 2013[…]

WOTC FAQ

WOTC Questions: I’m trying to figure out if an employee can be referred by more than one agency (Veterans Affairs, Ticket to Work Program, Rehabilitation Agency) for WOTC eligibility?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box: CMS Says: It is possible a new hire could be referred to you by more than one agency who gives them a conditional certification. However, you as the employer will only[…]

WOTC FAQ

WOTC Questions: What’s the tax credit for new hires in Florida?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box: CMS Says: Employers in Florida (and the rest of the United States) are eligible for a WOTC Tax Credit of up to $9,600 for hiring individuals from target groups. WOTC target[…]

WOTC FAQ

WOTC Questions: Do you offer training to employers who want to do the screening themselves?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box: CMS Says: While we do offer screening services, and that’s what most of our customers do. We have also offered webinars, and performed training for CPA Academy webinar guests, Chambers of[…]

WOTC FAQ

WOTC Questions: Can I Re-hire a Former Employee?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box: CMS Says: Not in this case. Even if the employee only worked for you for a short period of time, because they are a rehire they do not qualify. The Work[…]

WOTC FAQ

WOTC Questions: Do companies get a tax break for hiring disabled?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box: CMS Says: Yes, under the Vocational Rehabilitation Referral target group you could be eligible for a tax credit for hiring someone who qualifies in that category. A Vocational Rehabilitation Referral[…]

WOTC FAQ

WOTC Questions: Do You Work With Franchises?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box: CMS Says: Yes absolutely! We work with several restaurant franchises and a very well known cleaning franchise as well as nursing and others. Franchises are well positioned to take advantage of[…]

WOTC FAQ

WOTC Questions: Can I Hire My Brother-in-law?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box: CMS Says: Sorry, your brother-in-law would qualify as a family member making him ineligible to qualify. Other ineligible people are relatives or dependents (this includes a spouse), and majority owners of[…]

WOTC Questions: How many people a year qualify for the WOTC credit? I have seen a number as high as 1.5 million employees. Is this correct?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website’s chat box: CMS Says: According to the Department of Labor Work Opportunity Tax Credit Factsheet, for 2016, the latest complete year available, state workforce agencies issued 2,481,930 certifications. With the average tax credit[…]