Happy New Year! At this time of year we like to take a look back at some of our most popular blog posts of the year. So here is this year’s list of the top CMS WOTC blog posts of 2023!
CMS’s Brian Kelly Featured on the Sage Thought Leadership Podcast
Cost Management Services’ Brian Kelly was recently featured on the Sage Thought Leadership Podcast hosted by Ed Kless. Brian discusses the benefits of the Work Opportunity Tax Credit program.
Getting Started with the Work Opportunity Tax Credit
In 25 years of providing valuable WOTC Screening and Administration services we’ve saved millions for our customers.
Work Opportunity Tax Credit Statistics for Kansas 2022
In 2022 the state of Kansas issued 37,240 Work Opportunity Tax Credit certifications.
Can I Rehire a WOTC Applicant to Meet the 28 Day Rule?
If I have a new hire who would qualify, and it’s after 28 days, can I release them and then rehire them to meet the 28-day rule?
Understanding WOTC’s Target Groups: Qualified Veteran, Disabled or Unemployed Veteran
WOTC Screening is used to determine if a new hire is a member of one of the Work Opportunity Tax Credit’s ten target groups that would make the employer eligible to receive a tax credit for hiring the individual.
Work Opportunity Tax Credit Statistics 2022
The latest statistics for the Work Opportunity Tax Credit from 2022 have recently been released by the U.S. Department of Labor, and the data shows that a total of 2,569,646 total Work Opportunity Tax Credits were issued in the United States in 2022.
Which U.S. State Issued the Most Amounts of WOTC Tax Credits?
Actually, it follows our population. The top three are Texas, California and Florida.
How Are the Work Opportunity Tax Credits Calculated?
There’s actually two benchmarks, the first one is the employee has to work a minimum of 120 hours and qualify for one of the targeted groups.
Is it Worth it to do the Work Opportunity Tax Credit?
Absolutely! We know that statistically over the last 20+ years of performing WOTC services that 10-15% of the workforce qualifies for the WOTC program.
Can We Go Paperless with Work Opportunity Tax Credit Screening?
We see about a 30% better tax credit rate by going to electronic tools such as our online web portals. So absolutely, you can go paperless. We can insert our WOTC services right within your electronic hiring process.
About Our WOTC Screening Services
- Why you should use CMS’s WOTC Tax Screening Service rather than doing it yourself.
- Get an idea of how much you could be saving by utilizing the Work Opportunity Tax Credit for your company, try our WOTC Calculator.
- Are you a CPA or tax service provider? Find out how you can become a strategic Business Partner.
Contact CMS Today to Start Saving!
In 25 years of providing valuable WOTC Screening and Administration services we’ve saved millions for our customers.
Contact CMS today to start taking advantage. Call 800-517-9099, or click here to use our contact form to ask any questions.