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Cost Management Services has been working with employers for over 15 years to save money by taking advantage of the Work Opportunity Tax Credit program.
The Work Opportunity Tax Credit Program or “WOTC” was enacted to promote the hiring of individuals who qualify as a member of a target group, and to provide a federal tax credit to employers who hire these individuals.
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 of the general business credit and tax-exempt organizations claim it against their payroll tax liability. The credit is available for eligible unemployed veterans who begin work on or after November 22, 2011, and before January 1, 2013.
We do all the work for you
Get a bonus for your company, while helping others. CMS will provide your organization with the tools to maximize the WOTC tax incentives. In addition CMS will provide the following benefits:
- CMS will identify eligible employees.
- CMS understands all the Federal and State guidelines for your company to obtain the eligible tax credits.
- CMS handles all the administrative duties necessary to obtain WOTC in your state.
- CMS protects your organization from asking the sensitive questions necessary to obtain the WOTC tax credits.
We Guarantee We can Save Your Company Money Click here to calculate your potential savings.