Work Opportunity Tax Credits
1-800-517-9099

Work Opportunity Tax Credit Program

"We have been using CMS' tax credit program for over five years now, and the results have been excellent, saving us over $100,000 over all our corporations.  I would strongly recommend using Cost Management Services' Tax Credit Program."
- Rich McCarthy, Great American

  Work Opportunity Tax Credits In The News

Tuesday, June 1, 2010

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Monday, March 22, 2010

The Federal HIRE Act

Farmington, CT March 22 -- CMS, a leading provider of Employer Solutions, including iRecruit, CMS’s Employment Tax Credit (WOTC) processing services, Sage Software HR, payroll and benefits administration, announced it is ready to assist its clients with specific statutory and other compliance requirements associated with the Federal HIRE Act. The Hiring Incentives to Restore Employment (HIRE) legislation was recently passed by Congress and was signed into law by President Obama on March 18th, 2010.

"The intent of the HIRE Act by Congress and the Administration is to reinvigorate the workforce," said Brian Kelly, President of CMS. "While these measures will certainly be welcomed by employers, staying compliant in this complex and quickly changing business environment can be a burden for companies of all sizes. CMS is committed to making it easy for clients to remain compliant while reducing expenses and increasing cash flow."
CMS helps clients understand and take advantage of complex employment-related tax credit legislation such as the job creation provisions within the HIRE Act. The HIRE Act eliminates the current 6.2 percent employer Social Security tax for eligible new hires, generating immediate savings that will positively impact an employer's bottom line. In order to obtain the credit, it also requires any new hire to certify his/her previous employment status by signed affidavit. Additionally, companies are afforded either a significant income tax credit of $1,000 per qualifying worker once the worker is employed for at least 52 consecutive weeks, or 6.2% of wages paid to the qualifying worker over the 52-week period, whichever is less.

For clients of all sizes already using Sage Abra's payroll systems and whose new employees are eligible under the HIRE Act, Sage Software is implementing changes to their product offerings to help organizations comply with the HIRE Act and will reflect the legislative changes in an upcoming release.

Combine this new Hire Act legislation with CMS WOTC services and business stands to potentially save up to $9,021.00 per new hire who has been without full-time employment for at least 60 days.


CMS's offering includes:

CMS WOTC service performs a complete solution for employers to take advantage of the Federal Employment Tax Credits available. CMS provides pre-screening for all new hires to identify eligible employees, and performs all correspondence to state and federal agencies for employers to maximize the tax credits savings, tax credits can be as much as $6,000 per new employee. For more information and to obtain an estimate of a company's potential savings, please visit www.cmswotc.com or call 1-800-517-9099.

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Wednesday, November 4, 2009

How Businesses Can Save Money on Holiday Hiring

How Businesses Can Save Money on Holiday Hiring
With just a few weeks to go until Thanksgiving, Christmas and Hanukkah, retailers are seeking to fill seasonal positions

Snagajob.com is reporting that on average retailers plan to hire 3.1 seasonal employees in 2009, a drop of 16% from last year. They report that retailers aren't the only ones hiring. Other good bets include warehouse jobs, restaurant jobs and hotel jobs. Tax preparation companies like Jackson Hewitt and H&R Block also offer seasonal jobs.

If you are hiring seasonal employees this holiday season you are not alone. Thousands of companies nationwide have already begun their annual holiday hiring to accommodate the expected increase in seasonal sales.

The holiday hiring season provides a huge opportunity for employers to take advantage of the Work Opportunity Tax Credit. WOTC applies to new hires only for employees who fall into one of the following categories:
  • Designated Community Resident
  • Ex-Felon
  • Family Assistant Recipient
  • Family Assistant Recipient (long term)
  • SNAP Recipient (food stamps)
  • SSI Recipient
  • Summer Youth
  • Veteran
  • Veteran (disabled)
New hires do not have to be full-time employees in order for you to qualify for the tax credit. As long as the employee works between 120 - 400 hours for your company you can receive up to 40% of their wages (up to $6,000) in tax credits.

CMS has processed WOTC tax credits for companies for over 13 years and based on our experience up to 15% of the workforce is eligible for the employment tax credits. Why aren’t you taking advantage? Call CMS today at 1-800-517-9099 to find out how we can save you money this holiday season.

Calculate your potential tax savings with our WOTC Tax Credit Savings Calculator


About CMS
CMS - Sage Abra HRMS is a Sage Software Select certified Business Partner, providing Sage Abra HRMS software solutions to the North East. CMS has been providing Sage Abra HRMS (Human Resource Management Systems), Recruiting, Payroll, Benefits Enrollment, Training, Time and Attendance, Employee Self Service, and Work Opportunity Tax Credits solutions since 1997. Call CMS Today For a Free Assessment of Your HR & Payroll Software Needs at 1-800-517-9099.

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