Earlier this week Senators Charles Schumer and Robert Menendez announced comprehensive legislation to reduce the tax burden on those financially impacted by superstorm Sandy in October 2012. The proposal is called “The Hurricane Sandy and National Disaster Tax Relief Act of 2012.” The legislation will include a new Work Opportunity Tax Credit category for new[…]
Brian Kelly with CMS states that under the new ‘‘American Taxpayer Relief Act of 2012’’, H.R. 8 Senate Amendments. Employment tax credits for employers have been renewed though the end of 2013. Work opportunity tax credit. This bill extends for two years, through 2013, the provision that allows businesses to claim a work opportunity tax[…]
The American Taxpayer Relief Act of 2012, which passed the Senate early Tuesday morning, and is expected to be signed by President Obama, is a vehicle for a number of regular year-end tax extenders, including the Work Opportunity Tax Credit, through 2013. Congress also extended the “Indian employment credit” for businesses that hire individuals who[…]
Merry Christmas, Happy Holidays and Happy New Year from the CMS, iRecruit & WOTC team!
All eyes are on Washington D.C. as we awaiting a finalized budget from President Obama and the Republican Congress resolving the so-called Fiscal Cliff. We are expecting the passage of The Family and Business Tax Cut Certainty Act of 2012 and the Work Opportunity Tax Credits (“WOTC”) to be extended for 2013 and retroactively be[…]
Brian Kelly explains the Work Opportunity Tax Credit. For details about our WOTC services, please call Brian directly at 860-678-4401 or visit: www.cmswotc.com ### About Cost Management Services Cost Management Services (CMS – www.cmshris.com) has been providing employer based solutions, including Employment Tax Credit Services (www.cmswotc.com); web‐based recruiting solution – iRecruit (www.irecruit-software.com) developed by CMS);[…]