hurricane-relief-employment-tax-credits

CMS’ Brian Kelly Heads To Houston, TX For Disaster Relief Seminar

The Lake Houston Economic Development Partnership (EDP) will host a seminar, Relief After Harvey presented by CenterPoint Energy, on Monday, October 23, 2017. Speakers include Brian Kelly, President of Cost Management Services, and Mark Mitchell, President of Lake Houston EDP. Did your business have to cease operations at any point in time after August 23rd due[…]

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New CPA Webinar: Hurricane Tax Credit Relief & Employment Tax Credits

NEW HURRICANE TAX CREDIT RELIEF ACT H.R. 3823 & EMPLOYMENT TAX CREDITS – “WOTC” CMS is hosting a free webinar with CPA Credits available on Friday, October 20th at Noon. Accountants & CPA firms will learn about the new legislation employment tax relief act and federal “Path ACT” legislation. Start out learning about the new[…]

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WOTC Statistics: Mississippi 2011-2016

The great state of Mississippi has provided CMS with WOTC statistics for the past several years. Data is listed by Fiscal year, as displayed below. What I enjoy about these reports is that you can see there has been an almost 50% increase in employer participation over the past six years, which means employers are[…]

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WOTC Statistics: Massachusetts 2012 – 2017

The state of Massachusetts Department of Career Services has provided CMS with its Work Opportunity Tax Credit statistics for 2012 through 2017. Between January and June of 2017 the Bay state has issued 13,604 Work Opportunity Tax Credit certifications to employers who hired individuals from certain target groups. This puts Massachusetts on the path to[…]

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hurricane-relief-tax-credits

President Trump Signs Emergency Hurricane Relief Legislation for victims of Hurricanes Harvey, Irma and Maria

On Thursday morning, The House of Representatives passed H.R. 3823, the Disaster Tax Relief and Airport and Airway Extension Act of 2017, signed by President Trump on Friday last week. The Hurricane Harvey, Irma and Maria employee retention credit for any taxable year is an amount equal to 40 percent of the qualified wages with[…]

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Brian Kelly CMS WOTC Work Opportunity Tax Credit Webinar

October Work Opportunity Tax Credit (WOTC) Webinar Schedule

Learn about the latest WOTC updates, why the 28-day rule is so important, and why there has never been a better time to take advantage of the Work Opportunity Tax Credits  (WOTC) with our WOTC expert Brian Kelly. Learn about what’s upcoming and how much you could potentially save using the WOTC. Call CMS toll-free[…]

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House stalls on tax relief for Hurricanes Harvey, Irma, Maria victims

Democrats criticized a Republican-crafted disaster tax relief package Monday for providing victims of Hurricanes Harvey, Irma and Maria with benefits that were not approved after Superstorm Sandy in 2012. The opposition kept the bill, which was introduced Friday and brought up under a special procedure, from getting the needed two-thirds majority needed for passage as[…]

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WOTC Statistics: Utah 2015 – 2016

The state of Utah’s Department of Workforce Services has provided CMS with its Work Opportunity Tax Credit statistics by target group for 2015 and 2016. The Work Opportunity Tax Credit (WOTC) is a federal tax credit incentive that Congress provides to employers that hire individuals from target groups who have consistently faced significant barriers to[…]

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WOTC Dashboard

New WOTC Dashboard

Your WOTC account allows you to view detailed up-to-date information in real time. Track each submission, and make sure you’re not missing any new hires. In addition, you can track the value of your certifications on your new WOTC Dashboard. This is a date-range report that will give you an overview of your activity. The[…]

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Potential New WOTC Target Groups

The Work Opportunity Tax Credit program is an enormously valuable program for employers. On average 10-15% of new hires may qualify under one of the nine current target groups, a potential expansion is always on the table: The 115th Congress (2017-2018) has received the following recent proposals to amend the Work Opportunity Tax Credit program[…]

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