CMS Brian Kelly, in Washington DC

Work Opportunity Tax Credit’s Mega Extension

Happy New Year, 2016 – On December 18, 2015, President Obama signed the Omnibus Spending Bill H.R. 2029 and the PATH Act (Protecting Americans from Tax Hikes Act of 2015) into law. The new legislation provides an unprecedented five-year extension to the Work Opportunity Tax Credit (WOTC) program through 2019, and reauthorizes Empowerment Zones through 2016. In[…]

Share Button
CMS Brian Kelly, in Washington DC

CMS Statement on WOTC Renewal Through 2019

As a leading provider of Work Opportunity Tax Credit (WOTC) administration services, Cost Management Services (CMS) has been vigilantly watching the status of the Tax Extenders bill being debated in Congress this year. We are extremely pleased with the news reported on Friday, as President Obama signed a huge tax and spending package into law[…]

Share Button

WOTC Tax Credit Certifications Arriving Daily

“Yahooooo!” said CMS’s Brian Kelly, “WOTC is alive!” The excitement is evident in our WOTC processing office in Farmington, CT as we begin to receive certifications for tax credits that were on hold during 2014. Over the past few days states have begun to send us their certifications for the 2014 tax year. CMS customers[…]

Share Button

The Waiting Is The Hardest Part

The National Restaurant Association (NRA) is not alone when they wonder “Will Congress let a key tax credit die?” Speculation has been increasing over the past few weeks about the EXPIRE act, which includes WOTC legislation. Bipartisan legislation introduced last month by Reps. Charles Rangel (D-N.Y.) and Aaron Schock (R-Ill.) would renew the WOTC and[…]

Share Button

Reminder to WOTC Customers

Reminder to CMS’s customers using the Work Opportunity Tax Credit Administration service. If you are using CMS’s WOTC administration service please continue to have all your new hires complete the WOTC paperwork, either online through your secure portal web link, or via the 1-800 Call Center, or via mail within 28 days of their start date. Despite the federal[…]

Share Button