CMS Work Opportunity Tax Credit Newsletter May 2025
In this issue:
- Cost Management Services Achieves SOC 2 Type 2 Compliance
- What are the Benefits of Switching to Paperless WOTC Screening?
- CMS Pin Point WOTC Technology (CPPT)
- Understanding the Work Opportunity Tax Credit’s Target Groups: Qualified SSI Recipient
- #ICYMI
Cost Management Services Achieves SOC 2 Type 2 Compliance
Cost Management Services (“CMS”) the developer of iRecruit, Applicant Tracking and Onboarding Software, and Work Opportunity Tax Credit (WOTC) Screening Software Provider is excited to share the successful completion of our SOC 2 Type II compliance assessment, led by Insight Assurance. This achievement highlights our ongoing focus on protecting customer data, improving internal controls, and staying aligned with evolving industry expectations.
What are the Benefits of Switching to Paperless WOTC Screening?
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit in our weekly video Q&A series #WOTCWednesday.
Other Recent #WOTCWednesday Questions Answered:
- Is There a Minimum Wage for WOTC?
- How many WOTC Target Groups are there?
- Is There a WOTC Tax Credit for Hiring Former Employees?
Submit your question for Brian here.
CMS Pin Point WOTC Technology (CPPT)
CMS’s Pin Point WOTC Technology (CPPT) performs a multi-step process to detect, identify and confirm new hires living in Federal Empowerment Zones and Rural Renewal Communities. CMS provides another technology tool designed to maximize the federal tax credit program for our clients.
Understanding the Work Opportunity Tax Credit’s Target Groups: Qualified SSI Recipient
New hires who fall under one or more of WOTC’s Target Groups may make you eligible for a WOTC Tax Credit. Target Group #9 is the Supplemental Security Income (SSI) Recipient. 54,193 individuals were hired with certification from this group in 2024, 3.4% of the total.
A “qualified SSI recipient” is an individual who on the hiring date is:
- An individual who received SSI benefits for any month ending within the 60-day period that ends on the hire date.
The maximum tax credit available for hiring a qualified SSI Recipient is $2,400.
#ICYMI
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#WeKnowWOTC
The latest news on the Work Opportunity Tax Credit (WOTC) from Cost Management Services. Sign Up for the Work Opportunity Tax Credit (WOTC) Newsletter
Related: WOTC Newsletter Archive
