CMS Work Opportunity Tax Credit Newsletter September 2020
Our offices are closed on Monday in observance of Labor Day! Have a safe and happy Labor Day!
In this issue:
- Cost Management Services Named ComForCare’s Vendor of Choice for Work Opportunity Tax Credit Screening
- Official Welcome to RSM Customers
- Webinar: Learn About Diversity Hiring with SourceCast
- Understanding WOTC’s Target Groups: SNAP Recipient
- Work Opportunity Tax Credit Statistics for Florida
- WOTC Questions: Can work from home employees qualify for WOTC?
- Switch To Paperless WOTC Screening
Cost Management Services Named ComForCare’s Vendor of Choice for Work Opportunity Tax Credit Screening
Cost Management Services, LLC, a provider of Work Opportunity Tax Credit (WOTC) screening for over 20 years, will help ComForCare’s franchisees capture and take advantage of tax credits as they hire and grow their franchise.
RSM clients are in the process of transitioning over to CMS for WOTC Tax Credit screening. We are hosting a series of Zoom calls this month to make this a smooth transition for you. Don’t worry! You won’t see any interruption in service. RSM/CMS customers can see the Zoom schedule here.
Diversity and inclusion has never been more important than it is right now. To aid customers with their DE&I outreach, iRecruit partnered with SourceCast for an upcoming webinar. Join the experts at SourceCast on September 10th at noon for Strengthening Your Workforce with Diversity and Inclusion Amid COVID-19.
New hires who fall under one or more of WOTC’s Target Groups may make you eligible for a WOTC Tax Credit. Target Group #7 is the Supplemental Nutrition Assistance Program (SNAP) Recipient. SNAP dominated all target groups in 2019 with 1,343,584 qualified certifications, or a total of 65.01% of all qualified employees qualifying under this category.
A “qualified SNAP benefits recipient” is an individual who on the date of hire is:
- At least 18 years old and under 40, AND
- A member of a family that received SNAP benefits for:
- the previous 6 months OR
- at least 3 of the previous 5 months.
There are almost 43 million people receiving SNAP benefits as of April 2020 according to USDA data.
In 2019 the state of Florida issued 97,430 Work Opportunity Tax Credit certifications. Nationwide Florida issued 4.71% of WOTC Tax Credits in 2019. Florida issued the most credits in the Veteran Receiving SNAP (1,733) and Disabled Veteran unemp. 6 Mo. (1,450), categories, and was third overall for all Veteran credits. SNAP was Florida’s largest category at 76.10%.
CMS Says: Hello, yes work from home employees are eligible to participate in the Work Opportunity Tax Credit program. There are no restrictions as to where an employee must work. So it they could work in your office, building, outdoors or at home.
CMS has been providing Work Opportunity Tax Credit screening services for over 20 years. We have helped save employers millions of dollars that can be reinvested back into their businesses. We highly encourage customers to take advantage of the online WOTC screening form that we developed or the call center, both of which provide several benefits to you.
- Your WOTC Dashboard
- How to Check if You are in an Empowerment Zone, Enterprise Zone, or Rural Renewal County
- Work Opportunity Tax Credit By The Numbers 2019
- EEOC Issues Formal Opinion on the Work Opportunity Tax Credit
- Tips to Maximize WOTC Participation and Increase Savings in 2020
- WOTC’s 28-Day Rule Explained
- WOTC’s Target Groups
- Calculate your WOTC Savings
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Related: WOTC Newsletter Archive