Senator Tammy Baldwin Introduces the Jobs for Economic Recovery Act, includes an Employee Retention Tax Credit based on the Work Opportunity Tax Credit (WOTC)

Posted on July 6, 2020July 30, 2020 by WOTC Blog

U.S. Senator Tammy Baldwin (D-WI) last week introduced legislation (PDF) to support the economic recovery by immediately financing six months of wages and benefits for unemployed workers. Baldwin is leading this effort with Senate Finance Committee Ranking Member Ron Wyden (D-OR) and Senators Chris Van Hollen (D-MD), Michael F. Bennet (D-CO) and Cory A. Booker[…]

CARES Act Provides Support to Businesses Affected by the Coronavirus

Posted on March 30, 2020 by WOTC Blog

The Journal of Accountancy reports that the Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748, which was passed unanimously by the Senate last week and signed by President Donald Trump on Friday, March 27th contains a plethora of tax measures as part of a $2 trillion aid package designed to help the economy[…]