Keep up-to-date with the latest news on Work Opportunity Tax Credits (WOTC) with our news blog. CMS monitors all the legislative news and updates in the media to keep you informed. Here are some of the latest WOTC news updates from around the web over this past month: Incentivizing poor and low-income persons to work[…]
CMS would like to invite you to join our resident Human Resources and Tax Credit Expert, Brian Kelly, to learn about the Work Opportunity Tax Credits. Brian will review the following, and answer any questions you may have about this extremely valuable tax credit. What’s new with the Work Opportunity Tax Credit? What are the[…]
The Senate Finance Committee approved the package of more than $205 billion in tax cut extensions for families and businesses by a bipartisan vote of 19-5 in the “The Family and Business Tax Cut Certainty Act of 2012. This act includes an extension of the Work Opportunity Tax Credit, as well as the new veteran’s[…]
Keep up-to-date with the latest news on Work Opportunity Tax Credits (WOTC) with our blog. We monitor all the legislative news and updates to keep you informed. Here are some of the latest WOTC news updates from around the web this month: The Family and Business Tax Cut Certainty Act of 2012The Senate Finance Committee[…]
CMS’s tax credit expert Brian Kelly (pictured) comments on the new The Family and Business Tax Cut Certainty Act of 2012 that includes provisions to extend the Work Opportunity Tax Credit through 2013, and retroactively back to the beginning of 2012: “CMS has experienced the same process over the last 15 years of wondering if[…]
The Internal Revenue Service is reminding businesses to take advantage of business tax credits, according to a news release from the IRS. The Work Opportunity Tax Credit provides eligible employers with a tax credit when they hire new employees from a “targeted group.” The credit is up to 40 percent of the first $6,000 of[…]
On November 21, 2011, the President signed into law the VOW to Hire Heroes Act of 2011. This new law provides an expanded work opportunity tax credit to businesses that hire eligible unemployed veterans and for the first time also makes part of the credit available to tax-exempt organizations. Businesses claim the credit as part[…]
Unemployment among veterans remains more than twice the national rate of unemployment. That means nearly one in five returning veterans can’t find a job to support their family or ease their transition to civilian life. Yesterday, November 10th, 2011 the Senate passed the VOW to Hire Heroes Act, the bipartisan bill was passed unanimously, and[…]