CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What Is The Minimum Wage An Employee Needs to Receive for My Company To Use the WOTC Tax Credit? CMS Responds: One of the WOTC Questions we see is “What Is The Minimum Wage An Employee Needs to Receive[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is It Better to Use Paper or Go Online For WOTC Forms? CMS Responds: “Is It Better to Use Paper or Go Online with the WOTC Forms?” Well, it’s 100%, use the web portal, go online, use the WOTC[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Do Companies Get a WOTC Tax Break for Hiring Disabled Individuals? CMS Responds: Question we get is “Do companies get a tax credit, or tax break for hiring disabled individuals?” And the answer is absolutely. That’s one of the[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Are Rehires Eligible for WOTC Tax Credits? CMS Responds: A common question that we get is “What is the definition of a new hire?” A new hire is someone who’s worked for you for the first time under that[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: If We Hire Temps Can We Claim WOTC? CMS Responds: We have a WOTC Question that is regarding the temporary agencies. “If we hire temporary employees for 90 days can we claim the WOTC on those 90 days or[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: On What Tax Form is the WOTC Tax Credit Taken? CMS Responds: One of the great questions that we get is “What Tax Form is the WOTC Tax Credit Taken?” It’s going to be on the IRS 5584 form[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What is the Start Date for WOTC? CMS Responds: What is considered start date? Well it’s pretty straightforward, it’s actually the day they (the new employee) started work. Not the day they were interviewed, not the date you offered[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What is the WOTC Tax Credit Amount for a Long Term Unemployment Recipient? CMS Responds: So first of all, under long term unemployment recipients – they have to be unemployed for over 26 weeks, and the amount will be[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How Long Must an Eligible Employee Work to Claim WOTC? CMS Responds: How long must an eligible employee work before a company can claim a WOTC tax credit? Pretty straightforward, it follows the WOTC guidelines of, first of all[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Does Your Software Program Allow for Checking WOTC Application Status? CMS Responds: Does Your Software Program Allow for Checking WOTC Application Status? Absolutely, so with CMS’s services you’re going to get an administration portal so you can see how[…]