President Trump signed the H.R.133 – Consolidated Appropriations Act, 2021, Covid-19 relief bill today which has extended the Work Opportunity Tax Credit through December 31, 2025. This is great news for our WOTC customers because they will not have to deal with any hiatus or wait for a renewal. As always we will keep you apprised[…]
As a leading provider of Work Opportunity Tax Credit (WOTC) administration services, Cost Management Services (CMS) has been diligently watching the renewal status of the Work Opportunity Tax Credit all year long. This week both the House and Senate voted to approve H.R. 1865, Further Consolidated Appropriations Act, 2020, which includes a one-year extension for[…]
WOTC was recently threatened by the tax reform. Is it still active, and if yes, how long will it be active? At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website. In the case of the above question, the sender did not[…]
Happy New Year, 2016 – On December 18, 2015, President Obama signed the Omnibus Spending Bill H.R. 2029 and the PATH Act (Protecting Americans from Tax Hikes Act of 2015) into law. The new legislation provides an unprecedented five-year extension to the Work Opportunity Tax Credit (WOTC) program through 2019, and reauthorizes Empowerment Zones through 2016. In[…]
As a leading provider of Work Opportunity Tax Credit (WOTC) administration services, Cost Management Services (CMS) has been vigilantly watching the status of the Tax Extenders bill being debated in Congress this year. We are extremely pleased with the news reported on Friday, as President Obama signed a huge tax and spending package into law[…]
“Yahooooo!” said CMS’s Brian Kelly, “WOTC is alive!” The excitement is evident in our WOTC processing office in Farmington, CT as we begin to receive certifications for tax credits that were on hold during 2014. Over the past few days states have begun to send us their certifications for the 2014 tax year. CMS customers[…]
The National Restaurant Association (NRA) is not alone when they wonder “Will Congress let a key tax credit die?” Speculation has been increasing over the past few weeks about the EXPIRE act, which includes WOTC legislation. Bipartisan legislation introduced last month by Reps. Charles Rangel (D-N.Y.) and Aaron Schock (R-Ill.) would renew the WOTC and[…]
Reminder to CMS’s customers using the Work Opportunity Tax Credit Administration service. If you are using CMS’s WOTC administration service please continue to have all your new hires complete the WOTC paperwork, either online through your secure portal web link, or via the 1-800 Call Center, or via mail within 28 days of their start date. Despite the federal[…]