WOTC In The News

Work Opportunity Tax Credits in the news:

Bill would make permanent tax credits for businesses that hire veterans
Washington, DC – U.S. Senator Kay Hagan announced that she has introduced the Hire A Hero Act to help lower the unemployment rate among veterans. The bill would make the Work Opportunity Tax Credit for Returning Heroes and Wounded Warriors permanent. It provides businesses with a tax credit of up to $5,600 for hiring a long-term unemployed veteran and $9,600 for hiring a long-term unemployed veteran with a service-connected disability. Hagan worked in 2011 to keep the provision intact, which is currently scheduled to expire at the end of year.

Job fairs planned to assist returning Texas veterans
The Texas Workforce Commission, in partnership with 28 local workforce development boards and the Texas Veterans Commission, will host veterans job fairs statewide on Nov. 14.

Year-end tax planning for businesses
The uncertainty that surrounds health care reform has made long-term planning for small businesses more difficult. However, businesses still have an opportunity to reduce their business profits before year-end.

My Word: Disabled workers are ideal employees
Ask any employer if he or she would be interested in a work force that includes employees who will minimize turnover, create economic incentives, are dedicated and reliable, and provide excellent customer support, and what do you think the employer is going to say?

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CMS has helped companies save money on new hires by maximizing tax credits available through the Work Opportunity Tax Credit since 1997. There’s never been a better time to start saving. Call today to speak to a tax credit expert 1-800-517-9099.