November Mid-Term Elections – WOTC

vote election

As you may know, today, November 4, 2014, is voting day.  In this election cycle all 435 seats in the United States House of Representatives, and 33 of the 100 seats in the United States Senate are being decided.  After these elections, Congress will return to Capitol Hill and set about nominating and confirming committee [Read More…]

Senator Wyden Calls for Expeditious Renewal of Expire Act

expire

Senator Ron Wyden, Chairman of the Senate Finance Committee, recently expressed  his contention that the expired provisions of the Expire Act, including the Work Opportunity Tax Credit (WOTC), the Empowerment Zone Credit, and the Indian Employment Credit, need to be expeditiously renewed. “Today, American businesses of all sizes are making their required quarterly tax payments [Read More…]

WOTC Update: Aaron Schock Pushes WOTC extension; IRS Urges Extension of WOTC Extender Bill

WOTC extension

In August, Rep Aaron Schock of Illinois introduced H.R. 5264 “To amend the Internal Revenue Code of 1986 to make the work opportunity credit permanent.”  The bill would extend WOTC one year retroactive to cover the current hiatus and would also make WOTC permanent.  Mr. Schock and his Co-sponsor Charles Rangel of NY have published [Read More…]

Rep. Aaron Schock Introduces WOTC Renewal Bill

WOTC Bill Renewal - law

In the wake of the stalling of “The Expire Act”, Aaron Schock of Illinois, a member of House Ways and Means, has introduced H.R. 5264 “To amend the Internal Revenue Code of 1986 to make the work opportunity credit permanent.”  This measure would extend WOTC permanently, and also retroactively renew WOTC to cover the current [Read More…]

WOTC Renewal – Expire Act Stalled

Fair Pay and Safe Workplaces

There have been recent rumors that a new path for WOTC renewal might be attached to a bill on the Senate floor for providing emergency funding for the highway trust fund.  While every avenue for WOTC renewal should be pursued, it is unlikely that WOTC could be part of the aforementioned transportation bill.  Certainly, Congress [Read More…]

Tax Intelligence – Maximizing WOTC ROI

August Tax Intelligence Bulletin

As the Work Opportunity Tax Credit (WOTC) is currently in hiatus status, it is more important than ever for companies that hire to ensure that their WOTC capture program is as effective as it can be to ensure maximum credit value generation once the program is renewed.  Recall that even when WOTC is in hiatus, [Read More…]

WOTC screening – Meijer shows the way!

state targeted hiring programs

Meijer shared some terrific insights in a webinar on tax credits and how to put together an outstanding WOTC screening program.  Their goal: 100% screening compliance and 100% forms compliance. Sound impossible? They get VERY close to that, with 99% screening compliance company wide and 100% forms compliance. The attendees showed just how hard that [Read More…]

Meijer on Hiring Tax Credits – a Webinar

exact-target-person

How can you get MORE out of your hiring tax credit program? Join us and a guest speaker retail giant Meijer to hear some great ideas on the subject.  Melissa Ackerman, HR Analytics Analyst at Meijer, will talk about best practices for partnering with your tax department and maximizing your hiring tax credit dollars. Maximizing [Read More…]

Senate Finance Passes Tax Extender Bill – WOTC Included

WOTC extension

As expected and hoped, the Senate Finance Committee passed a version of a tax extenders bill that includes a two year extension of WOTC (through the end of 2015), as well as the Indian Employment Credit and the Federal Empowerment Zone credit.  In addition, based on the earlier “Long-Term Unemployed Hiring Incentive Act” (H.R. 3726) [Read More…]

Senator Wyden Releases Draft of Tax Extender Markup

Cyber-security Sharing Bill

Senator Ron Wyden, Chairman of the Senate Finance Committee, has released a draft of a proposed markup for a tax extenders bill that will be be put up for a markup and vote today, April 3rd.  Notably, the proposal includes a three year extension and renewal (retroactive one year, and a two year extension until  December [Read More…]