Calculate Your WOTC Savings

Is the WOTC really worth my time and effort? How much can I actually save? Those are two of the most common questions people call WOTC tax expert Brian Kelly with. The most important thing to Brian: How much we can save you!

We've been helping companies of all sizes save money since 1997 by taking advantage of the Work Opportunity Tax Credit. WOTC is a business tax credit enacted to promote the hiring of individuals who qualify as a member of a target group, including veterans.

Based on our experience 15-20% of your workforce may qualify, and the average tax credit is $2,400.00. Are you taking advantage? Find out how much you might save with our WOTC Calculator.




About CMS

CMS helps companies of all sizes save money by taking advantage of the Work Opportunity Tax Credit. Call Brian Kelly at 1-800-517-9099 today to see if it makes sense for you.

New tax credit helps Minnesota businesses hire veterans

U.S. Senator Amy Klobuchar is encouraging Minnesota businesses to take advantage of a new tax credit aimed at helping businesses hire veterans.

Klobuchar co-sponsored the VOW to Hire Heroes Act, passed into law last November, which offers an expanded Work Opportunity Tax Credit (WOTC) to businesses and certain tax-exempt organizations that hire eligible unemployed veterans.

Klobuchar has recently introduced two bills to help returning veterans use the skills they have acquired in the military to get good jobs. This month she introduced bipartisan legislation with Senator Olympia Snowe (R-ME) that would streamline the process of receiving a Commercial Driver’s License (CDL) for veterans with the requisite driving experience from their military service. Last year she also introduced bipartisan legislation with Senator Mike Enzi (R-UT) that would streamline civilian paramedic training for veterans who already have emergency medical experience as the result of their military service, making it easier for them to secure jobs as civilian paramedics.

The Work Opportunity Tax Credit can be as high as $9,600 per veteran for for-profit employers or up to $6,240 for tax-exempt organizations. Employers who hire veterans with service-related disabilities may be eligible for the maximum credit. The law allows employers one tax credit per eligible veteran hired. Other factors that affect the amount of the credit include the length of the veteran’s unemployment before hire, hours worked, and the amount of wages paid.

Continue Reading at Echo Press.
http://www.echopress.com/event/article/id/92388/group/News/

Work Opportunity Tax Credit "WOTC" Renewal Status

Many of our customers have inquired as to the status of the Work Opportunity Tax Credit or WOTC as it is known, as they are aware that it has expired as of December 31st, 2011. To date, the program has not been renewed yet, and customers are wondering if they should continue to send in their paperwork.


Per CMS' Brian Kelly, "Absolutely, please continue to have your new employees complete and send in your WOTC forms. When congress re-approves the bill, it is typically retroactive to the date it expired."

You may continue to receive tax credits for hiring "unemployed veterans." This is the only active category of the Work Opportunity Tax Credit at the moment.

Though we do not know exactly when the WOTC will be reinstated, it is advisable to continue submitting your applications, so that you can take advantage of any approved credits when the bill is renewed.


About CMS

CMS helps companies of all sizes save money by taking advantage of the Work Opportunity Tax Credit. Call Brian Kelly at 1-800-517-9099 today to see if it makes sense for you.