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COVID-19 Employee Retention Credit comes to an end for most employers.

COVID-19 Employee Retention Credit comes to an end for most employers. The Infrastructure Investment and Jobs Act, signed into law on November 15, 2021, has upended the the Employee Retention Credit (ERC) for the entire fourth quarter of 2021 for...

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WOTC 3.0 coming soon sign along the road

WOTC 3.0 — Coming Soon?

Could WOTC 3.0 be on the horizon? Since the inception of WOTC back in 1996, the program has gone through several modifications; all geared toward promoting the hiring of individuals that face barriers to secure employment. For instance, what we...

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Legislative Update – July 29, 2020

New Stimulus Bill in the Works Senate Republicans just unveiled the initial draft of a trillion dollar stimulus bill. While the bill will require negotiation with Senate Democrats and is expected to undergo significant modification, there are several components that...

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recieving COVID-19 vaccination

New Covid-19 Vaccine Tax Credit for Select Employers

On Wednesday, April 21, 2021, President Joe Biden announced a refundable tax credit available for select businesses that pay employees that need to take time off to get vaccinated for Covid-19. This is part of the administration's effort to...

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Your manager has been trying to reach you, but you left 4 months ago because of disengagement

The Challenges of Managing a Remote Workforce

It's hard to imagine that already a year has passed and the world is still dealing with a devastating pandemic. The disruptive effects the pandemic has had in the business world continues to take its course seemingly without end....

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Legislative Update October 28, 2020

Will WOTC get renewed? As we enter the elections and remaining part of Q4, many companies are wondering about the status of the Work Opportunity Tax Credit (WOTC) and its renewal. For those who may not know, the current WOTC...

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Update on Tax Reform and its potential effect on WOTC

On September 27, the Republicans revealed the framework of what they hope to accomplish with tax reform. Herein is a general overview of their plan and the impact we believe it can have on the Work Opportunity Tax Credit...

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Disaster Relief for Recent Hurricane Areas

On September 29th, President Trump signed into law H.R. 3823 — Disaster Tax Relief and Airport Airway Extension Act of 2017 to aid individuals and businesses impacted by the recent hurricanes in Texas, Florida, Georgia, Puerto Rico and the...

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California Unveils New Hiring Credit Targeting Small Business

With millions of Californians out of work, on Wednesday, September 9, Gov. Gavin Newsom signed a law giving tax breaks to small businesses that hire employees over the next three months. The incentive program will offer businesses of 100 employees...

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28 day WOTC deadline with IRS form 8850

IRS Extends WOTC Form Filing Deadline

IRS Issues Notice to Extend WOTC Form Filing Deadline On April 9, IRS issued Notice 2020-23 to provide relief relating to certain deadlines for taxpayers in response to the COVID-19 national emergency, declared in March of this year. Under the...

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