Author name: David Garcia

WOTC 3.0 coming soon sign along the road

WOTC 3.0 — Coming Soon?

Leave a Comment / Work Opportunity Tax Credits /

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 refer to as the 2.0 version of the program went into effect several years ago. At the time, the most significant enhancement to the program was the long-awaited acceptance of an electronic signature for the time-sensitive Form 8850.

WOTC 3.0 — Coming Soon? Read More »

man with COVID-19 mask in city

Legislative Update – July 29, 2020

Leave a Comment / Work Opportunity Tax Credits /

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 are positive, particularly for employers. Therefore, we want to share what we know about the bill so far and give you an idea of where things seem to be headed.

New WOTC Target Group

Legislative Update – July 29, 2020 Read More »

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

The Challenges of Managing a Remote Workforce

Leave a Comment / Workforce Analytics /

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. One of the most impactful changes employers are facing is the future of the workplace as we know it, especially for businesses that have had to make the remote working experience a reality over the last year.

The Challenges of Managing a Remote Workforce Read More »

woman pondering with question marks

Legislative Update October 28, 2020

Leave a Comment / Work Opportunity Tax Credits /

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 program is set to expire on December 31, 2020, and unless congress passes legislation, the program will enter into a state of hiatus.

Legislative Update October 28, 2020 Read More »

tax reform stamp

Update on Tax Reform and its potential effect on WOTC

Leave a Comment / Work Opportunity Tax Credits /

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 (WOTC). Considering the proposed reduction in the corporate tax rate from 35% to 20%, deductions and credits are not necessary to the same degree that they were in the past. Under the Republicans’ framework, two popular credits are explicitly referenced to be continued:

Update on Tax Reform and its potential effect on WOTC Read More »

hurricane disaster

Disaster Relief for Recent Hurricane Areas

Leave a Comment / News /

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 U.S. Virgin Islands. Section 503 of the Act provides relief to businesses in the form of a retention tax credit to employers if the employee’s place of employment was inoperable and located in disaster zones ending on December 31, 2017 and starting on the following dates:

Disaster Relief for Recent Hurricane Areas Read More »

California text with state symbols

California Unveils New Hiring Credit Targeting Small Business

Leave a Comment / Tax Credits /

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 or less a tax credit of $1,000 on their state tax bills for each new employee hired by December 1, 2020.

California Unveils New Hiring Credit Targeting Small Business Read More »

28 day WOTC deadline with IRS form 8850

IRS Extends WOTC Form Filing Deadline

Leave a Comment / Work Opportunity Tax Credits /

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 notice, a “time-sensitive act” due to be performed on or after April 1, 2020 and before July 15,2020 can be performed by July 15, 2020.

IRS Extends WOTC Form Filing Deadline Read More »

Scroll to Top
Contact Us 🔗