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Hurricanereliefact costmanagement

NEW HURRICANE TAX CREDIT RELIEF ACT H.R. 3823 & EMPLOYMENT TAX CREDITS - "WOTC"

Cost Free
Presentation Length 1.0 hour

Recorded DateOctober 20, 2017
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

Accountants & CPA firms will learn about the new legislation employment tax relief act and federal “Path ACT” legislation. 
 
Start out learning about the new Employment Tax Credit Relief legislation or HR. 3823 known as “Disaster Tax Relief and Airport and Airway Extension Act of 2017”.


  • Understand the Hurricanes impacted areas in Georgia, Florida, Texas, Puerto Rico and the Virgin Islands

  • Learn what wages qualify

  • What is the value of the employment tax credits

  • As employers are hiring new employees how they can take advantage of WOTC


You will also increase value to business customers by learning about the lesser-known Work Opportunity Tax Credits (WOTC). WOTC helps businesses earn tax credits when they are hiring. An average 10-15% of all new hires may qualify, earning the employer a tax credit of $2,400 - $9,600. Real money. Real value.
 
The Work Opportunity Tax Credit (WOTC) program is a federal government initiative designed to increase employment opportunities for people who typically experience certain barriers to employment. Eligible employers receive a federal income tax credit that reduces its federal income tax liability. Unused credits can be carried back one year and carried forward for 20 years. Often thought of as administratively burdensome, the WOTC program has often been overlooked by employers. Please click here for details.
 
  • This unique program is under IRS legislation, but administered by the Department of Labor which often confuses tax accountants and employers.

Interestingly enough most companies, accountants and employers are potentially missing out on millions of dollars in tax credits by not taking advantage of the WOTC program, and are not educated about the “28 Day” rule or the appropriate filing procedures.
 
Learn how to add value to your CPA services, and take advantage of the billions dollars that are available today through the WOTC Tax Credit program.

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Brian is the Managing Partner of CMS WOTC & iRecruit and has over 30 years of experience in the employment tax credit & software technology and the industries. CMS has been providing WOTC tax credit services since 1997 and in 2012 developed a secure web portal to collect and process WOTC information in a paperless manner. The WOTC portal has helped our clients increase participation and improves processing times while allowing customers to track the value of their credits in real-time. CMS developed iRecruit for business customers to meet the need to automate and streamline their recruiting, applicant tracking, and electronic onboarding operations. iRecruit was listed as one of CIO Review magazine’s 20 Most Promising Sage Solution Providers. Brian told the magazine, “Our products offer seamless solutions. It’s an applicant tracking system (iRecruit) that comes with social media integration, reporting and all electronic onboarding.” Brian has a BS in Finance from the University of Central Connecticut. CMS is a member of the Society for Human Resource Management.

About Our Presenter

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CMS has helped businesses save money by taking advantage of the Work Opportunity Tax Credit for almost 20 years!