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Self-Study CPE
AUDITING THE ERO
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CANCELLATION OF DEBT
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TAX LAW CHANGES: WHAT YOU NEED TO KNOW
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EXPATRIATE TAXATION - A DEEPER DIVE
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FOREIGN NATIONAL TAXATION - A DEEPER DIVE
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AFFORDABLE CARE ACT: EMPLOYER RIGHTS & RESPONSIBILITIES
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TAX TREATMENT OF LIFE INSURANCE PROCEEDS
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TAX TREATMENT OF RETIREMENT PLANS, PENSIONS AND ANNUITIES
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2018 TAX UPDATE: SO MUCH MORE NEW THAN MEETS THE EYE - WHAT LURKS BENEATH?
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2018wotc costmanagement

2018 FEDERAL WORK OPPORTUNITY TAX CREDIT (WOTC) EMPLOYMENT UPDATE

Cost Free   CPE Credits 1.0 hour     1 hour for EAs (Federal Tax)    Course Id# - HURS9-T-00230-18-O  Subject Area Taxes  Course Level Basic  Instructional Method Group Internet Based  Prerequisites None  Advanced Preparation None  Who should attend? CFO / Controller
CPA - small firm
CPA - medium firm
CPA - large firm
Enrolled Agent
Other 
Series: Enrolled Agents, CFOs and Controllers, Taxes 
Course Description

The Work Opportunity Tax Credit (WOTC) program is a federal government initiative designed to provide a tax credit incentive for employers for hiring individuals from specific targeted groups.  With the new Tax Cuts and Jobs Act making significant changes in the tax law, the WOTC program stays in effect through the end of 2019.  Accountants & CPA firms will learn how to secure WOTC Tax Credits for businesses.

Learn about the Federal WOTC Tax Credit program, how to Partner with CMS to increase value to your business customers, understand the categories of qualifications and estimate the values of the tax credits.  

Did you know, on average 10-15% of all new hires may qualify, saving the employer an estimated tax credit of $2,400 - $9,600 per qualified new hire. Government estimates indicate over $3 Billion in tax credit saving per year.  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.

  • Learn what wages qualify

  • Which employees qualify

  • What is the value of the employment tax credits

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


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 of Dollars that are available today through the WOTC Tax Credit program.

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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.

Handout Materials
Presentation Slides
Frequently Asked Questions
  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • Multiple attendees: In order to receive CPE for multiple attendees, ensure that at least one person signs up for the webinar. At the completion of the webinar a proctor form is provided. Alternatively, you may also login to your account following the webinar and click on the MY ACCOUNT button where you will find a link to the proctor letter.

Nasba

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

Irs

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

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!