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In December 2006
the United States Congress passed legislation reinstating the
Federal Work Opportunity (“WOTC”) and Welfare to Work (“WtW”)
tax credits retroactively to January 1, 2006, when these tax
credits went into hiatus. The legislation, reinstates the WOTC
and WtW tax credit programs through December 31, 2007 and,
beginning January 1, 2007, expands eligibility for the WOTC tax
credit, including extending the age for food stamp recipients
from 25 to 40 and removing the ceiling on family income for
ex-felons.
The Work Opportunity
Tax Credit program is designed to give employers an incentive to hire
welfare-to-work employees. By taking advantage of the CMS WOTC program
you can save up to $3,500 per new hire the first year, and up to $5,000
the second year of employment.
We do all the work for you
Get a bonus for your company, while
helping others. CMS will provide your organization with the tools to
maximize the WOTC tax incentives. In addition CMS will provide the
following benefits:
- CMS will identify eligible employees.
- CMS understands all the Federal and State guidelines for your
company to obtain the eligible tax credits.
- CMS handles all the administrative duties necessary to obtain
WOTC in your state.
- CMS protects your organization from asking the sensitive
questions necessary to obtain the WOTC tax credits.
Who is Eligible?
- Aid to Families with
Dependent Children (AFDC) / Temporary Assistance to Needy Families (TANF)
- Ex-Felons
- Food Stamps Recipient
- High-Risk Youth
- Summer Youth Employee
- Supplemental Security Income (SSI) recipient
- Veterans
- Vocational Rehabilitation Referral
All you need to do is count your savings
"We have been using CMS'
tax credit program for over five years now, and the results have been
excellent, saving us over $100,000 over all our corporations. I would
strongly recommend using Cost Management Services' Tax Credit Program."
- Rich McCarthy, Great American
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