CMS WOTC Newsletter March 2021 – Cost Management Services

CMS Work Opportunity Tax Credit Newsletter March 2021

In this issue:

Senator Portman Introduces New Bill to Make the Work Opportunity Tax Credit Permanent
Tips to Maximize WOTC Participation and Increase Savings
Work Opportunity Tax Credit Renewed for FIVE Years!
WOTC Wednesday: Does the Employee Qualify for the Work Opportunity Tax Credit (WOTC) When They Work From Home?
Upcoming Webinar: Introduction to iRecruit with WOTC Integration
Understanding WOTC’s Target Groups: Ex-Felon
Work Opportunity Tax Credit Statistics for Connecticut
Switch To Paperless WOTC Screening in 2021
#ICYMI

Senator Portman Introduces New Bill to Make the Work Opportunity Tax Credit Permanent

“Because of the ongoing COVID-19 pandemic, now more than ever individuals who are in the shadows are struggling to find meaningful employment,” said Senator Portman. “Encouraging employers to hire those who have the most trouble finding work is good policy, and while securing a five-year extension last year was a positive step, it’s critical that we make the Work Opportunity Tax Credit permanent.”

Tips to Maximize WOTC Participation and Increase Savings

With 24 years of experience in Work Opportunity Tax Credit screening and processing, we would like to offer you some tips to make sure you get the maximum tax credit available in 2021. On average the United States spends $5 Billion each year on this program. How much did you get?

Work Opportunity Tax Credit Renewed for FIVE Years!

With the Covid-19 Relief Bill that passed and was signed into law on December 27th, the Work Opportunity Tax Credit has been extended through December 31, 2025. This is great news for our WOTC customers because they will not have to deal with any hiatus or wait for a renewal. As always we will keep you apprised of any changes or additional updates.

WOTC Wednesday: Does the Employee Qualify for the Work Opportunity Tax Credit (WOTC) When They Work From Home?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit in our new weekly video Q&A series #WOTCWednesday.

Other Recent WOTC Questions Answered:

Upcoming Webinar: Introduction to iRecruit with WOTC Integration

Join CMS to find out how you can have an applicant tracking software with paperless onboarding, and WOTC screening. Register today

Date: Thursday, March 18th, 2021
Time: 11:00am Eastern/8:00am Pacific

Understanding WOTC’s Target Groups: Ex-Felon

New hires who fall under one or more of WOTC’s Target Groups may make you eligible for a WOTC Tax Credit. Target Group #3 is the Ex-Felon. 69,137 individuals were hired with certification from this group in 2020. A “qualified ex-felon” is a person hired within a year of:

Being convicted of a felony or
Being released from prison from the felony

Work Opportunity Tax Credit Statistics for Connecticut

In 2020 the state of Connecticut issued 1,452 Work Opportunity Tax Credit certifications. Nationwide the Constitution State issued 0.09% of all WOTC Tax Credits in 2020. SNAP was Connecticut’s highest tax credit category with 76.8% of certifications for that category. Connecticut was also one of 12 States with WOTC backlogs that received Department Of Labor Grants last year.

Switch to Paperless WOTC Screening in 2021

CMS has been providing Work Opportunity Tax Credit screening services for over 20 years. We have helped save employers millions of dollars that can be reinvested back into their businesses. We highly encourage customers to take advantage of the online WOTC screening form that we developed or the call center, both of which provide several benefits to you.