QUESTIONS? CALL: (800) 655-5281Login to WOTC Status Tracker

WOTC Planet

  • Tax Benefits
    • Reasons to WOTC
    • Military Veterans
  • How We Serve
    • Ways to WOTC
  • Marketplace
    • Marketplace Partners
    • Nevada’s WOTC Opportunity
  • Accountants
  • Resources
    • Frequently Asked Questions
    • Timing Is Everything
  • About Us
    • Team
    • Testimonials
  • Blog
  • Home
  • Posts tagged "Veterans"
 

Expand WOTC Again? Yes! Hire Veteran Students Using GI Bill

Wednesday, 25 July 2018 by Vaughn Hromiko
Veteran Student

Congresswoman Jacky Rosen, a Democrat from Nevada, issued a press release describing her effort to expand the Work Opportunity Tax Credit (aka WOTC). House Resolution 6392, known as the Hire Student Veterans Act, would add a new target group to the WOTC program.

(more…)

armed forcesGI Billmilitarymilitary veteransstudent veteransveteran studentsVeteransWork Opportunity Tax CreditWOTC
Read more
  • Published in Veterans, Work Opportunity Tax Credit
No Comments

Earn Real Tax Savings for Hiring Veterans

Monday, 23 July 2018 by Duane Jess
Silhouette of Soldiers boarding an aricraft

This is a follow-up to my recent post about tax benefits employers earn by hiring military veterans. In addition to strong skill sets and personal characteristics, many veterans can bring an added financial benefit to their employer through the Work Opportunity Tax Credit (or WOTC).

Employers naturally have questions about how veterans qualify. How long must a veteran have served? What if they have a service-connected disability? What are the specific tax credit amounts? Today, I’ll go into these details.

(more…)

armed forcesDisabled Veteransmilitarymilitary hiringmilitary veteranstalent acquisitionUnemployed VeteransVeteransWork Opportunity Tax CreditWOTC
Read more
  • Published in Veterans, Work Opportunity Tax Credit
No Comments

Another Reason Veterans Matter to Small Business

Wednesday, 11 July 2018 by Duane Jess

Boat team work training
If you’re a business owner, CPA or hiring executive, this is for you. Everyone knows that hiring veterans is both the right thing and the smart thing to do for many reasons.
Military veterans bring a unique set of skills to the civilian labor market. Few organizations like the military can teach, enforce and reward the characteristics of teamwork, initiative, leadership, organization and mission.
The military is also a highly diverse and talented group of people. As a result, veterans have deep experience working well with others. That experience instills respect and the ability to adapt and excel in a wide variety of circumstances. (more…)

armed forcesDisabled Veteransmilitarymilitary hiringtalent aquisitionVeteransWork Opportunity Tax CreditWOTC
Read more
  • Published in Veterans, Work Opportunity Tax Credit
No Comments

Independence Day in America!

Tuesday, 03 July 2018 by Vaughn Hromiko

It’s Independence Day! The birthday of our nation! A day to celebrate freedom and many time-honored American traditions.
Writing of this great event in 1776, yet-to-be future President John Adams said, “It ought to be solemnized with pomp and parade, with shows, games, sports, guns, bells, bonfires, and illuminations, from one end of this continent to the other, from this time forward forever more!” (source)
Americans today still take great pride and pleasure fulfilling Mr. Adams’ vision. And amidst the celebrating, the BBQs, fireworks and parades, we remember our nation’s many generations of soldiers. These are America’s finest, the men and women whose blood, sweat, tears and love make America possible.

(more…)

Independence DayJohn AdamsVeteransWork Opportunity Tax CreditWOTC
Read more
  • Published in Uncategorized
No Comments

White House Budget Proposes Permanent WOTC Tax Credit Program

Friday, 12 April 2013 by Vaughn Hromiko

Last summer, the House Subcommittee on Select Revenue Measures held hearings to explore HOW to evaluate the numerous tax extenders coming before Congress each year.  Chairman of the Subcommittee, Congressman Pat Tiberi (R-OH) explained at the time: (more…)

Congressman Pat TiberiPaul SuplizioTax ExtendersVeteransWork Opportunity Tax CreditWOTCWOTC Coalition
Read more
  • Published in Veterans, Work Opportunity Tax Credit
No Comments

Great News! Question Resolved: IRS Notice 2013-14 is Fully Retroactive

Tuesday, 12 March 2013 by Vaughn Hromiko

Carmen Ortiz, the United States’ National WOTC Coordinator (U.S. Department of Labor, Employment & Training Administration) issued a correspondence to all of the program’s Regional Coordinators. The purpose of the correspondence was to answer the question many have been asking about IRS Notice 2013-14.
Does the notice in essence wave the “on or before the day of hire” requirements created by §51(d)(13)(A)(ii). Short answer: YES!
In her email correspondence, Ms. Ortiz states that while she is the author of the response to this question, she first ran her response before the IRS.
Now I quote Ms. Ortiz, National WOTC Coordinator: (more…)

IRS Notice 2013-14VeteransWork Opportunity Tax CreditWOTC
Read more
  • Published in Work Opportunity Tax Credit
No Comments

Opportunity Alert! IRS Notice 2013-14 Providing Transition Relief for Employers Submitting Late WOTC Applications

Friday, 08 March 2013 by Vaughn Hromiko

The IRS has released IRS Notice 2013-14, which provides transition relief given the late retroactive renewal of the Work Opportunity Tax Credit program in January. The transition rules are not the same, however, for all WOTC target groups.
Notice 2013-14 waves the 28-day deadline for submitting IRS Form 8850 (the WOTC Pre-screen Notice) for qualifying employees hired within certain dates ranges in 2012 and early 2013. The extended deadline for submitting the applications for affected employees is now April 29, 2013.
The rules apply as follows:

  • For all targeted groups except qualifying veterans, the extension applies to qualifying employees hired from January 1, 2012 through March 31, 2013 (that’s a period of 15 months).
  • For qualifying veterans, the extension applies to qualifying employees hired between January 1, 2013 through March 31, 2013 (a period of just 3 months)

(more…)

IRS Notice 2013-14VeteransWOTC Transition Relief
Read more
  • Published in Work Opportunity Tax Credit
No Comments

Senate Passes Fiscal Cliff Bill – WOTC, Empowerment Zones and Indian Employment Credit Included

Tuesday, 01 January 2013 by Vaughn Hromiko

US Senators worked late into the wee hours tonight. Sometime after 2:00 AM Eastern, they finally passed the Senate’s compromise bill to avert the fiscal cliff. They are calling it the “American Taxpayer Relief Act of 2012.”  Read about it on CNN Politics. (more…)

American Taxpayer Relief Act of 2012Fiscal CliffVeteransVOW to Hire Heroes Act of 2011Work Opportunity Tax CreditWOTC
Read more
  • Published in Disconnected Youth, Veterans, Work Opportunity Tax Credit
1 Comment

Representative Ted Poe of Texas Introduces House Resolution 5845, to Extend WOTC for Veterans

Tuesday, 22 May 2012 by Vaughn Hromiko

House Resolution 5845 was introduced by Congressman Ted Poe of Texas and referred to the House Ways and Means Committee last Friday (on May 18th).  As of this afternoon, the actual text of the bill is not yet available. The title, however, is listed as

H.R.5845 – To amend the Internal Revenue Code of 1986 to extend the work opportunity tax credit for veterans and to allow an exemption from an employer’s employment taxes in an amount equivalent to the value of such credit.

(more…)

HR 5845Representative Ann Marie BuerkleRepresentative Russ CarnahanVeteransWork Opportunity Tax CreditWOTC
Read more
  • Published in Veterans, Work Opportunity Tax Credit
No Comments

Minnesota Fails to Reach Agreement on Jobs Tax Credit Proposals

Sunday, 20 May 2012 by Vaughn Hromiko

In January, I mentioned that Minnesota’s Democrat Governor Mark Dayton was proposing state jobs tax credits to reward employers who hire veterans, unemployed workers, and recent graduates.  During the intervening months, this ongoing story hit the news a surprising number of times . . . almost always in the context of budgeting disagreements between state Democrats and the Republican controlled Minnesota legislature. (more…)

Governor Mark DaytonJulianne OrtmanNew Jobs Tax CreditStar TribuneUnemployed WorkersVeterans
Read more
  • Published in Minnesota
No Comments
  • 1
  • 2
  • 3
  • Privacy Policy
  • WOTC Planet Blog
  • Society for Human Resource Management SHRM
  • National Restaurant Association
  • California Hotel & Lodging Association

Hromiko & Associates, LLC BBB Business Review

Contact us

T 800.655.5281
Email: inquire@wotcplanet.com

WOTC Planet
4619 Auburn Blvd Suite D
Sacramento CA 95841

Open in Google Maps

  • GET SOCIAL
WOTC Planet

Copyright © 2018 | Hromiko & Associates, LLC. The WOTC Planet logo is a service mark of Hromiko & Associates, LLC

TOP