Posts Tagged ‘Congress’

Congress Approves Budget Renewing WOTC for 2020

In the twilight amidst another government shutdown, Congress has signed and passed the budget for 2020. Amongst some of the provisions are an extension of the Work Opportunity Tax Credit (WOTC) program through December 31, 2020. With the WOTC program renewed December 31, 2020, employers will be able to administer the program and earn up…

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Legislation Proposes Extending WOTC 

Legislation Proposes Extending WOTC

Congress is considering bills that would again extend the Work Opportunity Tax Credit (WOTC) through December 31, 2020. The U.S. House of Representatives is considering bill H.R. 3301, which extends several expired or expiring tax breaks through 2020, including WOTC. U.S. Senate bill S. 978 and House bill H.R. 2213. also have been introduced in…

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Improve Your Bottom Line and Community with WOTC

Improve Your Bottom Line and Community with WOTC

The federal Work Opportunity Tax Credit (WOTC) program can generate your organization savings of up to $9,600 per qualified candidate, which can be a boost to the bottom lines of employers who are actively hiring. According to the U.S. Department of Labor, about $1 billion in tax credits are claimed through the WOTC program annually.…

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U.S. Supreme Court Upholds Current Arbitration Processes

In Epic Systems v. Lewis, the U.S. Supreme Court issued a major ruling for employers that will significantly limit the claims against them brought by employees. At issue was the legality of agreements between employers and employees that restrict the resolution of disputes to single employee arbitration. The Court ruled 5-4 that such agreements are…

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WOTC Survives Tax Reform Legislation

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There were many changes to tax law in the recent tax reform legislation passed by Congress in December last year. One important program remained untouched, however, the Work Opportunity Tax Credit (WOTC), which will remain in place until at least the end of 2019. The WOTC is a voluntary federal tax credit administered by the…

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Workers Seeing Minimum Wage Hikes Across the Country in 2018

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While many workers are assessing the benefit of the recent tax reform legislation passed by Congress, which goes into effect for filing 2018 taxes in 2019, many are seeing a real benefit through increases in the minimum wage laws across the country. Starting this month, 4.5 million workers in 18 states and the District of…

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New Safe Harbor Rule May Clarify Worker Classifications

Proposed Safe Harbor Rule to Address the Classification of Workers by the IRS

The gig economy has become an important part of our economy. This has increased ambiguity amongst how workers are classified versus the scope of their work. In recognition of this situation, new legislation has been introduced in the U.S. Senate to amend the Internal Revenue Code of 1986 to provide a safe harbor for determinations…

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