Is Double-Dipping Allowed on ERC, WOTC, and PPP Loan Wages?
Many clients are asking us: May I use the same payroll for PPP forgiveness, the ERC, FFCRA, and WOTC? Although there is no IRS rule prohibiting you from using the same pay period’s payroll for each of these credit and relief options, your organization must ...
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REPS. SUOZZI, HORSFORD, BEYER, SCHNEIDER, MOORE INTRODUCE LEGISLATION TO HELP DISADVANTAGED POPULATIONS GET BACK TO WORK
Press Release: Legislation would Increase the Amount of the Work Opportunity Tax Credit, a proven tax credit that helps disadvantaged groups find jobs. Today, Representatives Tom Suozzi (D-NY), Steven Horsford (D-NV), Don Beyer (D-VA), Brad Schneider (D-IL), and Gwen Moore (D-WI) introduced legislation that would ...
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Tax Extenders Passed By House – Extends WOTC Through 2020
The Taxpayer Certainty and Disaster Tax Relief Act of 2019 extends the Work Opportunity Tax Credit (WOTC) another year, through December 31, 2020. Empowerment Zone tax benefits, which expired in 2017, have been retroactively renewed for 2018, 2019, and 2020. Click HERE to read the ...
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House Panel Approves Bills on Tax Extenders, Expanding WOTC Tax Credits
On June 20, 2019, the House Ways and Means Committee advanced Democratic legislation to extend expired and expiring tax breaks and to expand tax credits that benefit workers, families, and businesses. The committee passed by a party-line vote of 25-17 a bill to extend through ...
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