The Work Opportunity Tax Credit (WOTC) has been in effect continuously since October 1,1996. However, as with most business tax credits, WOTC has been legislatively authorized for relatively short intervals of anywhere from 12 months to 44 months. As a result, it has not been uncommon for the credit to officially ‘sunset’ before the subsequent […]

David Burgess, VP of Government Relations We wish you all a very happy holiday season and a great new year. We have reported all year about the progress, in Washington DC, of the re-authorization of the WOTC program. Bills were introduced into House and Senate to make WOTC permanent. House Bill 2213 has 44 co-sponsors […]

Welcome to MCM’s Tax Credit Chronicle Issue #1 Mckenzie Chase Management announces the publication of it’s first hard copy newsletter, “The Tax Credit Chronicle.” In keeping with MCM’s tradition of expert tax credit education in; live seminars and webinars, articles, white papers and the email newsletter the “The Tax Credit Chronicle” will educate readers how […]

What to Look for When Hiring a Tax Resolution Professional If you are under audit from the IRS or in receipt of a notice of additional tax due, the steps you take next could make all the difference. There is a strong temptation to ignore these communications, but doing nothing will not make the IRS go […]

In 2017 Congress created a new tax incentive for investment into Qualified Opportunity Zones (QOZ), as part of the Tax Cuts and Jobs Act. You might be familiar with the older zone programs which were the Renewal Communities and Empowerment Zones which lapsed into non-authorized status on January 1, 2018. These new zones, given the nick-name “QOZ”,  were […]

David Burgess, VP of Government Relations Momentum is building in Congress to make WOTC permanent. WOTC was created in 1996 as part of the welfare reform act to aid people making the transition from welfare to work. Since that time it has been reauthorized numerous times, although occasionally it has gone into haitus for a […]

Are you entitled to tax credits that you are not using? Or perhaps you are not even sure whether you qualify. Some people think that tax credits are designed to benefit only major corporations, but if that’s what you’ve been told, here are 5 points about tax credits for your consideration.   1. Tax credits […]

David Burgess, Government Relations Beginning with the 2018 tax year, companies will enjoy enhanced WOTC benefits; the future of the Empowerment Zone and Indian Employment Credits Remains Uncertain…   On December 22nd President Trump signed the Tax Cuts and Jobs Act, after a long and arduous legislative process in the House and Senate. The first […]

About the WOTC program: The Work Opportunity Tax Credit program (WOTC) was introduced on October 1, 1996 to provide tax incentives for employers who hire individuals from specific target groups. People from these target groups have been identified by the U.S. government as having historically high unemployment rates. Through WOTC, employers can earn a tax […]

Mckenzie Chase Management clients can use a simplified approach to WOTC by moving to our online screening platform. When starting the online WOTC system, each home office and location receives: Secure login credentials, including a login name and password A link to hiring forms Administrative access to monitor activity Using the online WOTC system is […]