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 […]

As a tax credit advisory firm we look at unemployment data differently. When the monthly rate comes out we turn right to the data table (link below). We’ve discovered a statistic that is, at the same time, shocking and interesting. This number is especially interesting to those participating in employer tax credit programs. Who are the “Unemployed“: The definition […]

MISSED OPPORTUNITY! Many of our satisfied clients delayed using Mckenzie Chase to maximize their employment tax credit savings, usually because they were skeptical that the savings would be worthwhile. As current clients, they now know better! To see what your company is missing in savings Download the White Paper about the “Eight Things You Need […]

Tax Credit Potential Savings The WOTC Program The work opportunity tax credit program (WOTC) was developed as a partnership between the U.S. Department of Labor and the IRS. WOTC provides employers an opportunity to earn tax credits for hiring individuals from federally recognized target groups that typically have high unemployment rates. Earned tax credits are […]

Do It Yourself? After a complimentary demonstration of our web-based or paper processes you might think, “This looks so easy I can do it myself!” As an MCM Client it IS very easy to capture your fair share of savings, but doing it yourself is a grueling nightmare of paperwork and regulatory red tape. FOR […]

Companies benefiting from WOTC savings have always been frustrated by the inability of Congress to pass WOTC for more than a year or two at a time, usually well after its official sunset.  Although WOTC has now been around for more than 20 years since the first legislation took effect on October 1, 1996, it […]

The WOTC is a partnership between two agencies, the IRS and the Department of Labor. It’s a hiring credit, it’s an incentive to hire people who have structural unemployment. They have historically high unemployment rates. Because qualifying for tax credit often involves two government agencies there are additional regulations and procedures involved. The certifying agencies, […]