WOTC and Hiatuses in 2019

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 […]

Work Opportunity: A Path Towards Permanency2

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 […]

Introducing the Tax Credit Chronicle

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 […]

Tax Credit Potential Savings

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 […]

BEHIND THE SCENES AT MCM: How WOTC was renewed through 2019, what it means and how McKenzie Chase played an important role

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 failure of Congress to enact Healthcare reform re-shines the spotlight

FAILURE TO ENACT HEALTHCARE REFORM KEEPS THE DOOR OPEN …to saving your company money. Companies with at or below minimum wage earners with a health insurance plan can provide enhanced healthcare benefits to qualified employees while both cutting healthcare costs and avoiding ACA fines for healthcare non-compliance. The failure of Congress to enact Healthcare reform […]