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Tax Credits Blog

FINALLY - WOTC has been extended

WOTC and EZ credits have been extended retroactively from 1/1/12 through 12/31/13 - all paperwork that has been sent in to the state agencies will now be reviewed and we should start seeing certifications flowing in a week or two.  We will be able to generate credits for two years in 2013 - one for 2012 and one currently for 2013.

 

Good news.

 

Be Well.

 

Ken Brice

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609-252-0044

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FINALLY - WOTC has been extended

WOTC and EZ credits have been extended retroactively from 1/1/12 through 12/31/13 - all paperwork that has been sent in to the state agencies will now be reviewed and we should start seeing certifications flowing in a week or two.  We will be able to generate credits for two years in 2013 - one for 2012 and one currently for 2013.

 

Good news.

 

Be Well.

 

Ken Brice

This email address is being protected from spambots. You need JavaScript enabled to view it.

609-252-0044

.

Still Waiting

The good news is that they (the Congress) have to resolve this fiscal cliff before the end of the year and I believe they will come up with something, if not a stop-gap measure to avoid the cliff.

 

There are still credits to recoup - HIRE Act 2010, EZ/EC/RC credits as well as the active WOTC category - Veterans, both on public assistance and those who are unemployed.

 

Ken

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Fiscal cliff can be our best friend

to finally get something done vis a vis tax credits extenions.  The democrats in the Senate have already signed off on the extensions so we need the republicans in the house to do the same.  Our extensions are basically a footnote to the larger bill that needs to be resolved by the end of the year or else we will fall off a cliff.

 

Take a moment and write a letter/call your republican house members to ask them to support the tax credit extensions that are in the current bill on the floor.

 

Do it now.

 

Ken Brice

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No good news from Washington

Well, it didn't get done as far as I can tell.  The legislators all took their recess without passing the extensions for WOTC and EZ.  What gets me is the fact that major corporations are going to take a serious earnings hit if they don't get the tax credits that they've had in the past - its like a huge tax increase without the credits - something I know the Republicans are fighting against.  What every happened to "not one dollar of revenue increase" by the GOP?  I know someone out there realizes not extending a tax credit is the same as increasing taxes.

 

Ken Brice

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