The IRS just released the new 2020 Federal W-4 Form on December 5, 2019! What’s the Deal? “The primary goals of the new design are to provide simplicity, accuracy and privacy for employees while minimizing burden for employers and payroll…
Senate Passes WOTC, Indian Tax Credit, & Empowerment Zones
Just moments ago, the Senate passed the Taxpayer Certainty and Disaster Tax Relief Act of 2019 also known as the 2019 tax extenders bill, on Thursday, December 19th, and now the legislation heads to the President’s desk for final signature….
2019 Tax Extenders Bill Projected to Move to Senate This Week
After intense negotiations, Congress passed the Taxpayer Certainty and Disaster Tax Relief Act of 2019 also known as the 2019 tax extenders bill, on Tuesday, December 17th, and now the legislation is expected to be signed by the Senate later…
Are There Tax Incentives for Hiring People with Disabilities?
Yes, the IRS offers tax incentives for hiring people with disabilities. The government designs tax credits to encourage employers to hire disadvantaged individuals who might otherwise have difficulty finding gainful employment. Businesses that make a concerted effort to identify and…
IRS Indicates Relaxed Rules for Timing of WOTC Claims
The Work Opportunity Tax Credit (WOTC) can provide a significant tax advantage to employers who hire qualifying workers. However, jumping through the hoops to prove that an employee is qualified can be cumbersome. Timely submission of certification requests is an…
