Dec 28, 2020•John Bohannon
Officially signed into law on December 27th, the recent omnibus Covid-19 relief bill H.R. 133 reversed the Service’s previous stance regarding the deductibility of PPP-related expenditures.
Dec 28, 2020•Rachel Zarate Brouwer
On the night of December 21st, Congress approved a $900 billion stimulus package, the Consolidated Appropriations Act 2021. With eyes on COVID 19 relief efforts for businesses, the act renews several provisions, including the Work Opportunity Tax Credit (WOTC), Indian Employment Credit, and Federal Empowerment Zone. The bill also grants a $22M increase in federal funding to increase efficiencies with the WOTC program by using modern technology for the certification process.
Nov 26, 2020•Rachel Zarate Brouwer
A $2.5 million tax credit grant is making its way to 12 states in order to speed up processing times for Work Opportunity Tax Credit Program certifications!
