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Tag Archives: Tax Credit

Tax credit available for businesses providing qualifying family and medical leave

October 8, 2018

On Sept. 24, 2018, the IRS provided guidance on a tax credit that was enacted by the 2017 Tax Cuts and Jobs Act (TCJA).  The new business credit is for eligible employers who provide paid family and medical leave to their employees for tax years 2018 and 2019.  Qualifying types of family and medical leave … Continue reading Tax credit available for businesses providing qualifying family and medical leave

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IRS and DOL extend transition relief for WOTC through September 29, 2016

June 20, 2016

On June 17, 2016, the IRS released Notice 2016-40 and the Department of Labor (DOL) released Training and Employment Guidance Letter (TEGL) 25-15, further extending Work Opportunity Tax Credit (WOTC) transitional relief and detailing procedures for the new Long Term Unemployed (LTU) target group. Employers now have until September 29, 2016, to submit forms for … Continue reading IRS and DOL extend transition relief for WOTC through September 29, 2016

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