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In the News: Working to Save Companies Tax Dollars

Do You Have Locations in NY? New York has extended the NY Youth Works Program from 2014 through 2018. Walton Management Services has been pleased to take a part in increasing the number of private sector jobs by assisting clients

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Posted in Federal Tax Credits, State Tax Credits, Tax Credits, Tax Incentive Programs, Work Opportunity Tax Credits (WOTC)

Did WOTC Work In 2011? The Proof Is In The Stats

The Department of Labor just released the following statistics on the Work Opportunity Tax Credit (WOTC) Program for 2011: The average cost of a WOTC job to the Federal government is approximately $1,200, the lowest of any Federal jobs program.

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Posted in Federal Tax Credits, Tax Credits, Tax Incentive Programs, Work Opportunity Tax Credits (WOTC)

Governor Expands New Jersey Economic Incentives with Grow New Jersey Assistance Program

On January 6, 2012, Gov. Chris Christie signed Bill S3033 creating the Grow New Jersey Assistance Program. This program provides $200 million in tax incentives to encourage private sector growth in both urban and suburban areas. Funds for Grow New Jersey will

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Posted in State Tax Credits, Tax Credits, Tax Incentive Programs

HIRE ACT Proposed As Part of President’s American Jobs Act

On Thursday, September 9, 2011, President Obama revealed  his $447 billion American Jobs Act package. With the intent of improving economic growth and creating jobs, a large percentage of this proposal consists of payroll tax cuts for both the employer

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Posted in Federal Tax Credits, Tax Credits, Tax Incentive Programs

Businesses Still Have An Incentive To Hire With Jobs Tax Credits

Giving businesses an incentive to hire, and getting newly hired individuals off of the unemployment dole, continues to be a focus of many states through an offering of tax credits targeting the creation and retention of jobs. Following is a

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Posted in State Tax Credits, Tax Credits, Tax Incentive Programs

Hire One Idaho

Hire One Idaho is the state’s latest effort in rewarding employers who create new jobs. The program is based on the employer’s unemployment insurance tax rating and the county unemployment rate where the new job is located. Qualified businesses can receive

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Posted in State Tax Credits, Tax Credits, Tax Incentive Programs

Tennessee Governor Haslam Increases Job Credits

Tennessee is yet another state that has recently reformed its tax credit legislation to increase its incentive pool in an effort to make Tennessee more attractive to economic development as well as make businesses accountable for the incentives received. The

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Posted in State Tax Credits, Tax Credits, Tax Incentive Programs

The Governor’s Budget May Revision 2011-2012 Proposes CAEZ Reforms

The modifications proposed include: A tax credit available to businesses that actually increase their level of employment A tax credit of $5,000 for each incremental full-time employee hired The tax credit can only be claimed on the taxpayer’s originalreturn No allowance

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Posted in California Enterprise Zone (CAEZ) Tax Credits, State Tax Credits, Tax Credits, Tax Incentive Programs

New York Legislature Passes Budget Bill

March 31, 2011: Governor Cuomo’s passage of the 2011-2012 Budget Bill, includes enhancements to the Excelsior Jobs Program. The Excelsior Jobs Program focuses on the growth and expansion to such targeted industries as biotechnology, pharmaceutical, high-tech, clean-technology, green technology, financial

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Posted in State Tax Credits, Tax Credits, Tax Incentive Programs

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