Blog Archives

In the News: Working to Save Companies Tax Dollars

Posted on May 21, 2013 by Walton Management Services, Inc.

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…

Tagged with: Advantage Jobs Credit, Alabama, business, Connecticut, disadvantaged youth, Federal Tax Credits, Governor Cuomo, Health Care Industry Zone Act, healthcare, Hire a Veteran, Hire Veterans First, Illinois, Infrastructure Assistance, job creation, job training, jobs credits, Jobs Tax Credit, Mississippi, New Mexico, NY Youth Works Program, Philadelphia, Returning Heroes Tax Credit, State Tax Credits, tax credits and incentives, tax incentive programs, tax savings, unemployment, Vermont, Veterans, Walton Management Services, Wisconsin, Work Opportunity Tax Credits (WOTC), Wounded Warrior Tax Credit
Posted in Federal Tax Credits, State Tax Credits, Tax Credits, Tax Incentive Programs, Work Opportunity Tax Credits (WOTC)

California Enterprise Zone Update

Posted on May 20, 2013 by Walton Management Services, Inc.

This month California’s legislature and the governor’s office have put forth legislation to dramatically alter the California Enterprise Zone Program (CA EZ). First, SB 434 passed the California Senate Governance and Finance Committee along a party-line vote and now heads…

Tagged with: business, CAEZ, State Tax Credits, Tax Credits, tax credits and incentives, tax incentive programs, tax savings, Walton Management Services
Posted in California Enterprise Zone (CAEZ) Tax Credits, State Tax Credits, Tax Credits, Tax Incentive Programs

Business Financial Incentive Updates

Posted on May 9, 2013 by Walton Management Services, Inc.

Colorado Enterprise Zone Revision Colorado has limited the credit for new business facility employees to income tax years beginning before January 1, 2014, and repealed the credit effective December 31, 2019; enacted a new credit for income tax years beginning…

Tagged with: business, Colorado Enterprise Zone Revision, Indiana Infrastructure Development Zone, Maryland Business Improvement Credit, Maryland Cybersecurity Investment Incentive Tax Credit, Massachusetts Small Business Wellness Program Tax Credit, New York Youth Works Program, North Dakota Renaissance Zone Exemption, State Tax Credits, Tax Credits, tax credits and incentives, tax incentive programs, tax savings, Walton Management Services, West Virginia Film Industry Investment Credit
Posted in State Tax Credits, Tax Credits, Tax Incentive Programs

WOTC and Other Tax Extenders Update

Posted on September 13, 2012 by Walton Management Services, Inc.

On September 13, 2012, the Senate officially considered the motion to proceed to the tax extenders bill, entitled The Family and Business Tax Cut Certainty Act (S3521). S3521 looks to extend many of the popular tax extenders for at least…

Tagged with: business, Empowerment Zone Tax Incentive, Federal Empower Zone Tax Credit, Federal Tax Credits, Indian Employment Credit, New Market Tax Credit, R&D tax credits, S3521, Tax Credits, tax credits and incentives, tax extenders, tax incentive programs, tax savings, The Family and Business Tax Cut Certainty Act, Walton Management Services, Work Opportunity Tax Credits (WOTC), WOTC
Posted in Federal Tax Credits, Tax Credits, Tax Incentive Programs, Work Opportunity Tax Credits (WOTC)

With Bipartisan Agreement, Senate Panel Passes Tax Bill

Posted on August 6, 2012 by Walton Management Services, Inc.

On Wednesday, August 1st, Chairman of the Senate Finance Committee Max Baucus (D-Montana) and Senator Orin Hatch (R-Utah) announced a bipartisan agreement on the tax extenders bill, now labeled the Family and Business Tax Cut Certainty Act. Although this Senate…

Tagged with: biofuels tax credit, business, cellulosic biofuels bonus depreciation, Empowerment Zone, empowerment zone tax credits, Family and Business Tax Cut Certainty Act, Federal Tax Credits, Indian employment tax credit, new markets tax credit, New York Liberty Zone, payroll tax break, returning heroes and wounded warriors work opportunity tax credits, State Tax Credits, Tax Credits, tax credits and incentives, tax extenders, tax incentive programs, tax savings, Work Opportunity Tax Credits (WOTC), WOTC
Posted in Federal Tax Credits, State Tax Credits, Tax Credits, Tax Incentive Programs, Work Opportunity Tax Credits (WOTC)

State Tax Credits Still Fund New Job Growth, As We Await Extension of WOTC

Posted on May 11, 2012 by Walton Management Services, Inc.

As many employers take advantage of the WOTC category extension for unemployed veterans through the end of 2012, businesses still await the passage of all other target group categories of the WOTC Program. Despite bipartisan support for the WOTC Program,…

Tagged with: Arizona’s Quality Jobs Tax Credit, Federal Tax Credits, Florida's Jobs for the Unemployed, H.R. 2082, Hire a Veteran, JUTC, Nevada Silver Works Program, NY Youth Works Program, QJTC, State Tax Credits, Tax Credits, tax credits and incentives, tax extenders, tax incentive programs, tax savings, training reimbursements, wage subsidies, Work Opportunity Tax Credits (WOTC)
Posted in Federal Tax Credits, State Tax Credits, Tax Credits, Tax Incentive Programs, Work Opportunity Tax Credits (WOTC)

Promote Hiring – H.R. 9, the Small Business Tax Cut Act of 2012

Posted on March 23, 2012 by Walton Management Services, Inc.

While Congress debates the long-term makeup of the U.S. government’s fiscal policy as well as comprehensive tax reform, small and large businesses alike continue to pressure their congressional representatives to renew a number of tax credit programs that have helped…

Tagged with: hiring tax, Small Business Tax Cut Act of 2012, Tax Credits, tax credits and incentives, tax extenders, tax incentive programs, tax savings, Work Opportunity Tax Credits (WOTC)
Posted in Federal Tax Credits, Tax Credits, Tax Incentive Programs, Work Opportunity Tax Credits (WOTC)

Tax Break Extensions Lose Momentum Before Election

Posted on February 1, 2012 by Walton Management Services, Inc.

WASHINGTON, Jan 31 (Reuters) – The U.S. Congress is unlikely to renew before November elections 67 temporary tax measures that expired at the end of 2011, Senator Orrin Hatch, the top Republican on the U.S. Senate Finance Committee, told Reuters…

Tagged with: payroll tax, Tax Credits, tax credits and incentives, tax incentive programs, tax savings
Posted in Federal Tax Credits, Tax Credits, Tax Incentive Programs, Work Opportunity Tax Credits (WOTC)

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

Posted on January 26, 2012 by Walton Management Services, Inc.

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.…

Tagged with: job creation, jobs credits, Tax Credits, tax credits and incentives, tax incentive programs, tax savings, Work Opportunity Tax Credits (WOTC)
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

Posted on January 16, 2012 by Walton Management Services, Inc.

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…

Tagged with: job creation, jobs credits, State Tax Credits, Tax Credits, tax credits and incentives, tax incentive programs, tax savings
Posted in State Tax Credits, Tax Credits, Tax Incentive Programs

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