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Democrat and Republican leaders have reached a $900 billion coronavirus relief deal that includes significant components for business. The Committee on Ways and Means has published an Overview of Achievements, which include: 5-year extension of Empowerment Zones (Fed EZ) and Work Opportunity Tax Credit (WOTC) 2-year extension of Indian Employment Credit (IEC) 1-year (plus sixty…

As the Coronavirus aid and spending packages are being finalized in D.C., Synergi Partners is tracking a tax title in the Omnibus bill which includes a one year extension to the Work Opportunity Tax Credit (WOTC), Federal Empowerment Zones (Fed EZ), and Indian Employment Credits (IEC), as well as expanded disaster relief. Discussions are also…

Breaking down the background of disaster relief tax credits; the eligibility; and nuances of the analyzation. Disaster Credits 101: As a Senior Tax Analyst, I calculate the disaster tax credits for our largest clients. Most importantly, I always ensure the client receives the maximum eligible credit. I have calculated more than a few disaster credits…

One thing that has always made me excited and humbled to be a part of the WOTC (Work Opportunity Tax Credit) industry is the sense that I am making a difference in our community. You might ask “Well, how does WOTC do that?” For me it’s simple. WOTC is a federal tax credit that is…

I am a team player, leader, positive motivator, and a proven lead generator. I am results oriented, competitive by nature and one who can easily build outstanding relationships. I get to work with clients of all sizes and locations all over the United States daily. I help them receive every credit dollar that they are…

“Gratitude is a quality similar to the electricity; it must be produced and discharged and used up in order to exist at all.” William Faulkner Today I am Thankful. The roller coaster ride with this pandemic has taken so many twists and turns. Who would have imagined all the disruptions we would be faced with,…

I’m a fixer! Throughout my career, I have learned that I want to help and it’s exciting to me to be able to see the fruits of my labor. With that, I joined the WOTC (work opportunity tax credit) team at Synergi Partners and have been adding value since the moment I walked in the…

Who qualifies and who does not? There is a big misunderstanding and much confusion surrounding the CARES Act Employee Retention Credit (ERC):Who qualifies and who does not? Unfortunately, many companies do not realize that per the CARES Act law, almost all businesses qualify for the Employee Retention Credit. This confusion among business leaders is literally…

It’s been just a few months since I joined Synergi and like a sponge, I am learning and quickly developing insight and knowledge into the operation of new tax credits. My role as a Tax Service Manager and the day-to-day is to assist clients through the evolution of processing and maximizing the ERTC available under…

Disaster Relief Act would provide tax relief to businesses impacted by Iowa derecho, the wildfires in California and Oregon and Hurricanes Laura and Isais News from Washington: Senate Finance Committee Chairman Chuck Grassley (R-Iowa) and Sen. Joni Ernst (R-Iowa) continued their efforts to provide support for Iowans impacted by the August derecho that devastated parts…