Proposed Legislation to Increase WOTC Minimum to $5,000 per Employee for All Targeted Groups FOR IMMEDIATE RELEASEMay 21, 2021 (Florence, SC – May 21, 2021) Legislation has been proposed to increase the Work Opportunity Tax Credit (WOTC), a proven business incentive that helps disadvantaged groups find jobs. The program, that was recently extended until December…
Read MoreEmployee Retention Credit Extension to Further Economic Relief to Businesses Including PPP Recipients FOR IMMEDIATE RELEASEMarch 11, 2021 (Florence, SC – March 11, 2021) Today President Biden signed the American Rescue Plan Act of 2021 stimulus bill into law. Among the many provisions within the legislation includes another six-month extension of the CARES Act Employee…
Read MoreAnticipated Employee Retention Credit Extension to Further Economic Relief to Businesses Including PPP Recipients (Florence, SC – February 11, 2021) In the last year, Congress and the Administration have taken extraordinary actions to provide important targeted assistance to families, businesses and the unemployed in response to the COVID-19 pandemic. This includes the CARES Act Employee…
Read MoreJust as the name of our organization suggests, we here at Synergi produce substantial results as a unified force. In 2018, I got the exciting opportunity to join the Synergi Partners Team and become a part of a team that has allowed me to grow and flourish in my role. As a WOTC State Support…
Read MoreThis is the first time in tax credit history that businesses of ALL sizes and in all industries can benefit from the same program! There is much awareness of the Paycheck Protection Program (PPP) which has recieved a lot of news attention and hype. What you are probably not hearing about, and/or if you are,…
Read MoreTax Extenders Have Been Renewed and New Disaster Relief Available (Florence, SC – January 6, 2021) – On Sunday, December 27, 2020, the President signed into law the Consolidated Appropriations Act, 2021 (H.R.116). The Act includes a tax credit package that provides a one-year extension through 2021 to the Indian Employment Credit (IEC), and a…
Read MoreEmployee Retention Credit Enhanced and Expanded for Further Economic Relief to Businesses (Florence, SC – December 27, 2020) – On Sunday, December 27, 2020, the President signed a $900 billion COVID-19 relief package into law that includes additional relief for businesses. Specifically, the new legislation amends, expands, and enhances the CARES Act Employee Retention Credit…
Read MoreEmployee Retention Credit to PPP Recipients – worth up to $19,000 Per Employee for Your Business! The new stimulus bill, that is awaiting the President’s signature, includes a 2021 CARES Employee Retention Credit (ERC) extension and new ERC tax incentives for Paycheck Protection Plan (PPP) recipients. This is what we’ve been waiting for! After many…
Read MoreDemocrat 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…
Read MoreAs 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…
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