Welcome to TCS's News Feed - updated with the latest news regarding Federal, State, and Local government tax incentives that can benefit your company. http://www.taxcreditservices.com Mar. 2010 The President signed the HIRE Act into law at 11:30am March 18, 2010. The law provides several different opportunities for businesses to capitalize on incentives for hiring additional employees... http://www.taxcreditservices.com/news-fulltext.html#032010-Hire-Act Mar. 2010 The House of Representatives passed a bill in December 2010 that extends through the end of 2010, beneficial tax credits and incentives that are available to businesses participating in certain activities or doing business in areas that are economically in need of development. On March 10, 2010, the Senate passed the legislation and will now go to a legislative committee before going to the President for signature and finally becoming law... http://www.taxcreditservices.com/news-fulltext.html#032010-HR4213 Nov. 2009 A bill has been introduced that would expand the Work Opportunity Tax Credit to include "Long Term Unemployed Individuals" as a target group which would make their employers eligible for up to $2,400 in Federal Tax Credits... http://www.taxcreditservices.com/news-fulltext.html#112009-HR3953 Nov. 2009 SourceCorp Professional Services, the nation's leading provider of specialized business tax services, announced today that it has formed a strategic alliance with Tax Credit Services, LLC... http://www.taxcreditservices.com/news-fulltext.html#112009-SourceCorp-TCS-Alliance Oct. 2009 This bill has been introduced by Congressman Phil Roe (R-TN) that would expand the Federal Work Opportunity Tax Credit (WOTC) to include "Rural Area Residents" to the growing list of target groups. This target group must live and work in a designated rural area and would be set to expire in 5 years... http://www.taxcreditservices.com/news-fulltext.html#102009-HR3807 Oct. 2009 A bill has been introduced in Congress that would expand the Federal Work Opportunity Tax Credit (WOTC) to include all new hires, not just those who are in the currently required Target Group Categories... http://www.taxcreditservices.com/news-fulltext.html#102009-HR3784 Oct. 2009 The Department of Labor issued Training and Employment Guidance Letter No. 3-09 Change 1 on Wednesday October 7, 2009. This notice is concerning Work Opportunity Tax Credit processing procedures by employers and consultants and gives guidance to the individual State Workforce Agencies (SWA) surrounding certification and documentation processes... http://www.taxcreditservices.com/news-fulltext.html#102009-WOTC-Processing-Procedures Oct. 2009 Government officials and community revitalization experts asked House lawmakers to extend the federal tax incentives that are available in Empowerment Zones (EZ) and Renewal Communities (RC) programs before they expire at the end of 2009. In testimony before the House Ways and Means Subcommittee on Select Revenue Measures on October 7, the Housing and Urban Development (HUD) general deputy assistant secretary, said the Obama administration supports extending the tax incentives through 2010 in order to encourage business investment, economic revitalization and job creation... http://www.taxcreditservices.com/news-fulltext.html#102009-Extend-Tax-Incentives-Distressed-Communities Oct. 2009 The Memphis-based firm, which has satellite offices at other locations throughout the United States, has consultants on the Work Opportunity Tax Credit... http://www.taxcreditservices.com/news-fulltext.html#102009-Memphis-Daily-News Aug. 2009 Helping to grow jobs and improve California's business climate, the California Department of Housing and Community Development today announced the conditional designation for five Enterprise Zones statewide... http://www.taxcreditservices.com/news-fulltext.html#082009-California-New-Enterprise-Zones May 2009 HR New Hire announced a partnership with Tax Credit Services (TCS) under the TCS Advanced Partner Program to provide Work Opportunity Tax Credit (WOTC) services... http://www.taxcreditservices.com/news-fulltext.html#052009-HRNewHire-TCS-Alliance Mar. 2009 USVerify has partnered with Tax Credit Services through our Advanced Partner Program to provide Work Opportunity Tax Credit (WOTC) services. http://www.taxcreditservices.com/news-fulltext.html#032009-USVerify-TCS-Alliance Feb. 2009 In response to the current economic conditions the President signed the American Recovery and Reinvestment Act of 2009 (H.R. 1) on February 17, 2009. The new law creates two new categories of targeted groups under the existing Work Opportunity Tax Credit... http://www.taxcreditservices.com/news-fulltext.html#022009-New-WOTC-Catagories Enterprise Zones are targeted areas that have been designated by state or local governments as blighted or economically depressed. Today roughly forty of the fifty states have designated zones to spur economic development in an effort to attract and retain businesses within these boundaries... http://www.taxcreditservices.com/news-fulltext.html#Enterprise-Zone-Programs