The Katrina Emergency Tax Relief Act of 2005 provides special tax incentives for businesses that hire Katrina victims.  Two specific portions of the law pertain to the Work Opportunity Tax Credit (WOTC).  There are operational, financial and tax filing issues, some of which are date sensitive, that are important for you to consider.

The first new law awards the WOTC credit to ANY U.S. business that hires and starts a Katrina victim on or before 12/31/05.  The computation of the credit and the limits are the same as the WOTC you now know.  We would be glad to discuss the specific documentation and calculation requirements for these credits with you at 866-753-3379. 

A second more generous law awards the WOTC credit to businesses that are in specific counties or parishes designated by FEMA as being a Core Disaster Area(CDA).  We would be glad to help you determine if you are in a CDA, what the tax ramifications are, and what documentation you need.  Call us at 866-753-3379.

HURRICANE KATRINA TAX BENEFITS PRESENTATION- MOBILE, ALABAMA

Hurricane Katrina Tax Credits, Use ‘Em or Lose ‘Em is being presented by Jeff Newcorn, President of R. Jeffrey & Associates at the Chamber on September 13th at 8:00 to 9:30 A.M.. Jeff, a national tax incentive expert, uses plain English to guide you through your options in identifying and collecting your credits. The emphasis will be on the largest Katrina credit, the Work Opportunity Tax Credit. Attendees should all gain important insight into how much credit they qualify for.

The anniversary of one of the Gulf Coast’s worst disasters is the perfect time to hear how these credits are designed to help Mobile business owners, and you will be given specific instructions for claiming these once-in-a-lifetime tax incentives. For additional Information call 866-753-3379.