WOTC Legislation: Call to Action

WOTC update

The legislative authority of the Work Opportunity Tax Credit (WOTC) expired on January 1, 2015.  The program is currently in a hiatus period and requires reauthorization by act of Congress.  The Extender’s Coalition, a bi-partisan legislative advocacy organization, has prepared an electronic letter imploring members of Congress to pass a “tax extender bill” – including a [Read More…]

ETS Tax Intelligence: 2015 FUTA Tax Rate Outlook

FUTA Tax Rates

Situation The “Great Recession” continues to impact FUTA tax rates in 2015 as evidenced by the five states that continue to borrow from the federal government in the form of “Title XII” loans.  The federal government offers states the ability to borrow when their unemployment trust funds are depleted and they are unable to pay [Read More…]

Identity Discovery: The Global Identity Summit

The key to success in discovery of an identity is understanding how disparate data elements combine to form a conclusive identity. A remote (online or mobile) application for access or services could be from the true person or a stolen or fictitious identity. Good identity verification uses a broad range of data elements to verify the [Read More…]

Michigan Taxable Wage Base Decreases

Taxable Wage Base

Beginning with the third quarter of 2015, the annual wage on which an employer must pay unemployment taxes will be lowered from the current rate of $9,500 to $9,000.  The new rate of $9,000 will apply to all employers who pay unemployment taxes and who are not delinquent in the payment of unemployment contributions, penalties, [Read More…]

Senate Finance Committee Passes Tax Extender Package

Beginning on July 21, the Senate Finance committee began their process of a “markup” of a tax extenders bill.  Recall that WOTC – a key element of the tax extenders, has been in hiatus since January 1, 2015.  The text of the markup proposal can be found here.  A markup is an important step in [Read More…]

Using Analytics to Power Identity Proofing

Revolving Door Turnover

Confirming the identities of an individual user in a large populations can be challenging. A government agency giving a constituent access to sign up for benefits or check records may potentially be challenged with identifying a single person among more than 230 million adults. Combating identity-based fraud on that scale can be even more challenging. While [Read More…]

WOTC Update: Tax Reform and Tax Extenders

WOTC update

Tax reform is sometimes mentioned as a potential cause of delay for the renewal of WOTC and other tax credits.  That is, if tax reform were to happen, then it is conceivable that, as part of that process, various tax credits would cease to be renewed in favor of a reduction and simplification of overall [Read More…]

ETS Tax Intelligence: Forecasting SUI Tax Rates

Forecasting SUI tax rates

Situation For most employers, state unemployment insurance (“SUI”) tax rates are generally cyclical.  As demonstrated by the graph, national average SUI tax rates  trend downward during a period of economic growth and trend upward following a period of economic downturn (as was the case with the “Great Recession”).   However, trends are not always exact and [Read More…]

Fraud Prevention: Crimes against Revenue on the Rise

WOTC Bill Renewal - law

Fraud perpetrated by or on behalf of local public assistance recipients continues to be a recurring sore spot in the ability of local jurisdictions to control growing costs, and improve revenue collections and use. “Crimes against revenue” is a particular phrase used over past years by localities seeking to address this kind of public sector [Read More…]

Illinois Budget Deficit Spurs Incentive Cuts

Illinois Budget Deficit

With a proposed budget deficit of nearly $4 billion for the 2016 fiscal year, the Illinois Governor’s Office has issued a press release which places a hold on certain future incentives for businesses. Effective immediately, the state is suspending all new applications for the Economic Development for a Growing Economy (EDGE) Tax Credit Program, Large [Read More…]