AMGEN
BMS-center-logo
 

Military Connection Tax Credits
Military Connection Is Getting the Word Out to Employers About Tax Credits Available for Hiring Veterans.

 

MilitaryConnection.com, this site the go-to site of the military and Veteran communities, dosage is pleased to let employers know that the tax credit for hiring Veterans has been extended until 2019.

The tax credit, known as the Work Opportunity Tax Credit (WOTC), is available to employers who hire veterans. The WOTC is a workforce program that incentivizes workplace diversity and facilitates access to good jobs for American workers, including those who have served.

With a focus on employment, MilitaryConnection.com is in a unique position to see the benefits of the tax credit from both sides. Employers who hire veterans not only receive the valuable monetary perks from the federal tax credit that can offset the cost of recruitment, advertising and training, they also capture employees with a multitude of skills and an exceptional work ethic. The very nature of being in the military has given them attributes unlike those that civilians gain through most other types of employment.

“Those who serve in the military seldom have the luxury of long analysis when it comes to making a decision regarding a specific situation,” said Debbie Gregory, CEO of Military Connection. “This decisiveness, coupled with their tenacity and initiative, make veterans an obvious choice for potential new hires.”

Additionally, most veteran employees have proven that they can work individually, as part of a team, or in a leadership role.

The WOTC reduces an employer’s cost of doing business and requires little paperwork. The WOTC can reduce an employer’s federal income tax liability by as much as $9,600 per veteran hired, and there is no limit on the number of veterans that an employer can hire. To read more about the benefits of the tax credit, visit http://www.militaryconnection.com/veteran-hiring-tax-credits.

About MilitaryConnection.com
MilitaryConnection.com has been named a Top 100 Employment Webs Site by the International Association of Employment Web Sites for the prior five years. Additionally, in 2015, the website received the prestigious Users’ Choice Award. MilitaryConnection.com takes great pride in using its significant reach to assist, provide resources and facilitate win/win partnerships with wonderful non-profits, associations and government agencies serving military and veterans. MilitaryConnection.com features thousands of pages of resources and information. There is something for everyone including, but not limited to: a Job Board and Virtual Job Fair, comprehensive Post 9/11 GI Bill education information, a directory of thousands of scholarships, a Veteran school directory, news, press releases, special events, pay charts, benefits, service directories, commissaries & exchanges, golf courses and more.

tricare1

According to the Pentagon, Humana Government Business Inc, a unit of Humana Inc, and Health Net Federal Services LLC have been selected to provide managed care support to the U.S. Defense Department’s TRICARE healthcare program.

The total potential value of Humana’s contract is estimated to be $40.5 billion.

The total potential value of Health Net’s contract is estimated at $17.7 billion.

VAMBOA Joins Forces with the National Veteran Business Development Council (NVBDC) to Advance Vet Owned Businesses

The Veteran and Military Business Owners Association (VAMBOA), a 501(c)6 non-profit trade association, is proud to join forces with the National Veteran Business Development Council (NVBDC), the leading third party certification organization for veteran owned businesses. Together, the two organizations are working towards advancing certification for service disabled and veteran owned businesses (SD/VOBs).

VAMBOA founder Debbie Gregory said, “Our nation owes a debt of gratitude to the brave men and women who have worn our country’s uniform. In the private sector, veterans are 45 percent more likely than those with no active-duty military experience to be self-employed. Moreover, with nearly one in ten small businesses being veteran-owned, it is up to all of us to support them and contribute to their successes.”

The NVBDC, a 501(c)3 non-profit, is also committed to growing veteran owned businesses, and to that end has created a nationally recognized certification program via an easy and intuitive web based interface to complete the certification process.

Keith King, NVBDC president said, “We set out to build the ‘Gold Standard’ certification program for our fellow SD/VOBs, and we have done that. With the support and endorsement of GM, AT&T, Kellogg’s, Ford, Magna International, 3M, CPI, Consumers Energy and many more corporations, we are proud to provide an opportunity for VAMBOA members and our certified SD/VOBs to work with America’s leading corporations.

About VAMBOA
VAMBOA’s mission is to ensure the development, growth and prosperity of veteran owned businesses of all sizes. VAMBOA’s “Vet Owned” seal symbolizes the talent, dedication, leadership and courage of these special Americans who currently serve or have served in our nation’s Armed Forces. Membership is in the 501(c) 6 trade association is free. If you would like to sign up for membership, please visit http://www.vamboa.org. VAMBOA relies on corporate sponsorship. If you are interested in becoming a sponsor, please call Debbie Gregory at (877) 850-9800.

About NVBDC
The NVBDC’s principal goals are to promote business opportunities for SD/VOBs within commercial and government markets; to support the interests of all Veteran Owned Businesses; to facilitate interaction between VOBs, government, and all other businesses in support of business initiatives for Veterans; and to provide a forum for the exchange of ideas and information between its members, government agencies and industry through networking, committees, meetings, conferences and visits to government and industry facilities. The NVBDC is the certification body for SD/VOB’s that ensures that credible documentation exists of a business’ veteran status, ownership and control.

Historically the Industry Supplier Diversity programs have relied on non-government organizations to provide them with independent third party certification. The Government controlled Center for Veteran Enterprise does not verify MEDIUM or LARGE companies, thereby denying them a formal veteran business recognition. The NVBDC certifies all sizes of veteran businesses. Industry can be positive that a SD/VOB certified by the NVBDC is in fact an owned, operated and controlled veteran business.

The U.S. House recently approved H.R. 1694 and passed it on to the Senate for consideration. The legislation, drafted by Rep. Mike Fitzpatrick, R-PA, would include veterans in the Department of Transportation’s Disadvantaged Business Enterprise (DBE) program.

“The Fairness to Veterans for Infrastructure Investment Act is a bipartisan, common sense way to update legislation that redresses the exclusion of veteran small businesses at no cost to the taxpayer,” said James Oxford, chairman of the American Legion’s Veterans Employment and Education Commission. “The American Legion encourages the Senate and the White House to level the playing field for these veterans by turning Rep. Fitzpatrick’s legislation into law.”

“This legislation is necessary to provide parity for the nearly 1 million veterans who are small business owners seeking government contracts,” Oxford said. “Veterans should not be placed at a disadvantage in competing with other government procurement programs.”

According to the Small Business Administration, veterans own 380,395 construction firms, 64,542 manufacturing companies and 414,519 businesses in the professional, scientific and technical services. Currently, only half of the states meet their DBE goals. Adding veteran small businesses to this program would increase the pool of eligible firms at the states’ disposal.  For states that already meet their goals, this bill does not affect them or the small business contractors they employ.

National Veterans Small Business Engagement

Annual Event to Increase Contract Opportunities for Veteran-Owned Small Businesses

The Department of Veterans Affairs (VA) will sponsor the 5th annual National Veterans Small Business Engagement (NVSBE), cheap November 17–19, 2015, at the David L. Lawrence Convention Center in Pittsburgh, PA.

This premier event for Veteran-Owned Small Businesses provides the opportunity to learn from federal and commercial procurement decision makers the most effective ways to compete for and win federal contracts. More than 400 exhibitors and 25 government agencies will also participate in the event. The 2015 theme, ACCESS, is focused on promoting and supporting Veteran-Owned Small Businesses’ access to economic opportunities.

Featured speakers include: VA Secretary Robert A. McDonald, General Dennis L. Via, Administrator of the U.S. Small Business Administration Maria Contreras-Sweet, and Lockheed Martin’s Vice President of the Health & Life Sciences, Horace Blackman.

For details about the 5th annual NVSBE, visit www.nvsbe.com.

ibmpos_blurgb