WOTC: Processing 2014 Certification Requests

Washington Monument

In light of the retroactive renewal of WOTC as part of the Tax Increase Prevention Act of 2014, the Department of Labor has issued internal guidance to the State Workforce Agencies on processing of 2014 certification requests.  The guidance instructs the Workforce Agencies to begin making determinations for all certification requests for hire dates in [Read More…]

WOTC Back in Hiatus

WOTC hiatus

As of January 1, 2015, the Work Opportunity Tax Credit (WOTC) is back in hiatus.  Previously, WOTC was retroactively renewed to allow certifications for all hires made in 2014.  During hiatus all WOTC form filing rules and guidelines are in force.  The State Workforce Agencies will be accepting certification request, marking them as received timely, [Read More…]

I-9 Compliance Bulletin: Immigration Reform

WOTC hiatus

President Obama’s Executive Actions:  What They Mean for Employers President Obama’s recent executive actions could allow as many as 5 million undocumented workers to stay in the U.S. if they meet certain conditions.  The actions will expand the population eligible for the Deferred Action for Childhood Arrivals (DACA) program and extend the period of DACA [Read More…]

WOTC Renewed!

Barack Obama WOTC Renewal

The President has signed into law the Tax Increase Prevention Act of 2014 that extends the Work Opportunity Tax Credit (WOTC) retroactively from Jan 1, 2014 through December 31, 2014. The measure also includes a retroactive extension of other federal hiring credits – both the Federal Empowerment Zone and Indian Employment Credits. This positive result [Read More…]

Medical Identity Theft on the Rise

thumb_Healthcare

Medical identity theft and fraud are rising as more private patient data is put online without adequate security measures. Not only are patients being billed for treatments they never received, medical records are being altered in ways that can have life-threatening consequences. In the most recent survey conducted by the Identity Theft Resource Center, medical identity [Read More…]

WOTC Legislation: House Passes One-year Renewal

WOTC legislation

On Wednesday, with a vote of 378-46, the U.S. House of Representatives approved H.R. 5771, the “Tax Increase Prevention Act of 2014″.  Included in this bill is a one year extension of WOTC and other expired tax provisions including the Indian Employment Credit and the Federal Empowerment Zone Credit.  The Senate is expected to pass [Read More…]

WOTC Legislation: Call to Action

WOTC hiatus: call to action

The legislative authority of the Work Opportunity Tax Credit (“WOTC”) expired on January 1, 2014.  The program is currently in a hiatus period and requires reauthorization by act of Congress.  Employers can go to WOTCmeansjobs.com, a legislative advocacy site, to send a direct message to their Senator to advocate for a long-term renewal of these [Read More…]

Executive Action! President Obama’s Immigration Plan

WOTC Renewed

Yesterday evening (November 20, 2014), President Obama announced his plan for executive action on immigration. In the national speech, the president outlined three areas of focus the executive action is geared to address: Increase Border Security: Provide additional resources for law enforcement personnel so that they can stem the flow of illegal crossings and speed [Read More…]

Questions are the Answer for Millennials in Auto Finance

Millennial Car Buying

The next generation of car buyers is walking through showroom doors with mounds of student debt and thin credit files, making creditworthiness particularly challenging to discern. For dealers looking to better serve the swiftly growing millennial market, Equifax’s resident auto marketing expert Jenn Reid recently shared practical advice with Car Biz Today on how to help align this growing customer base with the [Read More…]

Keep Customers from Selling Themselves Short

dream car

A common misconception in auto lending is that there’s a high propensity for customers to overstate their income. In reality, what Equifax has found is that around 25% of borrowers overstate their income while 75% actually under-report what they make. In either scenario, getting an accurate representation of employment and income data eliminates many uncertainties [Read More…]