About Michael Montgomery

Michael Montgomery is Director, Product Management for Equifax Workforce Solutions where he leads strategy and product development for the company’s Tax Credits and Incentives solutions. Montgomery has a B.S. in Marketing from the University of Arizona as well as an MBA from Southern Methodist University’s Cox School of Business.

A Top 25 Bank Increases WOTC Results by More than 50%

A top 25 bank that switched to the Equifax Workforce Solutions WOTC Management technology has seen more than a 50% improvement in their WOTC results in less than a year. Small tweaks to the bank’s WOTC process improved screening completion and eligibility identification to drive a significant increase to their overall WOTC program performance. Client [Read More…]

Lift the Burden of WOTC Docs and Get a Lift in Your Credits

There are three key elements of a successful WOTC program: ‘screening all’, ‘screening smart’, and timely collection of required documentation. With 9 different WOTC eligibility categories, sorting through documentation requirements to determine what is needed and how to best collect that documentation can be challenging. In addition, we’ve found that employers often face other barriers [Read More…]

Rake In the WOTC Credits this Fall

It’s the time of year when the leaves are falling and the weather is changing. With many businesses preparing to staff up for the holiday season it’s a perfect time to start screening for the Work Opportunity Tax Credit (WOTC) or to optimize your process so you are getting all of your potential credits. According [Read More…]

NEW Hurricane Relief Law with Tax Credit for Employers

On September 29, 2017, President Trump signed into law the Disaster Tax Relief and Airport and Airway Extension Act of 2017 to deliver targeted tax relief to victims of Hurricanes Harvey, Irma, and Maria. The law includes an employee retention tax credit for employers. Qualifying businesses with locations within the disaster zones can seek a [Read More…]

Do You WOTC? Target Groups for the WOTC Opportunity Tax Credit

According to the United States Department of Labor, employers generally can earn a tax credit equal to 25% or 40% of a new Work Opportunity Tax Credit (WTOC) eligible employee. Does your organization take advantage of this opportunity?  WOTC was enacted by the federal government to promote the hiring of certain targeted demographic groups that [Read More…]

TCI Tax Intelligence: Georgia Tax Credit Changes

Over the past year, Georgia has made a number of changes to their tax credit line-up. Two recent house bills resulted in three of the more prominent changes. The 2016 HB 936, creates a new parolee hiring credit and makes adjustments to the job tax credit. Also, 2017 HB 265, makes adjustments to the quality [Read More…]

Maximize Hiring Tax Credits with Mobile WOTC Screening

A mobile-optimized WOTC screening solution can help maximize tax credits.  Americans are relying more and more on mobile devices.  In fact, Pew Reseach Center reported in January 2017 that 77% of US adults own a smartphone.  Use of mobile phones in talent acquisition is also on the rise.  This includes job searches and applications. iCims [Read More…]

Bulletin: Deadline to Use New WOTC Forms is Here

Situation As we previously reported, the United States Department of Labor (DOL) set an end date of April 11, 2017 for the grace period for using previous versions of certain Work Opportunity Tax Credit (WOTC) forms. In early March, the DOL released an updated version of the following two forms: ETA Form 9061 Individuation Characteristics [Read More…]

Bulletin: TCI – US Department of Labor Issues Updated Guidance on WOTC

Department of Labor Issues Updated Guidance on WOTC Situation In January, the United States Department of Labor released an update to Training and Employment Guidance Letter (TEGL) No. 25-15, with revised guidance on the Work Opportunity Tax Credit (WOTC). The main change was extending the grace period for using the previous versions of the Employment [Read More…]

WOTC Has a Broad Range of Benefits…So What are They?

Leveraging WOTC Screening for State Tax Credits Many states offer their own tax credits based on hiring employees in specific target groups, similar to WOTC. In fact, some states use some of the same target groups as the WOTC program allowing employers to capture both the federal WOTC credit and the state credit simultaneously to [Read More…]