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.

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…]

Maximizing Benefits of WOTC: The Right Strategies and Tools

Maximizing your participation in the Work Opportunity Tax Credit program Businesses, particularly in sectors with high hiring rates such as restaurants, retail, and staffing, can maximize their participation in tax-credit programs by adopting a few straightforward best practices. These practices are aimed at simplicity and efficiency, and include: Adopting integrated employment screening Outsourcing the collection [Read More…]

Whitepaper | What you need to know about the Work Opportunity Tax Credit

Overview of the Work Opportunity Tax Credit program The federal Work Opportunity Tax Credit reduces the federal income tax liability of companies that employ people considered to face certain barriers to employment. The program was designed to promote hiring of targeted groups; among them veterans, people with disabilities, and people who receive food stamps or [Read More…]

Retro WOTC Ends – Program Out of Hiatus Through 2019

Situation As part of the Protecting Americans From Tax Hikes Act of 2015 signed into law last December, the Work Opportunity Tax Credit (WOTC) Program was extended through December 31, 2019 and retroactively for employees hired from January 1, 2015. The WOTC program will be now be in a steady-state, with no hiatus planned, through [Read More…]

New Research Shows WOTC-Eligible Employees More Likely to Stay on the Job

Dual value of WOTC: reduce turnover while increasing income  |  press release Equifax has published a press release and new whitepaper highlighting the additional benefits of the Work Opportunity Tax Credit (WOTC) program. “Most employers are familiar with the WOTC program and the value it delivers by way of reduced tax liabilities to offset the [Read More…]