Healthcare Organizations Face Soaring Compliance Costs
The DOL’s final rule regarding “white collar” exemptions is challenging all organizations to take a hard look at their compliance costs and make tough decisions – none more so than healthcare perhaps. In addition to healthcare employers considering the reclassification of millions of their employees and adopting new policies, there are other stones that shouldn’t go left unturned when determining how to best offset the unanticipated cost of this new rule.
With regulatory compliance costs and risks on the rise, Healthcare organizations should take a closer look at The Work Opportunity Tax Credit (WOTC), which could ultimately help put money back in their pockets. The vast majority of Ambulatory and Long-term Care providers should already be taking advantage of this opportunity, but many aren’t. Moreover, few if any hospital systems have considered leveraging this tax credit to offset their related liabilities.
Register to participate in one of the following upcoming live web seminars to learn how Equifax can help capture and identify all the federal, state, and local tax credits available to your healthcare organization.
Live Demo: Tax Credits and Incentives
Thursday, July 7 | 2:00 PM EDT
See how Equifax is helping healthcare organizations in their effort to increase the percentage of screened applicants for WOTC and secure tax savings.
Live Webinar: Retro WOTC Extended Three Additional Months: Understanding the Federal Guidance
Friday, July 8 | 1:00 PM EDT
Hear well-known Washington lobbyist and attorney Evan Migdail discuss the federal guidance employers must follow to take advantage of this extended opportunity.
Unable to join the live event? Contact us to learn how Equifax can assist your healthcare organization manage tax liabilities and minimize compliance risks.