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…]

The Evolution of HR Systems: Improve Processes, Make Work Easier

A recent article from SHRM discusses the evolution of HR systems of record over the last decade. Author Josh Bersin says, The future of HR software is now very clear. We need to build and buy systems that make work easier; make life better; and help us learn, give feedback, collaborate and get aligned. These [Read More…]

Bulletin: TCI – Geographic Information Systems (GIS) and Tax Credits

Geographic Information Systems (GIS) & Tax Credits Situation If your company is searching for tax credits, a very important piece of the puzzle is accurate GIS (or location) data.  Using the science of mapping, GIS enhances a company’s tax credits by identifying a company’s tax-favored zone location.  GIS technology can help make location determinations to [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…]

Bulletin – TCI: Federal Tax Credits Set to Expire

CALL FOR ACTION: Federal Tax Credits set to expire Situation The Federal Empowerment Zone Tax Credit (EZ) and the Federal Indian Employment Credit (IEC) are set to expire December 31, 2016. These extremely popular federal tax credits encourage investment, improve employment opportunities, and stimulate growth in distressed communities. These credits have faced elimination before, but [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…]