If You Don’t Screen 100%, You Can’t Maximize Your WOTC

The foundation of a successful WOTC program is identifying ALL eligible employees to reach 100% screening completion, you need to set expectations and have a simple process that can be applied consistently for every new hire. Our employee tax advisers recommend our clients to: Make presentation of WOTC screening mandatory for all applicants, in every [Read More…]

Screening Smart Means Better WOTC Results

If you manage WOTC, you know that screening for eligibility on all new hires is the foundation of a successful program. But having new hires complete the screening accurately and correctly to “screen eligible” or not is often not so simple. This can be compounded when you are screening new employees in multiple locations, when [Read More…]

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…]

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…]

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…]

Ready to Rock at APA Congress

In two weeks, thousands of Payroll professionals will travel to Orlando for the 35th annual APA Congress to network, share best practices, and attend sessions delivered by industry experts. If you’re attending APA Congress, be sure to stop by the Equifax booth at #415 to learn about solutions to help Payroll, Tax, and HR professionals, including the nearly [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…]