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 – 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…]

Webinar | Getting the Most out of WOTC: 3 Employers Speak

Date: Wednesday, Nov. 30, 2016  Time: 3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT Fee:  Free Join us to hear three employers discuss their WOTC programs and share best practices for taking full advantage of this valuable credit. Three HR/payroll/Tax pros will talk about how they manage their Work Opportunity Tax [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…]

What to Expect at Staffing World 2016

Are you packing your bags? Staffing World 2016 is coming up fast! If you’re heading to San Diego Oct. 25-27, we have a preview for you, including a “not to miss” session. Presented by the American Staffing Association (ASA), Staffing World is the largest, most comprehensive convention and expo specific to the staffing, recruiting, and [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…]

Equifax Partners with iCIMS: Recruiting to Onboarding Integration

Hiring managers are facing greater pressure to manage increases in government regulations and the resulting complex onboarding process, including state notifications, Form I-9, and WOTC Screening.  An applicant tracking system (ATS) that is not integrated to a compliance solution leads to: Disjointed and inefficient recruiter workflow Process inefficiencies and additional workload Potentially costly errors Security [Read More…]