WOTC Screening: Don’t Leave Money on the Table!
Too many companies leave money on the table simply because they don’t screen all new hires to see who is eligible for the Work Opportunity Tax Credit (WOTC). Don’t let this happen to your organization.
The first step to a successful WOTC program is effective screening. One way to get the best possible screening percentage is to tie WOTC screening to Form I-9 compliance. ANN Inc. does this very well as they include WOTC screening as an integrated step in their onboarding process. The result is high screening compliance rates which have significantly increased their WOTC savings. ANN also makes it easier for their HR team, individual location hiring managers, and new hires by outsourcing collection of needed backup documentation to complete the WOTC process to us.
We’re looking forward to talking about these and other WOTC best practices at an upcoming webinar with ANN. We’ll also cover the potential impact of 2017 tax reform efforts on this key tax credit.
Also on the agenda, we’ll share some insights on the broader impact of WOTC on your workforce. We’ll talk about data that demonstrates that WOTC-eligible employees are just as stable and career-focused as their non-eligible peers and how hiring WOTC eligible employees could help you reduce your turnover.
Recommended For You
Are You Following WOTC Best Practices? If you don’t WOTC, you should. This federal Work Opportunity Tax Credit (WOTC) program […]
Beware of WOTC Myths The Work Opportunity Tax Credit (WOTC) is a valuable employer tax credit. So valuable that it […]
Revised Year-End Tax Relief Package Introduced Update: On December 10, 2018, House Ways & Means Committee Chairman Kevin Brady (R-TX) […]
Last update: January 25, 2019. An agreement has been reached to end the partial government shutdown. A three-week continuing resolution […]