Friday, August 30, 2013

WOTC Solutions offices will be closed for the Labor Day holiday on Monday, September 2. We wish you and yours a relaxing and safe holiday weekend!

Monday, August 26, 2013

The WOTC waiting game

We get a lot of questions in regards to how long the WOTC process takes. The benefits to eligible employers are unfortunately not immediate which is why it is important to get WOTC screening services in place so that you can use the credits in the future. Depending on your state office, Certification can take anywhere from 2 weeks to a year. Screening all your new employees for eligibility will determine and project estimated amounts you can save in 2014.

Having WOTC services in place at your business is a lot like opening a tax credit savings account. With every new hire that is WOTC eligible you have the potential to lower your federal tax liability. If you hire 100 new employees in 2013 and 20 are eligible, you have the potential to save $24,000.00 after taxes. If you pay $12.00 an hour to new employees, you can save $3.60 per hour with WOTC credits. 

How does my business get started?
1. Call WOTC Solutions today.
2. Identify how to integrate WOTC screening into your current hiring process. 
3. Identify and screen all new hires within the past 28 days.

WOTC Solutions is very adaptable and wants to work with you to save not only money, but also time. Call us today and start saving tomorrow.



Tuesday, August 13, 2013

Who has the time these days?

The WOTC application process is a little bit different in every state. Though WOTC  is a federal tax credit to reduce your federal taxes owed, certification is administered by your state's WOTC Coordinator's office. As a WOTC provider, we are very aware of the details that make each of these processes different, and use that knowledge to simplify your WOTC experience. We are able save you time and money by offering an easy to use website or you can call us and we will take the necessary information over the phone in less than five minutes. It all comes down to what type of service you prefer and is most convenient for you

We also offer short webinars at your convenience customized to fit your schedule and your state's process. Contact us today and start saving money! 

Tuesday, August 6, 2013

From the Desk of Kay Thomason

There's a big push among all the WOTC offices to make the submission process electronic and automated. Just recently, Iowa and Minnesota have joined many other states in creating a portal for online application submissions. Having your state move from paper forms to electronic submission is great for your company! It means no longer spending money on postage to mail the original documents to the WOTC office. The turn-around time on certificates is significantly faster in states with electronic submission, than in states that process paper forms that come through the mail. It also means WOTC Solutions can get those certificates to you faster by printing out the certificates the day they are released.

Don't wait until the last minute to submit your employee! Even though the process is easier and quicker with electronic submitting, the deadline of 28 days from the employee's start date still applies to the electronic states. Contact WOTC Solutions, and we can let you know if you are in an electronic state.


Thursday, August 1, 2013

WOTC 2012 backlog

Due to the unfortunate 2012 WOTC law hiatus, the certification process is terribly behind in most states across the nation. To give you an idea of how many applications these offices see in a year, in 2011 each state WOTC office received over 75,000 applications on average. As a WOTC provider, we do everything we can to expedite WOTC Certificates for our clients.
We speak to your WOTC Coordinator’s office on a regular basis to provide any administrative assistance on your behalf that will help move things along. Although applications were accepted in 2012 and the 28 day deadline enforced, each of the fifty state WOTC Offices are significantly behind since they were unable to process and verify eligibility concurrent with the applications being filed with them. Until they get through their backlog of applications we are forced to wait on them, a frustrating situation as we are sure you can understand. Below you will find the most recent update from your state’s WOTC Office.


Alabama
Status pending
California: Just began releasing 2012 Certificates
Colorado: Up to date and releasing Certificates from applications received as of April 2013
Connecticut: Just started releasing 2012 Certificates
Florida: Will be releasing 2012 Certificates within the next 4-6 weeks
Indiana: Status pending
Iowa: Recently updated to electronic processing and currently processing applications received  as of May 2012.
Kansas: Processing February 2012 applications
Kentucky: Up to date 
and releasing Certificates from applications received as of March 2013
Maryland: Status pending
Michigan: 
Caught up and releasing Certificates from applications received as of March 2013
Minnesota: Recently updated to electronic processing and releasing Certificates from applications received as of February 2013.
New Jersey: Currently processing February 2012 applications
North Carolina: Up to date and currently processing applications for February 2013
Ohio: Up to date and processing 2013 applications
Texas: Eight months behind processing 2013 applications


Please know that we are diligently working on your behalf to quickly obtain all pending Certificates by keeping pressure on these offices. Most of you will be able to claim your credit in April 2014 to lower your 2013 tax bill, but the deduction cannot be claimed until the Certificate is officially released by your state WOTC Coordinator’s office. Please remember that your Certificate is valid for 20 years from the date it is issued, so you will be able to use it in the future.