Lower your hiring costs in 2014

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 2014 and 20 are eligible, you have the potential to save $48,000.00. 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 employees hired within the past 28 days.

You might have heard that the law is not currently in place, however WOTC Offices in all 50 states are still accepting applications. The 28 day application deadline is still in place, so don't miss out on saving your business money in 2014. Make sure you are screening all of your new employees and meeting application deadlines.

What supporting information can help expedite my WOTC application?

WOTC offices across the country always appreciate assistance verifying eligibility in order to make determinations faster.* Completing your 8850 and 9061 in full isn’t always enough. For each target category there are several acceptable sources for verification purposes. By collecting this information for your WOTC applications you can often see faster determinations.

Below is a list of documentary evidence accepted by WOTC Offices:

TANF Recipient - AFDC benefit history, Case Number

Ex-Felon - Parole or Probation Officer Statement verifying release or conviction date, Online correctional institution records, Case Manger statement, Correctional Institution ID Number

Veteran Status - A copy of the applicant’s DD-214

Food Stamp Recipient - Name of primary recipient and city/state where SNAP benefits were received. Case Number/Identifier

SSI Recipient - a copy of the applicant’s Benefit Verification Letter, from the Social Security Administration.

These sources will not magically result in Certification overnight, but will definitely point your WOTC Coordinator’s Office in the right direction to expedite your applications.

*  In 2011 the Department of Labor reports that the national WOTC application workload was 3,750,967.

WOTC Bill enters the House

Republican Congressman Aaron Schock of Illinois and Democratic Congressman Charles Rangel of New York have again teamed up to introduce to extend WOTC.

H.R. 5264, titled, “A Bill To Extend The Work Opportunity Credit Permanently,” was introduced in the House on July 30^th and referred to Committee on Ways and Means.

Thanks to Congressman Schock and Rangel we now have a specific bill we can ask other members of the House to co-sponsor and support.