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.
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