It’s well-worth taking a moment to learn the recent changes Congress made to the Work Opportunity Tax Credit law which you have used to save money in the past. As of December of 2015 this law has finally become stable.
As a result of these changes (which probably put money in your pocket!):
- All your 2015 hires are potentially eligible to earn you substantial reductions to your tax bill.
- There is a new category of tax credit eligibility -- the Long Term Unemployed. To be eligible they only have to be unemployed for the 27 weeks before you hired them! Many of your 2016 hires will be eligible for this additional tax bill offset. [NOTE: this credit is so new the IRS has not updated their form so WOTC Solutions has designed a temporary form to harvest these savings until the new form is published. We make this form available to all our present and former clients.]
- There is an additional tax credit your company may qualify for -- hiring a person who lives in what’s called an Enterprise Zone. It’s a tax credit for hiring someone who lives in a high unemployment area. We screen all your employees for EZ eligibility. Please note that Congress has phased this credit out at the end of 2016 so don’t miss out on the money savings you can obtain this year and this year only.
What do I do to make sure I get this money?
- The POA you issued previously has to be renewed. Click here to download the updated IRS POA form that we need to file with your state’s WOTC Coordinator to do the work to obtain these savings for your business. Fill out and sign the form and then scan and email it to us at johnw@wotcsolutions.com. [As a reminder, this form 2848 is strictly limited to enabling us to communicate with the IRS to obtain the tax credits you are entitled to by law and nothing else.]
- Or, if you prefer, suited to your specific schedule, we’ll call you to answer any questions about all these changes. You can set that call by clicking here
Just a reminder that we do the work for you and charge only a small portion of what you actually receive in the credit. And, it’s also important to remember that there is no charge if you do not receive the credit, and no charge until your tax credit is actually obtained and in hand.
In addition to handling all necessary appeals of WOTC Coordinator denials of an employee’s eligibility for you to get you the credit, our services include the following:
- Create, maintain and store all client forms necessary for WOTC Certification and earning the credit for your business. Screen new hires for WOTC eligibility, and manage the entire process necessary to obtain all credits your company is due.
- Manage all communications on your behalf with your state’s WOTC office and the IRS regarding the verification process and your application’s status. (And we keep them available for the dreaded audit.)
- Track your WOTC-eligible employees’ hours and wages to provide you with the maximum value of credit.
- Provide you with regular updates.
- Keep your company current with all changes in the WOTC law. (For example, did you know that since January 1, 2016 any of your employees who was unemployed for 27 weeks and earned a little unemployment makes you eligible for this money?)
- Create IRS forms necessary to claim any earned tax credit Certification.
We look forward to hearing from you either by your returning the POA form to start the process or by scheduling a call (on your schedule) to answer any questions you have.
Respectfully,
Your friends at WOTC Solutions.
P.S. Don't forget to fill out and return the updated IRS POA form so we can submit your WOTC eligible employees!
Respectfully,
Your friends at WOTC Solutions.
P.S. Don't forget to fill out and return the updated IRS POA form so we can submit your WOTC eligible employees!
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