
You've
heard of the Work Opportunity Tax Credit program. Maybe
you've even tried it in your company once or twice. And
you don't like what you've heard.
Or experienced:
Sorting Through Forms to Determine Eligibility.
Punching Data into a Telephone ("if you're an ex-felon,
press one now!")
Waiting for Months Without Word on the Status of Certifications
Filing and Archiving Many, Many, Many Documents
Calculating the Value of Credits Using Arcane Formulas
The Work Opportunity Tax Credit (WOTC) program provides
businesses with an incentive to hire people from groups
with high unemployment rates or other special employment
needs. It allows businesses to claim a federal income
tax credit of up to $2,400 for wages paid to eligible job
candidates in their first year of employment.
The Welfare to Work Tax Credit (WTW) program provides businesses
with an incentive to hire long-term family assistance recipients. Your
business can claim a federal income tax credit of up to
$8,500 during the first two years that you employ a long-term
recipient of certain welfare payments.
The programs have strict administrative requirements. For
example, you must certify a job applicant's eligibility
at the relevant State Workforce Agency (SWA). You
must send certification paperwork to the SWA within twenty
one days of a new hire's first day of work. These
credits cannot be applied retroactively, so it is critical
to collect data, prepare forms, and submit certification
packages on an ongoing basis--all within twenty one days
of each new hire's start date.
This is where Kiosite and Walton Management come in. Walton
processes thousands of WOTC and WTW applications per month
for hundreds of clients nationwide. Our high-volume
process discipline has been honed over more than twenty
years of administering these credits and their predecessors. Our
approach effortlessly incorporates data collection into
your hiring process, and results in SWA certifications
with no further work on your part.
Despite the well-publicized nature of WOTC and WTW, nearly
eighty percent of eligible business fail to apply for them--either
due to a misunderstanding as to the credit applicability
or due to an overwhelming administrative burden. With
HireTrue, there is no longer any reason to miss out.
We've gotten rid of the pain with a time-tested process
that speeds certification, provides instantaneous reports,
automatically calculates values and frees your HR and Finance
staffs to do their jobs and grow your business. With a 22-year record of unmatched reliability, none
of our credits--not one penny--has been overturned upon
audit. No
change is required of your hiring practice. Just
sign up for HireTrue Tax Incentive Processing and
we'll take care of the rest. We'll do all the analysis. We'll
take care of routing forms to state offices. We'll
even follow-up on every rejection we feel should be a certification. No faxing. No
extra steps or work at all.
Program rules change all the time--compliance is a headache. Tracking
these changes throughout the state capitals and urban centers
from our office in Washington, D.C., we're always on top
of it. Finally, web-based reporting allows you to
access up-to-the-minutes reports on compliance, pending
certifications, certifications received, and the sum total
of your credits. Available at your fingertips when
you want.
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