Author name: Mike Dietterick

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Tax Credit Extenders Renewal Continues to Move Forward

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H.R. 2029 has been amended with the The Protecting Americans from Tax Hikes Act to both renew and expand various credit programs. In particular, the Work Opportunity Tax Credit program (WOTC) will be renewed for a period of 5 years, with a retroactive start date of January 1, 2015 through December 31, 2019. Also included in the renewal of WOTC is an expansion in which a new target group has been added to the existing 9 groups. The new target group is the long-term unemployment recipient, which includes individuals who have been receiving federal or state unemploy

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office | State Tax Credits and Incentives

State Tax Credits and Incentives: Know Where You Stand

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Many states offer lucrative tax credits to encourage businesses to relocate, hire, or invest within a state’s borders. These incentives are a no-brainer for smart executives. But after the deal is done, many companies struggle to capture all of the intended tax credits because of missed deadlines on capital investment and hiring.

Problem: Leaving Tax Credits on the Table because of Missed Deadlines
Solution: ICS Compliance Monitor

State Tax Credits and Incentives: Know Where You Stand Read More »

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Why Companies Ignore Free Money

Leave a Comment / Hire Veterans /

“Hey, did you leave $9,600 sitting on the table?”

If you didn’t consider hiring a military veteran for your last open position, then yes, you left a potential $9,600 of tax credits sitting on the table. Why do employers ignore a tax credit of up to almost $10,000 for hiring some of the most qualified workers in the market today? Recruiters and HR professionals often say it is too hard and takes too much time to find qualified military veterans.

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Can the Same WOTC Tax Credits Cost 50% Less?

Leave a Comment / Work Opportunity Tax Credits /

For decades now, the Work Opportunity Tax Credit (WOTC) has brought big money back to companies. In the olden days, AKA 90’s, WOTC was frankly a pain to deal with. Paper forms, discrepancies between federal and local documentation requirements, the hassle of just identifying and certifying applicants meant that smart companies chose to completely outsource the entire process. Times have changed. Scrunchies, JNCO jeans, and painful WOTC practices are out. So why are you still using the same WOTC payment structure?

Can the Same WOTC Tax Credits Cost 50% Less? Read More »

Utah Veteran Credit Removed

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The Utah veteran credit for recently deployed veterans will no longer be available beginning in 2016. A Utah State Tax Commission notice indicates that the non-refundable credit against corporate income tax will be removed form the 2016 corporate tax return and may not be claimed or carried forward. The removal is taking place due to the following having been met: (1) the total amount of the credit claimed is less than $10,000; (2) less than 10 persons file a return claiming the credit; and (3) a period of two taxable years has passed after the taxable year in which either (1) and/or (2) occurred.

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Tax Credit Strategies: Identify and Hire Veteran Candidates

Leave a Comment / Hire Veterans /

Walton is excited to announce our new partnership with RecruitMilitary®, the leading full-service military-to-civilian recruiting firm in the United States. This integration will allow employers to strategically target well-regarded veteran hires, thereby maximizing their potential tax credits from the Work Opportunity Tax Credit (WOTC) program veteran target group.

Tax Credit Strategies: Identify and Hire Veteran Candidates Read More »

Work Opportunity Tax Credit (WOTC) Subscription Service

Leave a Comment / Work Opportunity Tax Credits /

For years, vendor services for the Work Opportunity Tax Credit (WOTC) program has had very little innovation and a stagnant pricing approach. Clients typically pay either a contingency based or per certification fee for a vendor to manage its WOTC program.

However, Walton is offering something unique to the tax credit marketplace —  the WOTC program as a subscription service. This flexible offering, which allows employers the option of taking an entire WOTC program in-house (with up to a 50% reduction in fees) or pursuing a “hybrid” model, in which the client only handles a couple easy-to-use workflows in-house, are now options for our clients. While all businesses can benefit, companies who hire more than 10,000 people per year and who perform their WOTC screening online can see significant costs and savings benefits. This is a major change to the WOTC industry and something all employers should consider.

Work Opportunity Tax Credit (WOTC) Subscription Service Read More »

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iCIMS Releases First Quarter 2015 U.S. Hiring Trends

Leave a Comment / Tax Credits /

iCIMS, a global leader of Applicant Tracking Systems and recruiting software, has recently released a report on job creation and demand trends for industries, geographies, and company sizes within the United States. Some key findings of the report include:

The West has the highest demand for talent (e.g., open positions) in the healthcare industry.
The technology and construction industries have the largest gap between talent entering the hiring pipeline and the number of positions that need to be filled.
The West has the largest demand for talent with the lowest ratio of applicants entering the hiring pipeline to the number of open positions.

iCIMS Releases First Quarter 2015 U.S. Hiring Trends Read More »

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