Littleton, CO (PRWEB) January 31, 2013
At the beginning of the year, congress retroactively approved WOTC through the end of 2013. In an effort to help more companies take advantage of WOTC, Efficient Forms has released a complete WOTC processing tool set through its EHX (Efficient Hire Express) Service Bureau offering. The robust EHX WOTC Tools are intended to allow Payroll Service Providers, PEOs, ASOs and other HCM service providers to immediately begin processing WOTC for their customers. While HR Service Bureau customers will benefit by receiving thousands of dollars in tax credits each year, the HR service providers also benefit by creating long-term loyal customers. At the same time, they create a new profitable revenue stream for their company.
Efficient Forms developed an extensive set of automated Work Opportunity Tax Credit processing tools for its own internal WOTC department to service direct clients of its flagship product, Efficient Hire. These tools have streamlined its entire internal WOTC processing business, while maximizing the tax credit for its WOTC clients. By releasing these tools to HR service providers, Efficient Forms expects more companies will be able to take advantage of WOTC.
“Efficient Hire – EHX has changed the way employees are onboarded with the clients of HR Service Bureaus. In announcing the release of a full suite of WOTC tools, used by our own WOTC processing department, Efficient Forms is simultaneously extending the tools available to HR Service Bureaus and offering them a brand new revenue stream. Not only can a service bureau generate a new revenue stream from their existing client base, they are also bringing a very large tax credit to many companies that have never accessed WOTC before. EHX and EHX WOTC tools are a major differentiator for all sizes of payroll companies, professional employer organizations, administrative service organizations and other companies in the HR space.” Todd Fenske, VP of Sales, Efficient Forms, LLC.
Along with the release of these tools, Efficient Forms is providing training for HR Service Bureaus to understand the entire WOTC process and how they can support all of their end clients.
Efficient Hire and Efficient WOTC automate the new hire onboarding process and tax credit screening and processing for all types of businesses. Efficient Hire uses a custom question and answer process, built around the client, to gather all necessary information and then completes the new hire paperwork that the company needs. This includes all terms, conditions, policies, procedures, direct deposit, employee information, I-9, W-4, State 4s, and more. With the optional inclusion of Efficient WOTC, a company can ensure that they are capturing all of the eligible candidates for the Work Opportunity Tax Credit. Using the plain English questions of Efficient WOTC during the hiring process, the 8850 and 9061 are completed in good order every time.
About Efficient Forms, Efficient Hire – EHX, and Efficient WOTC
Founded in 2004, Efficient Forms, LLC is a privately-held Colorado company that specializes in automated electronic solutions for dynamic and cost-effective forms completion, data collection and process workflow. Efficient Forms' Transaction Origination Platform powers the company's various industry leading SaaS offerings by allowing its customers to capture data for multiple forms by using an online one-time-entry interactive question and answer process. Its market leading solutions Efficient Hire - EHX and Efficient WOTC automate the new hire onboarding process for all types of employers.