Efficient Forms, LLC Announces Its EHX WOTC Services Has Generated over $5 Million Worth of Work Opportunity Tax Credits for Its Customers Thus Far in 2013

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Efficient Forms, LLC announces $5 Million of the Work Opportunity Tax Credit were processed for customers in the first four months of 2013, an increase of 300% over 2012. Efficient Forms attributes this large growth to a combination of new customer adoption, existing customer’s increased utilization of the service and the IRS extended WOTC submittal deadline for 2012 WOTC.

Efficient Hire WOTC

The key to our success was the fact that EHX WOTC services were able to be setup in a matter of minutes for new customer companies, payroll providers or PEOs.

Earlier this year, Efficient Forms made its automated WOTC Screening and WOTC forms automation service available to all companies by waiving the screening fees for new customers. This strategy paid off for both Efficient Forms and its new customers who took advantage of this offer. Efficient Forms estimates that companies who began using EHX WOTC service in 2013 have already generated approximately $1 Million in WOTC credits.    

In March, IRS Notice 2013-14 gave guidance regarding transition relief for employers claiming the Work Opportunity Tax Credit (WOTC) that was retroactively extended from January 1, 2012 through December 31, 2013. The IRS notice allowed companies until April 29th, 2013 to submit completed and signed Form 8850s. Efficient Forms used this extension and the April 29th, 2013 deadline to perform a review of 2012 for its new and existing customers. This review process generated approximately $1.5 Million additional credits for its WOTC customers.

“We found that many companies had not even tried to take advantage of the Work Opportunity Tax Credits they were entitled to in 2012, mainly due to the complexity of the forms and certification process. Our EHX WOTC Service removed those barriers and allowed them to receive a significant tax credit for 2012. Our team worked diligently to make sure we helped our customers meet the April 29th submittal deadline. I am pleased that the extra efforts our team has generated over $5 Million in credits for our customers so far this year.” David Kenney, CEO, Efficient Forms, LLC

EHX WOTC Screening allowed companies to quickly determine if the employees they hired in 2012 were WOTC eligible, it completed all the required WOTC paperwork (8850 and 9061), and captured electronic signatures from the eligible employees. Efficient Forms processed the forms and credits utilizing its industry leading EHX WOTC Processing tools.

“The key to our success was the fact that EHX WOTC services were able to be setup in a matter of minutes for new customer companies, payroll providers or PEOs. EHX WOTC drastically simplified a very complex process in time for companies to meet the April 29th submission deadline. Our Efficient Forms WOTC team did an amazing job to help companies take advantage of this tax credit." - Cassy Papajohn, Director of WOTC Operations, Efficient Forms, LLC.

About Efficient Forms, LLC and Efficient Hire – EHX/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. Its Transaction Origination Platform powers the company's various industry leading SaaS services by allowing its customers to capture data for multiple forms by using an online one-time-entry "interview." Its market leading solutions, Efficient Hire and Efficient WOTC, automate the new hire onboarding process for all types of employers.

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Todd Fenske

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