Trucking Company Case Study

Generates $100K+ in Work Opportunity Tax Credit by using Arvo

Trucking Companies are leaving hundreds of thousands of dollars of potential Work Opportunity Tax Credit (WOTC) uncaptured.

We’ve discovered that most motor carriers have never heard of WOTC or don’t fully understand how beneficial it can be to their company. Because of this, they are missing out on the chance to positively impact their operating ratio and cash flow.

The motor carrier is a $150M+ trucking company that has roughly 1,100 employees made up of company drivers, office staff and technicians. This company hires approximately 600 employees per year and despite WOTC being an employment tax credit that has been in law since 1996, they had never heard of it.

The cause for this was due to:

1. They expected their CPA to keep them informed on all things tax.
2. The IRS does a poor job of marketing tax programs that benefit businesses.

After speaking with the WOTC experts at Arvo, they were shown capturing this credit could be implemented seamlessly into their onboarding process.

Arvo created a custom strategy that involved 3 major components:

1. An electronic WOTC form engineered to be easy for the job applicant to be able to be completed within a minute.
2. An integration of Arvo’s WOTC survey with their ATS provider Tenstreet, so that all applicants would be screened.
3. A reporting system that measured the results of metrics that the trucking company used to optimize performance.

Within a year of beginning WOTC with Arvo, this motor carrier worked to optimize performance resulting in their tax credit going from $0 to $114,400.

WOTC Credit Claimed

Trucking Company

Generates $100K+ in Work Opportunity Tax Credit by using Arvo

Trucking Companies are leaving hundreds of thousands of dollars of potential Work Opportunity Tax Credit (WOTC) uncaptured.

We’ve discovered that most motor carriers have never heard of WOTC or don’t fully understand how beneficial it can be to their company. Because of this, they are missing out on the chance to positively impact their operating ratio and cash flow.

The motor carrier is a $150M+ trucking company that has roughly 1,100 employees made up of company drivers, office staff and technicians. This company hires approximately 600 employees per year and despite WOTC being an employment tax credit that has been in law since 1996, they had never heard of it.

The cause for this was due to:

1. They expected their CPA to keep them informed on all things tax.
2. The IRS does a poor job of marketing tax programs that benefit businesses.

After speaking with the WOTC experts at Arvo, they were shown capturing this credit could be implemented seamlessly into their onboarding process.

Arvo created a custom strategy that involved 3 major components:

1. An electronic WOTC form engineered to be easy for the job applicant to be able to be completed within a minute.
2. An integration of Arvo’s WOTC survey with their ATS provider Tenstreet, so that all applicants would be screened.
3. A reporting system that measured the results of metrics that the trucking company used to optimize performance.

Within a year of beginning WOTC with Arvo, this motor carrier worked to optimize performance resulting in their tax credit going from $0 to $114,400.

WOTC Credit Claimed