It’s no secret. We outperform other WOTC providers. Here’s how.
The Work Opportunity Tax Credit (WOTC) was created nearly 30 years ago. It has stood the test of time by being extended by Congress 13 times.
WOTC makes available tax credits up to $9600 per eligible employee to employers who hire disadvantaged job-seekers. At the time of its original enactment, employers had to file paperwork by hand with a Department of Labor agency in their state of business. That requirement is now ancient history, as are many other barriers to widespread participation set up by the original legislation.
Now more employers than ever are able to claim the WOTC they are entitled to, and they also have more choices than ever when it comes to selecting a third-party WOTC provider.
We’re a tight-knit team of tax pros that is rapidly growing thanks to our ability to double or triple WOTC profits as compared to our competitors. This blog explains how we do it.
Intuitive, responsive survey
In order to earn WOTC, you need certifiable new hires. In order to identify certifiable new hires, you must screen applicants for eligibility on or before the date on which you extend a job offer.
For that reason, every WOTC provider offers a screening survey. Not all screening surveys are created equally, however. Disclosing personal eligibility information on a WOTC survey must be a voluntary choice by the job applicant. And because job applications seem to be getting longer and more involved every day, applicants often skip any step they can–particularly if it involves disclosing sensitive information.
Reasons like these explain why some WOTC screening surveys fail to identify large percentages of eligible applicants. They also explain why our product and tech engineers spent years researching and designing our highly-effective survey. Simply put, the more applicants who complete your survey, the more WOTC you stand to claim. For that reason, our survey is simple to access and understand, responsive to user input, and designed to maximize applicant completion percentages.
Performance-obsessed service
WOTC is our bread and butter, so our clients’ success directly impacts our success. That’s why we dedicate a client success manager to each and every client, and why our client success managers do whatever it takes to secure as much WOTC as possible.
The fact is that WOTC is simple in theory, but can be complicated to execute—especially at high volume. From managing paperwork for every eligible employee to challenging erroneous rejections from state workforce agencies, our client success managers are tax pros who form long relationships with our clients and find custom solutions to their individual circumstances.
Real-time actionable insights
Claiming WOTC requires filing a federal form alongside your annual business tax return. Most third-party WOTC vendors do this for you, but not all of them keep you in the loop regarding how much you can expect your tax credit to be. Similarly, most WOTC servicers issue periodic reports on your company’s WOTC performance, but not all make those reports easy to understand, or even access.
Because your WOTC performance is critical to our success, we’ve developed WOTC dashboards that issue real-time performance data, including survey completion percentage, progress toward hours-worked milestones, total credit earned, and more. These metrics are continually updated and always available for businesses of any size, so our clients are in the driver’s seat when it comes to understanding and optimizing their WOTC profitability.
100% contingent fees
Traditionally, tax service providers performed work on a fee-for-service payment model. Some continue this practice today. Because of this history, you may believe that service providers who work on a contingent-fee model are untrustworthy, or worse–unlawful.
This is not the case. Contingent fees are not only legal, they also decrease risk and drive positive results for clients. When you buy prepackaged, processed food at the supermarket, you expect to pay a consistent price and receive a consistent product. Tax services are not like that.
Your business and finances are unique, like fresh produce at a farmer’s market. Because of its unique attributes, fresh produce is priced according to the value it delivers to the shopper. We believe it is more fair to price our tax services like fresh produce. After all, we wouldn’t charge you anything for a rotten apple…but we might ask for a slice of the biggest watermelon from our crop!
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We’ve helped hundreds of businesses claim nearly $700 million in employment tax credits, including WOTC.
Whether you’re brand new to WOTC, or ready to improve your WOTC profits by 2-3x, Arvo is the right choice. Using our superior tools and unparalleled service, you can transform your bottom line.