Taking Credit: Technology Automates Tax Credits

Automating the hiring process has a number of benefits for multi-unit franchisees, from speeding the hiring process to helping identify higher-quality candidates. But don't overlook technology's ability to help find tax credits along the way.

JobApp Network was one of the pioneers in screening for tax credit eligibility during the job application process. CEO Blake Helppie says JobApp is still the only hiring solution that, by virtue of its phone-based application process (provided along with its core web product), can screen individuals who don't have web access for tax credit eligibility. He says individuals eligible for tax credits are about twice as likely to apply by phone as those not eligible. "This is what one would expect, quite frankly, given that most tax credit eligibility 'buckets' are highly correlated to economic factors, like recipients of food stamps and other government assistance," he says.

Snagajob offers a tool that not only captures the federal HIRE Act and Work Opportunity Tax Credit (WOTC) programs, but also screens for more than 172 state and local hiring incentive programs that can put money back in your pocket. Here's how it works.

As part of the job application process, candidates complete a tax-screening questionnaire that varies based on the address of the candidate and hiring location. Eligibility results are then displayed for the hiring manager, along with the pre-populated tax credit forms. The hiring manager then has the eligible new hire sign the forms and submits them.

Another benefit is maximizing your potential tax credits. Since 100 percent of candidates completing the online application are presented with the tax credit questionnaire, the system can also easily capture lucrative retroactive credits from the beginning of the year.

Published: October 10th, 2012

Share this Feature

Recommended Reading:

Comments:

comments powered by Disqus
Firehouse Subs
SPONSORED CONTENT

FRANCHISE TOPICS

Top Opportunities »

Tony Roma's
After two decades of fast-paced international expansion, we are introducing a new generation of domestic customers to the Tony Roma’s experience....
Cash Required:
$1,000,000
Request Info
NOVUS Glass
Are you ready to join the best glass repair and replacement franchise in the world? NOVUS Franchising is the perfect opportunity for people looking...
Cash Required:
$40,000
Request Info
UBreakiFix
uBreakiFix is a consumer electronics repair company based out of Orlando, FL that specializes in refurbishing and restoring smartphones, tablets,...
Cash Required:
$125,000
Request Info

Subscribe »

Attend »

Conferences
Caesars Palace, Las Vegas, NV
APR 3-6

Share This Page

Subscribe to Multi-Unit Franchisee Report

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.