Free Work Opportunity Tax Credit (WOTC) Audit from Rockerbox
Unlock the full potential of your WOTC program with Rockerbox’s complimentary, no-obligation WOTC Audit. Our expert team is dedicated to helping employers maximize their WOTC benefits by thoroughly analyzing and optimizing their current processes. Here’s how our WOTC Audit can transform your approach:
What is the WOTC Audit?
The WOTC Audit is a comprehensive review of your existing Work Opportunity Tax Credit program. Our goal is to identify areas for improvement and provide actionable strategies to enhance your WOTC processes. By submitting at least one year’s worth of your current WOTC program reports, our optimization experts will analyze your data and deliver a detailed WOTC Optimization Audit Report.
What We Analyze:
Upon receiving your reports, our WOTC Optimization experts will review and analyze the following key areas:
1. Hiring Process: Assessing the efficiency of your hiring practices to ensure optimal WOTC capture.
2. Onboarding Process: Evaluating how new employees are integrated and their potential WOTC eligibility is documented.
3. WOTC Screening Process: Analyzing the thoroughness and accuracy of your WOTC screening methods.
4. WOTC Screening Integration: Examining how well your WOTC screening is integrated into your overall hiring and onboarding workflows.
5. WOTC Screening Percentage: Reviewing the proportion of your hires that are screened for WOTC eligibility.
6. WOTC-Eligibility Data: Analyzing the accuracy and completeness of your WOTC-related data.
7. WOTC Certification Process: Assessing the steps taken to ensure eligible employees are certified for WOTC.
8. WOTC Certification Percentage: Reviewing the success rate of your certification efforts.
9. Average Tax Credit: Calculating the average tax credit obtained per certified employee.
10. 120-hour Milestone: Evaluating strategies to ensure employees reach the 120-hour work threshold for WOTC eligibility.
11. 400-hour Milestone*: Analyzing strategies to help employees reach the 400-hour work milestone for maximum WOTC benefits.
12. Challenge Process: Assessing your methods for contesting denied WOTC certifications.
13. Target Group Penetration: Reviewing your success in targeting and hiring from WOTC-eligible groups.
14. Retention Strategies & Technology: Examining how retention strategies and technology can support ongoing WOTC success.
Your WOTC Optimization Audit Report
After our thorough analysis, Rockerbox will create and deliver a WOTC Optimization Audit Report tailored specifically to your organization. This detailed report will provide step-by-step guidance and specific strategies to convert your current WOTC program into a WOTC Optimization Program. By following our recommendations, you can:
– Maximize Tax Credits: Ensure you are capturing every available WOTC tax credit.
– Improve Efficiency: Streamline your WOTC processes for better results.
– Enhance Awareness: Increase your understanding of WOTC optimization best practices.
Get Started Today
Take advantage of Rockerbox’s expertise and elevate your WOTC program to new heights. Our free WOTC Audit is your first step towards optimizing your tax credits and improving your overall process. Contact us today to learn more and schedule your audit.
Discover how Rockerbox can help you transform your WOTC program and unlock its full potential. We look forward to partnering with you on this journey to optimization!