WOTC Renewed!

Barack Obama WOTC Renewal

The President has signed into law the Tax Increase Prevention Act of 2014 that extends the Work Opportunity Tax Credit (WOTC) retroactively from Jan 1, 2014 through December 31, 2014. The measure also includes a retroactive extension of other federal hiring credits – both the Federal Empowerment Zone and Indian Employment Credits. This positive result [Read More…]

Medical Identity Theft on the Rise

thumb_Healthcare

Medical identity theft and fraud are rising as more private patient data is put online without adequate security measures. Not only are patients being billed for treatments they never received, medical records are being altered in ways that can have life-threatening consequences. In the most recent survey conducted by the Identity Theft Resource Center, medical identity [Read More…]

WOTC Legislation: House Passes One-year Renewal

WOTC legislation

On Wednesday, with a vote of 378-46, the U.S. House of Representatives approved H.R. 5771, the “Tax Increase Prevention Act of 2014″.  Included in this bill is a one year extension of WOTC and other expired tax provisions including the Indian Employment Credit and the Federal Empowerment Zone Credit.  The Senate is expected to pass [Read More…]

The Affordable Care Act: Preparing for 2015

ACA Alert

January 1, 2015 is an important date for the Affordable Care Act. This is not only when large employers must begin providing healthcare coverage to eligible employees, but it’s also when organizations must start tracking all the necessary data to fulfill section 6055 and 6056 reporting requirements. While many employers believe they do not have [Read More…]

WOTC Legislation: Call to Action

WOTC hiatus: call to action

The legislative authority of the Work Opportunity Tax Credit (“WOTC”) expired on January 1, 2014.  The program is currently in a hiatus period and requires reauthorization by act of Congress.  Employers can go to WOTCmeansjobs.com, a legislative advocacy site, to send a direct message to their Senator to advocate for a long-term renewal of these [Read More…]

I-9 Compliance Webinar – Employer Impact of Obama’s Immigration Plan

WOTC extension

Listen to the replay of our recent I-9 compliance Webinar! Montserrat Miller of Arnall Golden Gregory provided an update for HR and payroll pros on the potential impact of the immigration plan announced by President Obama recently. Montserrat is a partner at her firm and serves on the American Immigration Lawyers Association’s Verification and Worksite Enforcement Liaison Committee, [Read More…]

Tax Implications for Mergers and Acquisitions in Healthcare

mergers and acquisitions in healthcare

Whether it’s Brookdale’s acquisition of Emeritus or Kindred acquiring Gentiva in the long-term care space, Catholic Health East and Trinity merging, Tenet and Vanguard coming together, or Community Health Systems’ acquisition of Health Management Associates, healthcare has seen tremendous merger and acquisition (M&A) activity.  In fact, some 600 mergers and acquisitions have occurred in the past two [Read More…]

Executive Action! President Obama’s Immigration Plan

WOTC Renewed

Yesterday evening (November 20, 2014), President Obama announced his plan for executive action on immigration. In the national speech, the president outlined three areas of focus the executive action is geared to address: Increase Border Security: Provide additional resources for law enforcement personnel so that they can stem the flow of illegal crossings and speed [Read More…]

Questions are the Answer for Millennials in Auto Finance

Millennial Car Buying

The next generation of car buyers is walking through showroom doors with mounds of student debt and thin credit files, making creditworthiness particularly challenging to discern. For dealers looking to better serve the swiftly growing millennial market, Equifax’s resident auto marketing expert Jenn Reid recently shared practical advice with Car Biz Today on how to help align this growing customer base with the [Read More…]

Keep Customers from Selling Themselves Short

dream car

A common misconception in auto lending is that there’s a high propensity for customers to overstate their income. In reality, what Equifax has found is that around 25% of borrowers overstate their income while 75% actually under-report what they make. In either scenario, getting an accurate representation of employment and income data eliminates many uncertainties [Read More…]