Creator of tax strategy solution for small businesses releases
new employee survey that expediates responses and uncovers new
opportunities for tax credits
COLUMBUS, Ohio, May 7, 2024
/PRNewswire-PRWeb/ -- Today, Arvo Tech, creator of the tax
strategy solution for small businesses, is launching a new version
of its Work Opportunity Tax (WOTC) Credit program survey to help
employers improve employee application rates and gather the data
they need to take advantage of federal and state incentive programs
aimed at helping them and increase WOTC certification rates.
Companies that have been leveraging the updated Arvo survey have
seen that applicants are completing it up to 15 times faster thanks
to its simple language and intuitive design.
Arvo Tech, creator of the tax strategy
solution for small businesses, is launching a new version of its
Work Opportunity Tax (WOTC) Credit program survey to help employers
improve employee application rates and gather the data they need to
take advantage of federal and state incentive programs.
Companies can recoup $2,400 to
$9,600 per eligible new hire with
WOTC, which can dramatically impact the cash flow of a small
business. However, many businesses are not maximizing their returns
because not enough employers are screening applicants and
confirming eligibility. In order to claim valuable tax credits,
employers must first apply for and receive a certification
confirming a new hire is a member of a targeted group that has
struggled to find employment, including veterans, ex-felons, and
Supplemental Nutrition Assistance Program (SNAP) recipients. With
Arvo Tech's WOTC survey, employers can seamlessly fit this process
into any new hire application or employee onboarding, resulting in
higher completions.
"Arvo Tech is committed to helping small businesses better
understand and plan their short-term and long-term tax strategy,
including how to get the most out of incentive programs," said
Terracina Maxwell, Co-founder and
President at Arvo Tech. "By optimizing the Arvo WOTC survey for
efficiency and accessibility, we can help more small businesses
improve responsiveness and accuracy of employee data so they can
leverage WOTC and other programs available to help them."
Arvo's new survey was developed following extensive research and
hands-on testing to ensure ease of use. It is the first piece in
Arvo's end-to-end WOTC offering, which includes powerful
integrations with leading business platforms like Gusto, TempWorks,
and WurkNow. After providing tech to survey applicants, Arvo offers
dedicated support for certification by way of their state workforce
teams, as well as ongoing monitoring, reporting, and training to
ensure optimal results. From there, Arvo's WOTC portal provides
real-time information and reports on the health of the WOTC program
so that companies can better understand eligibility and recoup
credits.
"Before partnering with Arvo Tech, filing for the Work
Opportunity Tax Credit was an extremely manual process – one that
took a lot of time and did not allow us to fully maximize the
benefits of WOTC," said Elizabeth
Ambriz, Operations Manager at Continental Labor &
Staffing Resources. "We've been working with the Arvo Tech team for
the last year and they have completely changed our WOTC process.
Their WOTC survey is fully integrated into our application and is
straightforward, easy to understand and fast to complete. The Arvo
Tech team manages the filing from start to finish and shares all
necessary information with us in comprehensive reports – freeing up
our time to focus on other aspects of the onboarding process. Since
working with Arvo Tech, we've seen a significant increase in the
credits we have received."
The WOTC offering is part of Arvo's comprehensive tax planning
solution, made possible by the company's recent acquisitions of two
full-service accounting firms. To learn more about how Arvo Tech is
saving companies time and money while helping them maximize their
financial future, visit https://arvotech.com/.
About Arvo Tech
Arvo Tech is the creator of the tax strategy solution that helps
small businesses make confident financial decisions. Founded by tax
experts and backed by proprietary technology, Arvo is the only
holistic approach that brings together the ability to develop and
document a tax strategy with tax credit management. By delivering
actionable insights and simplifying tax processes, Arvo Tech saves
companies time and money - while helping them maximize their
financial future. To learn more, visit https://arvotech.com/.
Media Contact
Kerriann Becker, Superior Public
Relations, 6312357796, kerriann@superior-pr.com,
http://www.superior-pr.com
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SOURCE Arvo Tech