Equifax Workforce Solutions Enhances WOTC Eligibility Screening with
eSignature Feature Helps Employers Increase Tax Savings While Providing a
Paperless Process and Enhancing the Onboarding Experience
ST. LOUIS, Nov. 1, 2012
ST. LOUIS, Nov. 1, 2012 /PRNewswire/ --Equifax Workforce Solutions (formerly
TALX), a leader in human resource services, announced today details of its
enhanced Work Opportunity Tax Credit (WOTC) services, which now offer a fully
compliant eSignature solution. This service further enables clients to
securely and effectively screen and claim WOTC with a paperless process that
eliminates any barriers employers face with late or missing IRS Form 8850s.
Equifax Workforce Solutions is a leader in providing secure and compliant
eSignature solutions for a wide range of HR, payroll and tax data products and
services. The company's Tax Credit & Incentive services is now offering WOTC
eSignature solutions to bridge the technology challenges of employers by
accepting eSignature by either a call-in process or via the web.
"Each year, employers miss out on billions of dollars in tax credit
opportunities due to complex, often-changing and time-consuming screening and
claims requirements," commented Dann Adams, president of Equifax Workforce
Solutions. "Equifax alleviates these challenges with our eSignature
technology, team of dedicated professionals and extensive data expertise.
We're committed to developing solutions that help our clients gain insight,
recognize the opportunities available to them and meet compliance with all
IRS, state workforce agency and Department of Labor rules and regulations.
eSignature is part of a simplified and effective onboarding and tax credit and
Recently approved by the Department of Labor, the acceptance of eSignatures,
whether online or over the phone, greatly enhances the ability of employers to
claim tax credits when hiring individuals who face significant barriers to
employment. Prior to the acceptance of eSignatures, employers were required to
have their applicants provide a wet signature on IRS Form 8850, the
pre-screening form to determine WOTC eligibility. The hiring manager then had
to mail the form for processing within a 28-day deadline.
eSignature technology enables Equifax to meet clients where they are to ensure
program participation and compliance, while maintaining the highest industry
standards for data protection. By utilizing eSignature, employers can see an
immediate increase in the financial benefit of the WOTC program and provide
their job applicants with a more efficient and user-friendly candidate
experience. In addition, they can increase the dollar amount of their income
tax credits and benefit from Equifax online reporting, monitoring suite and
account management capabilities.
"Equifax is uniquely positioned to fully leverage the capability of eSignature
by using our understanding of all WOTC regulations to ensure clients complete
the screening process accurately and in the proper order," said Anir Pradhan,
senior marketing officer for Equifax Workforce Solutions. "eSignature removes
many of the hassles of the traditional WOTC screening process and enables us
to provide clients with a streamlined method for filing claims without the
need to spend valuable resources to retrain hiring managers or invest in new
Equifax (NYSE: EFX) is a global leader in consumer, workforce and commercial
information solutions, that provides businesses of all sizes and consumers
with insight and information they can trust. Equifax organizes and assimilates
data on more than 500 million consumers and 81 million businesses worldwide,
and uses advanced analytics and proprietary technology to create and deliver
customized insights that enrich both the performance of businesses and the
lives of consumers. Equifax Workforce Solutions (formerly TALX), an Equifax
business unit, is a leader in human resource, employment, tax management, and
Headquartered in Atlanta, Equifax operates or has investments in 18 countries
and is a member of Standard & Poor's (S&P) 500® Index. Its common stock is
traded on the New York Stock Exchange (NYSE) under the symbol EFX. For more
information, please visit www.equifaxworkforce.com or www.equifax.com.
Contact: Pam Stevens, Equifax Workforce Solutions, +1-314-214-7235,
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