TALX Helps New Jersey Employers Identify and Certify Work Opportunity Tax Credits Sooner
- New E-Filing System Speeds Time to Credit and Makes State More Efficient-
ST. LOUIS, Sept. 14, 2011 /PRNewswire/ -- TALX, provider of Equifax Workforce Solutions and a leader in human resource, payroll and tax-related services, today announced that it will offer New Jersey employers advanced Work Opportunity Tax Credits (WOTC) filing using the State of New Jersey's newly released electronic system. Coupled with TALX Tax Credit and Incentives services, N.J. clients will have unparalleled access to federal WOTC certifications much sooner than with the previous manual filing system.
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In efforts to streamline processes and provide employers with greater incentives to hire qualified individuals, the N.J. Department of Labor and Workforce Development recently unveiled the online system, allowing employers and tax credit consultants to validate WOTC tax credits online. Initially part of an early summer pilot program, TALX was one of the first to aid the state in fine-tuning the application.
Synching directly with the state's Department of Human Services (DHS) and Division of Vocational Rehabilitation Services (DVRS), TALX and the state of N.J. will help organizations quickly identify and confirm those employees who qualify employers for WOTC credits, including individuals with disabilities, Temporary Assistance for Needy Families (TANF) recipients and N.J. Supplemental Nutrition Assistance Program (SNAP) recipients.
"The TALX state relations team is actively involved across the country in understanding the needs of the states so we can ensure that our clients are in compliance with the requirements of each state. We consider each state agency to be repeat customers, and we are attentive to their needs and requirements so they can more efficiently certify individuals eligible for WOTC. Often times, these WOTC eligible individuals need jobs the most. TALX has a history of investing in technology to ease the administrative burden at the state agencies and we were very pleased to assist New Jersey with the new program," commented Angela Lockman, Vice President, Tax Credits and Incentives at TALX.
The new electronic system replaces the previous method of submitting IRS Form 8850 applications through the mail, and offers more flexibility and control over the application process. Expected to minimize errors, the new process will also allow the state to more promptly validate a business's tax credit certification, most often within two days.
More about TALX Tax Credit and Incentives Services may be accessed at http://www.talx.com/Solutions/Hiring/TaxCredits/.
About TALX
TALX, provider of Equifax Workforce Solutions, a leader in human resource, tax and payroll-related services, is based in St. Louis. TALX holds a leadership position in automated employment and income verification as well as unemployment cost management. TALX provides over 9,000 clients, including three-fourths of Fortune 500 companies, with Web-based services focused in three employment-related areas: hiring, pay reporting and compliance. Hiring services include assessments and talent acquisition, onboarding, and tax credits and incentives. Pay reporting services include, paperless pay and W-2 management. Compliance services include employment and income verifications through The Work Number, unemployment cost management and I-9 management. Equifax is a global leader in information solutions, empowering businesses and consumers with information they can trust. Equifax is a member of Standard & Poor's (S&P) 500® Index. Its common stock is traded on the New York Stock Exchange under the symbol EFX. For more information about TALX, visit www.talx.com, or www.equifax.com.
About Equifax
Equifax is a global leader in consumer and commercial information solutions, providing businesses of all sizes and consumers with information they can trust. We organize and assimilate data on more than 500 million consumers and 81 million businesses worldwide, and use advanced analytics and proprietary technology to create and deliver customized insights that enrich both the performance of businesses and the lives of consumers.
Headquartered in Atlanta, Equifax operates and has investments in 17 countries and is a member of Standard & Poor's (S&P) 500® Index. Its common stock is traded on the New York Stock Exchange under the symbol EFX. For more information, please visit www.equifax.com.
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SOURCE Equifax
Released September 14, 2011