The Contented Cow Blog

Building Workplaces That Work

As a rule we don’t use this forum to promote the services of a particular individual or organization, and I wouldn’t be making the exception this time but for the very real potential benefit to our readers. Before reading further, understand that we get no compensation whatsoever from this mention.

I heard from an old friend Thursday. He was a tennis partner and co-worker from my ADP days, and one of the few people to stand up with me when I married Mrs. Starbucks, which qualifies him on both counts (being old AND a friend). After catching up, he told me about his company, CFO Resources and what they do. Their primary service is to help employers improve cash flow and shareholder returns by reducing federal/state income tax liability.

They do this via a user-friendly process to help employers capture Work Opportunity Tax Credits (”WOTC”) associated with their normal hiring activity.  Employers are entitled to federal income tax credits if they hire and retain individuals from targeted groups as defined by DOL and the IRS. In a nutshell, his firm processes the paperwork, files it on the employer’s behalf, monitors the process, and only gets paid as a function of the employer getting a credit.

I’m told that the credits can range from $300 to $9000 per individual. Unless you’ve got money to throw away, it would be a good idea to investigate Work Opportunity Tax Credits, and unless you just happen to enjoy dealing directly with government bureaucracies, you may want to contact Ken Brice at CFOResources. (KenBrice@CFOResources.com)

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A thought leader in the arena of leadership and employee engagement, Bill Catlette is a seminar leader, keynote speaker, and executive coach. He helps individuals and organizations improve business outcomes by having a focused, engaged, capably led workforce. For more information about Bill, his partner Richard Hadden, and their work, please visit their website at www.contentedcows.com, or follow him on Twitter at http://twitter.com/ContentedCows

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