Revenue

There are two main components that make efficient business solutions an organic revenue source for our clients instead of an ordinary expense vendor:

(1) automation of the hiring process and back-office operations, saving significant administrative time and expense

(2) maximizing the capture of valuable work opportunity tax credits (wotc). Together, the benefits from these features allow us to pay for ourselves in a matter of weeks, and provide organic profits and free cash flow moving forward.

The Benefits Of An Efficient, Automatic Hiring Process

Cloud-based solutions are an integral part of today’s business, giving the option to cut paper hiring costs in favor of a more cost effective, technological solution, allowing for a proficient transfer of a company’s most valuable resource: its TIME. With ourEfficient Solution, there’s no software to buy and install, no hosting on your own servers, and our platform is compatible with all internet devices, accessible in real-time, anywhere, anytime.

Digital data in the cloud is cheaper and faster all around, and that’s the main principle behind why our system works so well.  You’re able to easily access, store, and retrieve documents, and everyone is on the same page, giving you organizational cohesion and absolute compliance, avoiding regulatory audits and penalties.  Our hiring process is intuitive and driven by configurable qualification thresholds, freeing your managers from the administrative paper pushing loop and daily time-consuming HR activities, with more time to work with employees directly. This creates a better experience for the customers, employees, and community.  It’s a phenomenal transfer of resources, making this solution priceless.

 

Maximizing Work Opportunity Tax Credits (WOTC)

Utilizing WOTC is a valuable opportunity for American businesses to lessen or even eliminate their Federal tax liability in a dollar-for-dollar offset.  These credits are rewarded for hiring individuals from certain target groups who have consistently faced significant barriers to employment, from military veterans to those on public assistance and long-term unemployment, ultimately incentivizing workplace diversity.

We’re no newcomer to the WOTC arena, and over the years we have routinely audited work by most of the largest processors in the market, consistently finding twice the number of credits through our unique understanding of the IRS guidelines and filing systems, our gold-standard front end data capturing and management, and our timely in-house processing.

Our Efficient Solution was originally created to screen, process, and capture WOTC exclusively in the Hurricane Katrina “look-back” opportunity in LA, MS, and AL.  Of the estimated $250M+ worth of available credits in the zone at the time, we were able to find and process $50M which we returned to local businesses affected by the tragedy.

 


Please click the IRS logo above to access the IRS’ Work Opportunity Tax Credit Information page.

Please click the DOL logo above to access the DOL’s Work Opportunity Tax Credit Amount page.

If you’ve ever had to fill out a 8850 or 9061 WOTC form by hand, you know that it can be very confusing.  Even screening new-hire employees over the phone becomes a clumsy process, allowing valuable credits to slip through the cracks.  Efficient Business Solutions’ WOTC process begins with a gold-standard front-end data capture, directly from each employee being guided through our plain-English interactive question and answer interview format.  Simple “yes” or “no” questions determine eligibility for any of the available demographic and geographic credits, and the forms are auto-populated correctly with their answers the first time.  We quickly process and capture our clients’ credits all in-house, using no third parties in the process, allowing us to give our clients the most competitive processing rates and fastest turnaround times.  Meanwhile, WOTC status is viewable on our administrative dashboard, with detailed reporting at your fingertips.With screening in either the onboarding process or the e-application process, you can choose to preferentially hire WOTC qualified candidates, further maximizing your benefit.  In fact, many of our clients are choosing to put goals in place to hire military veterans for greater than 50% of their workforce, making it a win-win-win for the vet, the company, and our country.  Screening every new-hire, accurately capturing their information, and quickly submitting it for processing gives us the best capture rate in the business!

HERE'S SOME RECENT TESTIMONIALS FROM EFFICIENT CLIENTS

J.R.P.,Owner of a Personal Care Service

"I've never utilized the Work Opportunity Tax Credit before, so I was skeptical about the estimates EBS had made using my company's figures.  But after some research, I found out they are a valid way to decrease our tax liability, and combined with the professionalism of everyone I had contact with at EBS, I took a chance.  They performed just as they said they would and recouped a large amount of money I otherwise would have lost!  The whole experience, from the decision to engage to the implementation, was very pleasant, and my back office people, who were also skeptical about the ease of use, are using the platform daily and are very happy, saying it's really easy for anyone to operate.  Our office operations are now updated and streamlined, and I'm confident about our company's relationship with EBS going forward, and happy to recommend EBS to anyone else looking to maximize their company's efficiency while minimizing their tax burden."
2017-08-17T16:24:31+00:00
"I've never utilized the Work Opportunity Tax Credit before, so I was skeptical about the estimates EBS had made using my company's figures.  But after some research, I found out they are a valid way to decrease our tax liability, and combined with the professionalism of everyone I had contact with at EBS, I took a chance.  They performed just as they said they would and recouped a large amount of money I otherwise would have lost!  The whole experience, from the decision to engage to the implementation, was very pleasant, and my back office people, who were also skeptical about the ease of use, are using the platform daily and are very happy, saying it's really easy for anyone to operate.  Our office operations are now updated and streamlined, and I'm confident about our company's relationship with EBS going forward, and happy to recommend EBS to anyone else looking to maximize their company's efficiency while minimizing their tax burden."

B.J., Business Manager for a large McDonald’s Franchise

“Once we finally brought the Efficient Solution into our company and saw how great it fits, we wished we had made the decision sooner!  The best part is how it takes care of itself.  We weren’t sure how a paperless system would feel to the average employee until we implemented it in a few days then actually saw people using it, most with no hand holding at all.  We’re very impressed how intuitive and easy it is for employees to complete.  On our side, it’s not a difficult system to navigate and gives us the ability to see who needs to do what through the whole company- what’s going on, where they are in the process, and how to get everyone moving in the right direction.  We initially got involved with Efficient because of serious concerns about ACA compliance requirements and it’s big fines and penalties.  Now we can rest knowing all the moving targets are handled automatically for us, from top to bottom.  Another reason was the WOTC- we had a good WOTC processor before, but didn’t feel like we were getting everything we possibly could.  After completing the recent 2014 look-back with Efficient, we found a 100% increase in our capture rate, and could have found a higher rate if we had moved sooner!  That’s OK, because we’re using Efficient this year to propel our company to a 300% increase.”
2017-08-17T16:27:53+00:00
“Once we finally brought the Efficient Solution into our company and saw how great it fits, we wished we had made the decision sooner!  The best part is how it takes care of itself.  We weren’t sure how a paperless system would feel to the average employee until we implemented it in a few days then actually saw people using it, most with no hand holding at all.  We’re very impressed how intuitive and easy it is for employees to complete.  On our side, it’s not a difficult system to navigate and gives us the ability to see who needs to do what through the whole company- what’s going on, where they are in the process, and how to get everyone moving in the right direction.  We initially got involved with Efficient because of serious concerns about ACA compliance requirements and it’s big fines and penalties.  Now we can rest knowing all the moving targets are handled automatically for us, from top to bottom.  Another reason was the WOTC- we had a good WOTC processor before, but didn’t feel like we were getting everything we possibly could.  After completing the recent 2014 look-back with Efficient, we found a 100% increase in our capture rate, and could have found a higher rate if we had moved sooner!  That’s OK, because we’re using Efficient this year to propel our company to a 300% increase.”

R.N., Director of Operations of an Atlanta Region McDonald’s Franchise

"My organization acquired 15 McDonald's restaurant locations from another Owner/Operator.  We needed to onboard all of the employees on to our FEINs.  This needed to happen very quickly.  Looking at the amount of paperwork involved in the transition was daunting.  The other Owner/Operator has been using a product called Efficient to complete all of this paperwork electronically.  They told us about how easy it is to use and how much tax credit gets generated this way.  They introduced us to the Efficient group.  We decided to become a client and use this service for the transition and all of our new hires moving forward.  Everything went very well and all of the paperwork got done ahead of schedule.  I am very pleased with both the product and the company." 
2017-08-17T16:26:27+00:00
"My organization acquired 15 McDonald's restaurant locations from another Owner/Operator.  We needed to onboard all of the employees on to our FEINs.  This needed to happen very quickly.  Looking at the amount of paperwork involved in the transition was daunting.  The other Owner/Operator has been using a product called Efficient to complete all of this paperwork electronically.  They told us about how easy it is to use and how much tax credit gets generated this way.  They introduced us to the Efficient group.  We decided to become a client and use this service for the transition and all of our new hires moving forward.  Everything went very well and all of the paperwork got done ahead of schedule.  I am very pleased with both the product and the company." 

Terolyn, HR at a Personal Care Provider

“I manage the office operations for a sizable care provider, and we have been hiring on paper for years thinking there was no better way.  I was pretty skeptical when Efficient first claimed they could streamline our office operations using their simply intuitive solution, and I was afraid it would be yet another difficult system to use, but seeing how fast implementation happened and how quick our users were trained, I have to admit they were right!  Any time I have a question, no matter how small, I can always get a real, knowledgeable person on the phone to help, and everyone involved has just been very friendly and professional.  As an office manager, I understand the resistance to change and skepticism about technology that can grow in the back-office.  But, I can also tell you that my day-to-day tasks are now much faster and easier to complete, leaving me with less time buried in paperwork and data entry “busy work,” and more time to actually manage our company!”
2017-08-17T16:27:09+00:00
“I manage the office operations for a sizable care provider, and we have been hiring on paper for years thinking there was no better way.  I was pretty skeptical when Efficient first claimed they could streamline our office operations using their simply intuitive solution, and I was afraid it would be yet another difficult system to use, but seeing how fast implementation happened and how quick our users were trained, I have to admit they were right!  Any time I have a question, no matter how small, I can always get a real, knowledgeable person on the phone to help, and everyone involved has just been very friendly and professional.  As an office manager, I understand the resistance to change and skepticism about technology that can grow in the back-office.  But, I can also tell you that my day-to-day tasks are now much faster and easier to complete, leaving me with less time buried in paperwork and data entry “busy work,” and more time to actually manage our company!”

T.M., Owner of a Personal Care Service Company

“Bringing Efficient into our company was an easy decision since their stellar performance for us during the Katrina WOTC look-back a few years ago, and recently grabbing another big chunk for us in the 2014 WOTC look-back.  We were getting increasingly worried about ACA, with its tricky guidelines and heavy penalties, but now Efficient has it all worked out for us as part of their great solution.  We had some apprehension about implementation and getting everyone on the same page, but it was extremely easy and we were up and running in a matter of days, now my HR people love it and say it has really streamlined our operations.  All these good experiences, along with the confidence that our ACA is being completely handled and we’re getting every dollar of WOTC available, make it an easy recommendation to any company looking to finally go paperless.”
2017-08-17T16:28:29+00:00
“Bringing Efficient into our company was an easy decision since their stellar performance for us during the Katrina WOTC look-back a few years ago, and recently grabbing another big chunk for us in the 2014 WOTC look-back.  We were getting increasingly worried about ACA, with its tricky guidelines and heavy penalties, but now Efficient has it all worked out for us as part of their great solution.  We had some apprehension about implementation and getting everyone on the same page, but it was extremely easy and we were up and running in a matter of days, now my HR people love it and say it has really streamlined our operations.  All these good experiences, along with the confidence that our ACA is being completely handled and we’re getting every dollar of WOTC available, make it an easy recommendation to any company looking to finally go paperless.”