First Capitol Consulting Offers New Service Bundle to Multi-Location Restaurants for Cost of Traditional WOTC Services
LOS ANGELES, Jan. 18, 2018 /PRNewswire/ -- First Capitol Consulting is offering restaurant operators a special bundled package of services to help them reduce their operating costs.
First Capitol's Restaurant Services Bundle helps owners and operators to:
maximize the federal Work Opportunity Tax Credit (WOTC)
manage Affordable Care Act (ACA) compliance
reduce healthcare insurance costs
optimize their recruiting and workforce management.
All of these services are provided at a cost less than the contingency fees charged by many standalone WOTC service providers.
The Restaurant Services Bundle includes:
WOTC Service: This service will maximize the Work Opportunity Tax Credits for eligible employees hired by restaurants. The service provides access to a live call center and WOTC specialists, experts at working with state workforce agencies to maximize certifications and tax credits.
ACA Complete: A group of workforce analysts that specialize in the ACA serves as a restaurant's outsourced ACA department. These dedicated personnel work with restaurants and their benefits and payroll vendors to achieve 100% compliance and reporting for the ACA. The entire process of monthly tracking and annual reporting is handled by a Workforce Analyst, dramatically reducing the administrative burden on restaurant staff. Additionally, workforce analysts can provide guidance on tailored filing strategies based on nuances specific to restaurant operations.
Audit Preparedness Monitoring: Workforce analysts provide monthly ACA reports on payroll, benefits and other HR-related data to provide restaurant owners confidence that annual IRS filings will comply with the strict and complex rules of the ACA. The necessary documentation is tracked and stored digitally for quick access in the event of an IRS inquiry. Appropriate internal controls are developed to shield restaurants from ACA tax penalties arising from an exchange notice or IRS penalty notice.
Optimal Health: Identifies employees who may be eligible for lower-cost healthcare plans, creating a win-win outcome that reduces health care coverage costs for both the restaurant and its employees. Employees who may be eligible for Earned Income Tax Credits and refunds from the IRS are also notified.
Overspend Protection and Monitoring: Workforce analysts monitor and reconcile medical invoices against payroll and HR data each month to reduce health insurance premium overpayments.
Humanefits: First Capitol's online HR platform provides all the essentials for restaurants to better manage workforce recruitment and management with an easy to use interface. Create job postings, track applicants, onboard new employees, use E-Verify and ensure I-9 compliance, centralize essential employment verification documents, and track offers of benefits coverage to your workforce. Humanefits works with popular recruiting platforms to drive hiring needs.
"Our new Restaurant Services Bundle is a comprehensive offering for a cost that essentially provides restaurants with free WOTC services," said Robert Sheen, President and CEO of First Capitol. "That's money back into their businesses, allowing restaurant owners to expand their profits and increasing their bottom lines through improved operations."
To obtain more information about the Restaurant Services Bundle, clickhere.
About Us
First Capitol Consulting, Inc., is a data and analytics company with a focus on optimizing client performance around tax and regulatory compliance. We provide robust data and analytic solutions for HR, tax credits, regulatory compliance, and data intelligence services. For more information, go to firstcapitolconsulting.com.
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:...
The federal government recently delivered Budget 2024: Fairness for Every Generation.
It is a plan to build a Canada that works better for everyone, where younger generations can get ahead, where their hard work pays off, and where they can buy a...
West Physics Consulting, LLC ("West Physics"), the leading national provider of integrated medical and health physics services, announced today that it has completed the purchase of the medical physics service division of Tricord, Inc. ("Tricord"), a...
Hard Rock International, Seminole Gaming and Royal Caribbean Group brands, Royal Caribbean International and Celebrity Cruises, today unveiled a global partnership that will benefit both vacationers and team members of the brands. Travelers around...
Amae Health, a trailblazer in delivering patient-centered care for people with severe mental illness, announced today the successful closing of its oversubscribed $15 million Series A funding round. The round was led by Quiet Capital and included...
The following issues have been halted by CIRO:
Company: THE CANNABIST COMPANY HOLDINGS INC.
NEO Exchange Symbol : CBST.WT
All Issues: No
Reason: Pending Delisting
Halt Time (ET): 12:00 PM
CIRO can make a decision to impose a temporary suspension...