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Walton UKG/ERC Integration Announcement

Exciting News!

Walton, a trusted provider of tax credits and incentives for over four decades, is pleased to announce the first Employee Retention Credit (ERC) integration with long-time strategic partner, Ultimate Kronos Group (UKG).

This unique integration automates Walton’s secure access to crucial employee data used to calculate and report ERC for qualifying businesses. As a result, companies that use UKG for payroll can now minimize the time it takes to calculate and claim ERC by eliminating custom data file transmissions.

“Walton has completed thousands of ERC projects, helping businesses secure millions in refunds from the government,” said Brian DeVido, VP of Business Development for Walton. “We are thrilled to be the first UKG partner to develop an integration that automates the data used for ERC, making it easier for UKG clients.”

ACT NOW AND SAVE!

If your business currently utilizes UKG Pro and would like to learn how Walton’s integration can save your company time and money, visit the UKG marketplace or contact us for a free consultation.

About COVID ERC

The Employee Retention Credit, under the CARES Act is a refundable credit available for 2020 and 2021 to companies that suffered either a significant gross receipts decline or had a suspension of operations due to government mandate. Qualifying businesses can earn up to $26,000 per eligible employee.

ABOUT WALTON

For over forty years, Walton has been a trusted provider of point-of-hire tax credits and incentives. Today, Walton leverages the most advanced technology platform proven to automate and integrate tax credits as well as employment verification and unemployment insurance claims, powered by a single data source. Our integrated solutions feature a best-in-class partner ecosystem, proven to deliver optimal savings for companies across all industries, with ease. For more information, visit www.waltonmgt.com.

Julia Esipova | Director of Accounting & Finance | Walton

Julia Esipova is promoted to Director of Accounting & Finance

We are pleased to announce the promotion of Julia Esipova to Director of Accounting & Finance. Under this new role, Julia will be responsible for the financial management of Walton Management Services, Inc. and Quentelle, LLC., respectively.

Julia has joined Quentelle, LLC over two years ago as the Controller. In that role, she implemented new internal systems, controls and procedures. Julia’s contributions have helped maximize ROI’s as well as operational cost efficiencies for the business. Prior to joining Quentelle, Julia held various roles in financial reporting, auditing, and client service. Julia graduated with a double major in Accounting and Finance from Brooklyn College, City University of New York. She is also licensed as a Certified Public Accountant in the state of New York.

Brian Devido | Vice-President of Business Development | Walton

Walton and Quentelle Name Brian DeVido as Vice-President of Business Development

Walton Management Services, Inc. and Quentelle, LLC proudly announce the promotion of Brian DeVido as Vice President of Business Development. In his new role, Brian joins Walton’s and Quentelle’s executive board of directors and leverages his vast industry experience and contacts to accelerate revenue and expand both companies’ presence in new markets, as well as develop new channels.

“I am honored to take on this new role and make an even greater impact. Walton and Quentelle, respectively, are uniquely positioned to maximize the savings of time and resources for employers, bridging the user experience gap through advanced technology at scale,” said Brian. “It’s great to be working with people who are passionate about what they do — helping the companies we serve achieve meaningful results,” added Brian.

Brian has been with Walton for 20 years. He started as an individual contributor, where he successfully applied his solid sales experience to bring new clients and increase revenue. Several years later, Brian built and led the company’s credits and incentives sales team. Prior to joining Walton, Brian worked in the staffing industry, where he managed a sales team at a leading recruiting firm. Brian holds a master’s degree in Fine Arts from the University of North Carolina, Wilmington as well as a Bachelor of Arts degree from Virginia Tech.

“We’re fortunate to have such an exceptional leader like Brian, who brings proven sales leadership in the HR services space. During his career at Walton, Brian has consistently led our sales team, delivering successful outcomes with his passion for helping customers and partners achieve their goals with innovative technology, backed by a team committed to excellence. We look forward to him expanding on our success.” said Mike McConnell, President of Walton and Quentelle. As Walton and Quentelle continue its forward momentum with new leadership, product innovation, and the expansion of its transformational platform, more and more enterprises are turning their point-of-hire tax credits and verification of employment to take advantage of our bundled solution.

Mike McConnell, Appointed as President of Quentelle and Walton

We are delighted to announce the promotion of Mike McConnell. Mike will serve as President of Walton and Quentelle, as of today, July 14, 2022. In this new and exciting role, Mike will assume executive leadership for both companies. Mike joined the organization in 2018, where he led several critical projects that delivered operational and technical scalability to manage our unprecedented and rapid growth. Most recently, Mike served as Chief Operating Officer for Quentelle.

“The future of our organization is bright!”, said Fred Stiftel, Chairman of the Board. “Mike’s education, emotional intelligence, proven experience and vast skillset make him uniquely qualified to thrive in this role and take our companies to a era of success.”

About Quentelle, LLC:

Headquartered in New Jersey, with staff nationally and worldwide, Quentelle is a business and artificial intelligence technology company, and the developers of ForeSite™, a data intelligence platform that allows third-party developers and their applications to deliver state-of-the-art access to information as part of their applications. Quentelle is the developer of VeriSafeJobs™, a nationally recognized Verification of Employment/Income SaaS application that works under the ForeSite™ platform. Quentelle services Fortune 500 and mid-size entities that require greater insight into the needs of their employees, as well as outside entities and government agencies. For more information, visit www.quentelle.com.

About Walton Management Services, Inc.: For over forty years, Walton has been a leading provider of point-of-hire tax credits and incentives. Today, Walton leverages the most advanced technology platform proven to automate and integrate tax credits as well as employment verification, powered by a single data source. Our integrated solutions feature a best-in-class partner ecosystem, proven to deliver optimal savings for companies across all industries, with ease. For more information, visit www.waltonmgt.com.

Walton joins Uber and FedEx at iCIMS event to discuss the benefits of hiring military candidates.

Disaster Relief for Recent Hurricane Areas

On September 29th, President Trump signed into law H.R. 3823 — Disaster Tax Relief and Airport Airway Extension Act of 2017 to aid individuals and businesses impacted by the recent hurricanes in Texas, Florida, Georgia, Puerto Rico and the U.S. Virgin Islands. Section 503 of the Act provides relief to businesses in the form of a retention tax credit to employers if the employee’s place of employment was inoperable and located in disaster zones ending on December 31, 2017 and starting on the following dates:

August 23, 2017 (Hurricane Harvey)
September 4, 2017 (Hurricane Irma)
September 16, 2017 (Hurricane Maria)

Continue reading “Disaster Relief for Recent Hurricane Areas”

The Cares Act Coronavirus Aid, Relief, and Economic Security text on sign man is holding

CARES Act – Signed into Law

On Friday, March 27, President Donald Trump signed the “Coronavirus and Economic Security Act” (also known as the CARES Act) into law, after a voice-vote approval earlier that day by the U.S. House of Representatives and an unanimous vote by the U.S. Senate on Wednesday of last week. The CARES Act, estimated at $2.2T is the largest economic stimulus ever approved in the history of our country. The stimulus bill delivers extraordinary spending to confront the country’s disruption due to the COVID-19 pandemic, including cash payments to individual citizens, enhancements and expansions to unemployment benefits, a broad lending program for small businesses and targeted relief for hard-hit industries.

Here are some of the highlights:

Federal Loans and Grants for Businesses with Less Than 500 Employees

available for employers that maintained their staff between February 15 and June 30, 2020.
loan amount is 250% of average monthly payroll during that time frame, up to $10MM

Cash Assistance

Individuals earning less than $75,000 per year will receive $1,200 plus $500 per child.
Amount is prorated for individuals whose adjusted income in their most recent tax filing is over $75,000 and up to $99,000.
Individuals whose adjusted gross income is over $99,000 are excluded.

Unemployment Benefits

Individuals entitled to receive unemployment benefits would get an extra $600 per week for up to four months in addition to their state unemployment benefits, in an effort to make up for 100% of lost wages.
It also expands the maximum time limit from 26 weeks to 39 weeks.

Loans to Select Industries ($500 billion)

$58 billion in loans and grants for airlines
reprieve on their three major excise taxes (ticket price, fuel, and cargo tax)
$17 billion in loans and loan guarantees for businesses critical to maintaining national security
$454 billion for loan and loan guarantees for eligible businesses, states, and municipalities

Financial Aid to Hospitals

health care providers would receive grants for revenue lost by delaying elective surgeries and other procedures to focus on combatting the outbreak
20% increase in Medicare payments for treating patients with COVID-19

In addition, the CARES Act includes a host of other benefits and relief programs designed to help our schools, the agriculture industry, distilleries, food stamps, and child-nutrition programs, the postal service, and the cruise industry; to name a few.

As your trusted advisor, Walton is committed to staying on top of important developments and communicating important information that may impact the companies we serve as well as our business partners.

As always, don’t hesitate to contact us should you have any questions.

Families First Coronavirus Response Act — Signed into Law

H.R. 6201 — Enacted this Week

The “Families First Coronavirus Response Act” (H.R. 6201) was signed into law by President Donald Trump on March 18, 2020. The bill is intended to provide immediate relief to Americans financially impacted by the COVID-19 crisis.

Overview of Relief Bill

FMLA Expansion for COVID-19

The Act amends the FMLA to allow an employee who is unable to work (or telework) to take leave due to a need to care for the employee’s son or daughter (under 18 years of age) if the child’s elementary or secondary school or place of care has been closed, or the child-care provider is unavailable, due to a “public-health emergency.” A public-health emergency means an emergency with respect to COVID-19 declared by a federal, state, or local authority.

Unlike the original bill, the closure of the child’s school or child care facility is the only reason allowed under the added FMLA provisions, and the only reason allowed for paid leave under the FMLA.

Paid Sick Leave for COVID-19

The Act also adds a paid sick-leave obligation. Employers with fewer than 500 employees must immediately make available 80 hours of paid sick leave for full-time employees (or the equivalent of the average number of hours over two weeks for part-time employees) for the following reasons (which are slightly different than the original bill):

The employee is subject to a federal, state, or local quarantine or isolation order related to COVID-19.
The employee has been advised by a health care provider to self-quarantine due to concerns related to COVID-19.
The employee is experiencing symptoms of COVID-10 and seeking a medical diagnosis.
The employee is caring for an individual who is subject to an order as described in subparagraph (1) or has been advised as described in paragraph (2).
The employee is caring for their son or daughter if the school or place of care of the son or daughter has been closed, or the child-care provider is unavailable due to COVID-19 precautions.
The employee is experiencing any other substantially similar condition specified by the Secretary of Health and Human Services, in consultation with the Secretary of the Treasury and the Secretary of Labor.

Amount of Pay

Under the FMLA provisions, when leave is needed due to a school or day-care closure, the employer can provide the first 10 days of leave unpaid, then subsequent absences for this reason must be paid at 2/3 the employee’s regular rate of pay. The Act includes a cap of $200 per day and $10,000 in aggregate. If the first 10 days are unpaid, an employee may elect to substitute any accrued vacation leave, personal leave, or medical/sick leave for the unpaid leave.

Paid sick leave is paid at the employee’s regular rate for a use described in paragraph (1), (2), or (3); and 2/3 of an employee’s regular rate for a use described in paragraph (4), (5), or (6). Paid sick leave is also capped: $511 per day and $5,110 in the aggregate for a use described in paragraph (1), (2), or (3); and $200 per day and $2,000 in the aggregate for a use described in paragraph (4), (5), or (6).

Effective Date

Both the proposed FMLA changes and the proposed sick leave take effect no later than 15 days after enactment and would remain in place until the end of 2020.

For More Information:

Click on this link to view the entire bill.

Congress is working diligently on a third-phase relief. As we navigate through these challenging times, Walton continues to closely monitor legislative developments associated with COVID-19 relief and maintaining our clients and partners abreast of important updates.

As always, should you have any questions, please feel free to contact us.

Benestream Announces Partnership with Walton to Bring New Cost-Savings Program to Businesses

Partnership combines Walton’s Work Opportunity Tax Credit platform with BeneStream’s Medicaid Migration™ product.

New York, NY, June 1, 2016 – BeneStream today announced a partnership with Walton, a leading provider of tax credit and incentive consulting services. This relationship will enable the seamless incorporation of BeneStream’s signature product, Medicaid Migration™ into Walton’s award-winning Work Opportunity Tax Credit (WOTC) screening technology platform.

BeneStream is a health technology company that reduces costs for businesses by connecting qualified employees to government benefits including Medicaid for the Workplace and CHIP. Walton identifies, secures, and administers Federal and State tax credit and incentive (TCI) opportunities for business ranging from Fortune 500 corporations to promising new ventures.

“Our goal is to help our clients maximize the myriad of tax credit, and discretionary and statutory incentive opportunities afforded by the federal, state, and local governments to encourage their growth and success,” said Phil Ownbey, Walton. “We are committed to working with best-in-class industry leaders and BeneStream’s Medicaid Migration™ is the type of innovative product that Walton is proud to bring to our clients and integrate with our products.”

Businesses should think of WOTC and Medicaid as complementary benefits since they impact similar groups of employees. Walton is a driving force within the WOTC industry, and we are excited to combine our efforts to benefit businesses everywhere. Our product reduces costs for our clients while lowering turnover and providing quality benefits to employees,” said Ben Geyerhahn, CEO of BeneStream.

Medicaid Migration™ saves employees the cost of insuring qualified employees by helping them access affordable, quality health coverage. An employee in a household of four earning up to $33,500 may qualify for Medicaid. WOTC targets individuals in a similar population. Eligible individuals may include welfare and food stamp recipients as well as veterans who are re-entering the work force. By integrating Medicaid screening questions into its WOTC platform, Walton can easily screen and identify candidates who qualify for WOTC as well as for potential health insurance through Medicaid.

Walton’s WOTC screening solutions save employers up to $9,600 per eligible employee, and average Medicaid Migration™ savings can range from $4,000 to $10,000 per employee annually.

About BeneStream — The Medical Migration™ Company

BeneStream provides businesses with innovative, cost-saving products and services by connecting their qualified employees to government benefits. The company’s exclusive product, “Medicaid Migration™, delivers proven savings to employers by moving qualified employees onto free government-sponsored health insurance.

About Walton

Walton delivers the most advanced tax credits screening solution to employers across all industries. Unlike other providers, Walton has successfully maintained a sole focus on tax credits and incentives for over 35 years, delivering unparalleled tax savings using state-0f-the-art integrated technology. Walton’s WOTC technology platform was recently named as one of the Top 10 emerging technologies by the American Staffing Association.

Mississippi Businesses Benefit from Major Economic Impact Act

Certified businesses that construct a plant engaged in the manufacture of tiers or other related rubber or automotive products and enterprises owning or operating maritime fabrication and assembly facilities are eligible for up to 25 years in exemptions against corporate income tax arising from the project. Continue reading “Mississippi Businesses Benefit from Major Economic Impact Act”

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