subject: Good way to save taxes, cut business costs and get great employees with Wollt Recruiting! [print this page] Good way to save taxes, cut business costs and get great employees with Wollt Recruiting!
Are you a US based businesswith a need for entry-level seasonal or year-round employees? What do you think about free staffing service, that will even save up to 8% of your payroll taxes? Sounds like a scam? It's not. This is "Work and Travel" program, designed by the US Dept. of state to promote intercultural friendship. You can benefit from covering your seasonal staffing needs by hiring hard-working, intelligent international students with a J1 Visa who speak English and are willing and motivated to work in the United States. Students are available almost any time of the year. Summer students arrive from Europe and Asia in May/June and stay till September/October. Winter season (December to March/April) welcomes students from South America and South Africa. Spring program runs from March till June/July, this is when J1 visa students from Thailand and Philippines work in USA. Hire foreign J1 visa students, participating in Summer, Winter or Spring "Work and Travel" program, with us and you will get great, English-speaking workers in your team, enjoy our free recruiting service, save payroll taxes and much more.
Hiring foreign students with Wollt is easy, convenient, free for Employers, and will also save you payroll taxes!
How much in taxes can a US Business save hiring international students?
Hiring 2 foreign students, who will work 40 hours/week, paid $7.50/hour will save you around $900 every 4 months! You can easily calculate your yearly payroll savings, by multiplying your total wage expenses by the sum of percentage numbers provided below.
(6.2+1.45+0.8)/100 x Wages = Your payroll savings!
American Employers can legally save 7.79% off their total payroll expenses simply by hiring foreign workers - international studntswho take part in Work and Travel programprogram. As any employees, foreign students are required to pay Federal, State and local taxes, but they are exempt from paying Medicare, Social Security or Federal Unemployment tax. Regularly, the employers match some of the taxes, contributing a sum equal to 6.2% of the employee's wages towards Social Security tax, 1.45% towards Medicare tax and up to 6.2% towards Federal Unemployment tax. Since J1 visastudents pay zero Social Security, zero Medicare and zero Federal Unemployment, employers pay nothing to match these taxes, which account for at least 7.79% of their total payroll expenses (or 8.45% of the total employees' salaries). In some instances, employers can save even more than 7.79% of their payroll expenses. Generally, Federal Unemployment tax rate is 6.2%, but employers are allowed to take a credit of up to 5.4% for their State Unemployment tax. If your State rate is less than 5.4%, your maximum credit for Federal Unemployment tax will decrease thus increasing total savings from hiring J1 exchange students. For more information, please refer to IRS Employers Tax Guide Publication 5.15 or your state's taxation and revenue department.
Discover more benefits for employer here
Start hiring best international students now!
Why wait? You can start choosing best candidates for your business up to 6 months before they start working. We are already placing students for 2011 season!Students start applying to the Work and Travel program7-9 months before their actual arrival date, so we recommend to make an approximation of how many positions you will need and start considering resumes. Contacts usto provide job description by email, skype or phone call, or post your job nowand we'll start sending you resumes with photos of appropriate candidates, willing to take the position. You will consider candidates. Selected ones will call you to be interviewed. And that's it! On agreed date students arrive with all legal documentation and start working!
