Work Opportunity Tax Credit
Earn some green for hiring an employee!
WHAT IS WOTC (WORK OPPORTUNITY TAX CREDIT)?
The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment.
Employers can hire eligible employees from the following target groups for WOTC.
- Unemployed Veterans (including disabled veterans)
- Temporary Assistance for Needy Families (TANF) Recipients
- Designated Community Residents (living in Empowerment Zones or Rural Renewal Counties)
- Vocational Rehabilitation Referred Individuals
- Supplemental Security Income Recipients
- Summer Youth Employees (living in Empowerment Zones)
WOTC joins other workforce programs that incentivize workplace diversity and facilitate access to good jobs for American workers.
HOW DOES EFFICIENT WOTC SCREENING AND PROCESSING HELP YOU ACHIEVE MAXIMUM CREDITS?
The Efficient WOTC module ensures your candidates and hires are screened 100% of the time. Completely integrated into the application and / or on-boarding process, every candidate and employee will complete the WOTC Questionnaire. We automatically determine eligibility for each candidate, eliminating paperwork for ineligible candidates, and generating the appropriate logic based questions for eligible candidates.
Our processing team picks up the process after the paperwork is approved according to your workflow. Paperwork is submitted on your behalf to the appropriate state. Through the use of real time dashboards, and reports, see the progress of each submission, from start to finish. You supply the wages and hours, and we do the rest!
Use our reports generator to track all submissions and eligible employees from start to finish. Upload hours, and earnings through our interactive reports module. At the end of your year, we will generate a credits report that you can use to file your taxes.