Work Opportunity Tax Credits (WOTC)

 The Work Opportunity Tax Credit (WOTC) provides significant value to businesses by offering a federal tax incentive for hiring individuals from certain targeted groups facing employment barriers. These groups include veterans, long-term unemployed, individuals with disabilities, ex-felons, and others. By hiring from these categories, businesses not only contribute to social responsibility and workforce diversity but also reduce their tax liability, creating direct financial savings.

 For businesses, WOTC offers the potential to reduce their federal income tax liability by up to $9,600 per qualified employee, depending on the specific group and employment duration. This can be particularly beneficial for companies in industries like retail, hospitality, and manufacturing, where high employee turnover is common. The incentive makes it more financially viable to hire individuals who may require additional training or support.

Beyond the tax savings, participating in WOTC enables businesses to expand their talent pool, accessing motivated workers who might otherwise be overlooked. This creates a win-win scenario: employers benefit from hiring diverse, often underutilized talent, while employees from marginalized groups gain meaningful employment opportunities.

Additionally, by fostering a more inclusive workplace and demonstrating a commitment to corporate social responsibility, businesses can enhance their brand image and reputation. WOTC not only drives economic efficiency but also aligns businesses with community-oriented values, boosting long-term sustainability and success.

 The payment for claiming your credits is a percentage of the credits that you earn.  

 We set up your WOTC program as a normal part of your hiring process either electronically or manually, depending on your needs. We handle all the identification of eligible hires and prepare the documentation for you to submit to the IRS to claim your credits. We make it simple.