The Government is Offering “Work Opportunity Tax Credits,” and Not Every Business Claims Its Fair Share.
What is WOTC?
The Work Opportunity Tax Credit (WOTC) is a federal program that encourages businesses to hire certain targeted groups. Businesses that hire these people get a federal income tax credit up to $2,400 for each certified employee (or up to $9,600 in one special case)
To help our clients generate tax credits with as little effort as necessary on their part.
To make it as easy as possible we have organized WOTC as a 3 step process:
- Have each new employee fill out the Online 8850.
- Have the employees available for a brief 2 minute interview.
- On a monthly basis, send wage data electronically in order for us to track the credits accrued.