The services we are offering to make things easy for you.
Work Opportunity Tax CREDIT
Every year companies miss out on millions of dollars in tax credits for something they do every day – hiring new employees. The Work Opportunity Tax Credit (“WOTC”) is a Federal tax incentive program to encourage employers to hire and retain employees from specific target groups such as:
- qualified youth
- social assistance recipients
Although these tax credits range in value depending on the category of employee and length of employment, your company can receive a tax credit of up to $9,600 per new hire. How The Program Works The WOTC program requires the completion of several forms by the employee at the time they are hired. These forms need to be received by the correct state agency within 28 days of hire. Our tax credit experts will work with your company to streamline the documentation process in order to minimize your work, but maximize the credits. We offer flexible options for you to process the necessary documentation in a timely manner in order to receive approval of your credits. Many state agencies have a back-log of forms to process. Our team will keep your data and information organized, resolve any documentation discrepancies, and follow-up with the government on a regular basis to ensure your credits are approved in a timely manner.
WOTC-NOW provides flexible and customized solutions to companies of all sizes to assist in the processing and securing of your hiring tax credits. We eliminate all the excuses traditionally associated with processing such credits.
STATE TAX CREDITS and InCeTive
Many states offer companion credits to the WOTC. In certain cases these credits can nearly double the benefit of WOTC and certain states allow for these benefits to be REFUNDABLE if you do not owe tax. Our team will complete a comprehensive analysis of your employment patterns and plans in order to implement a process to maximize your credits while minimizing your effort to collect the necessary information.