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Work Opportunity Tax Credit Solutions
HRWorkCycles’ Work Opportunity Tax Credit (WOTC) solution lets small businesses automatically screen new employees for WOTC eligibility.
It integrates into your existing onboarding platform to collect the required information and supporting documentation.
As payroll data is submitted throughout the year, eligible tax credit amounts will be calculated. When payroll hours and wages are finalized at the end of the year, HRWC will generate a Tax Credit Packet to help businesses claim these credits.
What is the Work Opportunity Tax Credit?
The Work Opportunity Tax Credit is available to employers in order to encourage companies to hire employees that belong to one of several “target groups.” Potential certification amounts are for each qualified employee depending upon hours worked and wages earned.
New hires complete forms electronically
Employer collects certifications
Potential credit values:
$2,400 – $9,600 (per employee)
How It Works
The HRWorkCycles questionnaire utilizes electronic signatures and can be completed on virtually any device with an internet connection. It can be integrated into your existing onboarding platform.
Our adaptive interface ensures that employees only enter the information that is required for the applicable credit(s). Proactive alerts also assist in gathering supporting documentation that may be required to claim the tax credit.
Once payroll is finalized for the year and sent to HRWorkCycles, your credits will be calculated and a Tax Credit Packet will be generated to provide to your accounting team so the credits may be claimed.
To start screening your new hires for WOTC, contact your PrismHR Customer Success Manager or fill out the form below.
Get Started with Work Opportunity Tax Credit Solutions
Fill out the form to learn more about Work Opportunity Tax Credit solutions from HRWorkCycles.
To learn more about E-Verify Management solutions from HRWorkCycles click here.