HR service providers can now receive compliant tax credits through WOTC.com.
Hopkinton, MA (May 8, 2023) – PrismHR, a leading HR technology software platform powering payroll, benefits and HR for small- and medium-sized businesses across the U.S., today announced a new partnership with WOTC.com, a tax credit service designed to maximize work opportunity tax credits (WOTC).
The WOTC program gives business owners the chance to claim $2,400 to $9,600 per eligible new hire. WOTC.com’s team of tax credit experts focuses exclusively on helping employers navigate these claims.
“WOTC.com is extremely pleased to be partnering with PrismHR in order to offer best in class processing of hiring tax credits through the PEO industry’s leading human capital management platform,” says Patrick Cooney, Chief Development Officer for WOTC.com. “Both companies have a shared ideal of offering comprehensive service to the PEO industry and we’re excited to be working together for our common clients.”
“We are thrilled to partner with WOTC.com to offer an optimized tax credit service that helps to increase the funds available to employers,” says Tim Pratte, President of HRO Business Unit at PrismHR. “WOTC.com’s expert tax teams can maximize credit value while also minimizing the effort and time spent by our HR service providers’ SMBs, streamlining the whole process.”
PrismHR’s mission is to fuel the growth of small and medium-sized businesses (SMBs) across the U.S. Our HR software, combined with our ecosystem of HR service providers, enables SMBs to manage payroll, benefits and HR while leveling the playing field with large enterprises. Today, PrismHR software delivers world-class HR services to more than 80,000 organizations and over 2 million worksite employees, processing more than $80 billion in payroll each year. PrismHR is located in Hopkinton, Massachusetts. For more information, visit www.prismhr.com.
The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to employers, rewarding them for every new hire who meets eligibility requirements. WOTC.com helps employers claim these credits in all fifty states, prioritizing reporting and eligibility compliance. WOTC.com is comprised of an advanced team of tax credit professionals with an array of extensive knowledge about claiming credits.