From our #WOTCQuestions archive. “Am I Still Eligible for WOTC With Seasonal Hiring?” Yes, all companies are eligible when hiring seasonal employees. If hiring employees for a specific period of time, especially part-time employees, remember that the minimum amount of hours to qualify for the Work Opportunity Tax Credit is 120 hours. If the employee Read more about Am I Still Eligible for WOTC With Seasonal Hiring?[…]
Hiring a United States Veteran can potentially make you eligible for a tax credit of up to $9,600. To qualify for a WOTC credit under the Veteran target group, the individual must first complete the 8850, and 9061 forms. If an individual identifies themselves as a veteran, our online system will ask for a copy Read more about The Work Opportunity Tax Credit and Hiring Veterans, What You Need to Know[…]
At iRecruit, we hear from people who visit our website all the time who tell us that when it comes to the Work Opportunity Tax Credit, it “takes too much time to manage.” That’s where we come in. CMS-iRecruit has a dedicated service team working on finding WOTC credits for our customers. We manage the Read more about How to Make WOTC a Part of Your Onboarding Process[…]
“What Type of WOTC Clients Do You Work With?” is actually one of the most frequently asked questions we receive about the Work Opportunity Tax Credit. Everyone from customers, to CPA firms, to website visitors wants to know. The reason for asking, is so they can know the answer to the inevitable follow up question Read more about What Type of WOTC Clients Do You Work With?[…]
Your WOTC Dashboard will provide a real-time overview of how many credits you have, and how many are pending. Howecver, if you’re not a customer yet, but are interested in estimating how much value Work Opportunity Tax Credits could potentially provide to your company, you can use our WOTC Calculator below. The calculator estimates that Read more about WOTC Tax Credit Calculator – Estimate Your Potential Tax Credits[…]
WOTC or Work Opportunity Tax Credit is a Federal tax credit available to employers to hire and retain veterans and individuals from target groups with significant barriers to employment. The target groups are: The Work Opportunity Tax Credit’s Ten Target Groups from Cost Management Services How WOTC works with iRecruit and iConnect iRecruit and iConnect Read more about Get To Know the WOTC Target Groups – Which Employees Qualify?[…]
When it comes to the Work Opportunity Tax Credit, WOTC, timing Is everything! You may have heard of the 28 Day Rule. This is a critical factor with WOTC processing. Your WOTC surveys from new hires have to be completed and submitted to the State Workforce Agency/Department of Labor (SWA) within 28 days of the Read more about [Video] With WOTC, Timing Is Everything![…]
Your Work Opportunity Tax Credit (WOTC) Dashboard gives you a real-time overview of the activity in your account. The Dashboard contains the following: Ability to look up your WOTC applications in real-time. The benefit to this is that you can confirm your new hires are completing the WOTC Survey so you’re not missing out on Read more about What Can My WOTC Dashboard Show Me?[…]
The Work Opportunity Tax Credit is a Federal tax credit available to employers* to hire and retain individuals from target groups with significant barriers to employment. Employers claim about $1 billion in tax credits each year under the WOTC program. There is no limit on the number of individuals an employer can hire to qualify to Read more about What Is the Work Opportunity Tax Credit (WOTC), and How Does It Benefit Employers?[…]
The Work Opportunity Tax Credit is a Federal tax credit available to employers to hire and retain individuals from target groups with significant barriers to employment. Between 8-15% of New Hires may fall into one of the qualifying categories for WOTC. This can make you eligible to receive a tax credit of between $2,400 and Read more about 3 Things Employers Don’t Know About WOTC[…]