Did you know you could be missing out on valuable tax credits when you hire new employees? The Work Opportunity Tax Credit, known as WOTC, is a Federal tax credit incentive that Congress provides to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment. The objective of this program is to enable the targeted employees to gradually move from economic dependency into self-sufficiency as they earn a steady income and become contributing taxpayers, while participating employers are compensated by being able to reduce their federal income tax liability.
Based on our 21+ years of experience, 10-15% of new hires may qualify. Calculate your potential credit! The average tax credit per eligible employee is $2,400.
iRecruit has been integrated with our WOTC processing service since 2009 providing a simple and easy to use interface, and reporting.
Why aren’t you taking advantage? Call CMS today at 1-800-517-9099 to find out how to begin.
