The Work Opportunity Tax Credit known as #WOTC is a federal tax credit available to employers who hire individuals from disadvantaged groups of workers. Including WOTC Screening with iRecruit can save an employer significant amounts of money. WOTC Screening is used to determine if a new hire is a member of one of the Work Read more about What is “WOTC” Screening?[…]
The Work Opportunity Tax Credit known as #WOTC is a federal tax credit available to employers who hire individuals from disadvantaged groups of workers. So what does CMS know about WOTC, that most employers don’t? 1. It only applies to New Hires. The bottom line is, if you don’t screen your new hires for eligibility, Read more about Four Things Employers Need To Know Before Using the Work Opportunity Tax Credit[…]
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?[…]
You may not have heard of the Work Opportunity Tax Credit. “WOTC” as it is known is a tax credit for employers who hire individuals from target groups who have faced consistent barriers to employment. It can provide a tax credit of between $2,400 – $9,600 depending on the category. Based on our experience 10-15% of Read more about Introduction to the Work Opportunity Tax Credit[…]
Learn about the ten Work Opportunity Tax Credit Target Groups in this slide share from Cost Management Services. WOTC is a federal Tax Credit for businesses who hire individuals who fall under one of these target groups that include veterans. The Work Opportunity Tax Credit’s Ten Target Groups from Cost Management Services As an iRecruit Read more about The Work Opportunity Tax Credit’s Ten Target Groups[…]
It’s April, we’re running out of time to process any tax credits you have from 2014 employees. We have until April 30th to file all 2014 forms with state agencies. If you have missed anyone that you hired in 2014, now is the time to submit their information to our WOTC Administration department. If you have questions, Read more about Last Call for 2014 WOTC Tax Credits[…]
Special Notice to iRecruit customers using iRecruit’s Work Opportunity Tax Credit Administration service. If you are using iRecruit’s WOTC service please continue to have your new hires complete the WOTC paperwork, either online through your secure portal, or via the 1-800 Call Center. Despite the federal tax credit’s expiration on 12/31/2013, we expect the WOTC Read more about Special Notice: iRecruit and WOTC Administration[…]