Work Opportunity Tax Credit
Employers can receive up to $9,600 in tax credits for hiring certain individuals from eligible target groups through the Work Opportunity Tax Credit, or WOTC. Time & Pay’s Applicant Tracking and Onboarding system through Payentry allows employers to easily identify which applicants would allow them to take advantage of this credit if hired. These applicants may be:
- Empowerment Zone Residences
- Supplemental Nutrition Assistance Program (SNAP) Recipients
Once hired, Payentry assists in completing and filing the necessary documents in order to claim the tax credit, making the process quick and simple!
To learn more about WOTC, and how you can take advantage of this tax credit Contact Us today, or call 423-854-9042.