- January 1, 2021
- Posted by: Andy Scheu
- Category: Human Resources
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!