Tax Strategy
Hiring Incentives
Work Opportunity Tax Credit (WOTC) advisory. Employers claim approximately $1 billion annually in WOTC tax credits.
Tax benefit of up to 40% of first-year wages for hiring employees in targeted groups.
Work Opportunity Tax Credit (WOTC) advisory. Employers claim approximately $1 billion annually in WOTC tax credits.
Tax benefit of up to 40% of first-year wages for hiring employees in targeted groups.
The WOTC is one of the most underutilized tax credits available to employers. These situations often indicate significant missed opportunities.
Companies with ongoing hiring activity have the most opportunity to capture WOTC credits for new employees.
WOTC can be claimed retroactively for employees hired in prior years within the lookback window.
If WOTC applications weren't filed with initial hiring paperwork, retroactive claims may still be available.
Federal tax credits available to employers who hire individuals from specific target groups facing barriers to employment.
Claimed annually by employers
Maximum first-year wage credit
Targeted group hiring
Many employers fail to capture available WOTC credits simply because they don't have systems in place to identify qualifying hires and complete required documentation.
We help employers identify qualifying candidates, complete necessary certifications, and ensure proper documentation for credit capture.
Approximately $1 billion claimed annually—your share may be untapped.
Various designated groups with barriers to employment qualify.
Maximum first-year wage benefit for qualifying hires.
Approximately $1 billion in WOTC tax credits claimed annually. Tax benefit of up to 40% of first-year wages for qualifying hires.