Getting Started with WOTC, what Business Owners Need to Know
WOTC provides business owners with the opportunity for
potential incentives from their recently hired employees by maximizing the work
opportunity tax credit (WOTC).
Who is Eligible? WOTC is a federal tax credit available to private-sector businesses, rewarding them for every new hire that meets eligibility requirements. The government program has identified nine target groups that have historically faced significant barriers to employment and offers participating companies between $2,400-$9,600 per new qualifying hire.
Pinnacle can help your business take advantage of these tax credits when you hire individuals from the following WOTC target groups.
WOTC Eligibility Criteria
Maximum Tax Credit Amount
Food Stamp(Snap) Recipient
Unemployment Benefits Recipient
Long-Term TANF Recipients
$9,000 over 2 years
Empowerment Zone Recipient
Vocational Rehab Referral
Our Services Include:
Screening for WOTC, Empowerment Zone, Disaster Relief & State Credits.
Electronic tax credit screening that integrates with hiring process.
Filing forms and documentation necessary for WOTC certification. Calculating and reporting tax credits quarterly.
A turnkey solution which saves implementation time for immediate tax credit realization.