Help simplify the screening process, help identify more Work Opportunity Tax Credit (WOTC) eligible employees, and better maximize the tax credit for your organization.
The federal tax credit for hiring individuals from groups that face employment barriers can result in significant tax savings. Yet, many employers are missing out.
Integrate WOTC screening into your onboarding workflows to help you capture these valuable tax credits.
*From full year 2015 Equifax certification data. Individuals results may vary.
*From full year 2015 Equifax certification data
The Work Number service, Unemployment Cost Management service, and WOTC Management service can all be implemented more easily at the same time leveraging the same payroll feed.
Your payroll file can help secure life’s most important moments for your employees, help you reduce your unemployment costs, and help you capture more tax credits through the Work Opportunity Tax Credit program.
This is how much our WOTC management tool could help you save annually.*
Sources: Average percent certified by industry is based on 2022 Equifax data. Average certification value by industry is based on 2021-2022 Equifax data. *Potential credits are only an estimate, and Equifax does not guarantee any WOTC return. Credit availability is based on issues outside of the control of Equifax, including actions of governmental agencies and Equifax clients.
Read best practice tips to help make your Work Opportunity Tax Credit (WOTC) program work for you!
Visit the Workforce Wise™ blog to learn more from our panel of industry leaders who share best practice advice to make HR compliance easier.