
The Work Opportunity Tax Credit (WOTC) is a federal income tax credit that's available to businesses that hire members of groups who have consistently faced significant barriers to employment. Workstream partners with providers such as WOTC.com (a TC Services USA company) to make it easier to participate in this program by handling the tedious part of the application process for you.
How does the integration work?
- New hires complete WOTC eligibility form during onboarding
- Workstream automatically sends forms to WOTC.com for processing
- WOTC.com accounting professionals review and submit applications to state agencies
- WOTC.com works with you to collect payroll data
- Managers can track accrued credits
- Completed IRS forms are generated and sent to you and your CPA for filing
- WOTC.com looks for additional credits you can apply for