Maximum Tax Savings
for New Hires
The Work Opportunity Tax Credit (WOTC) is a tax credit available to employers for hiring individuals from certain targeted groups who have consistently faced significant barriers to employment.
Earn $1,500 to $9,600 for each qualifying employee!
Contact for
Free Consultation
How We Can Help
We handle the paperwork from beginning to end, to ensure you receive maximum benefit.
Federal Tax Credits
State Tax Credits
Accountant Assistance
Maximum Credits
Customer Support
Compliance
How It Works
Without professional assistance, the process can feel like jumping through hoops.
Employees must fill out a questionnaire and register with the state and federal programs to be certified for approval.
Employers have to obtain certification, too.
Employees need to be reported as employed by your company.
Number of hours worked and amount paid is required to be reported.
At the end of the year, a form must be given to your accountant to indicate that you are eligible for the credit.
We walk you through the steps so you can get all the credits you didn’t know you deserved.
Why Us
We are accountants with expertise in payroll. We are familiar with these available tax credits and have the know-how to make sure you get the full amount.
“Heshy is the expert you want handling your accounting. He is meticulous and he understands how the system works. I recommend him with no hesitation.”
Ben Fluner
“I’m so thankful for this opportunity to work with Swift Tax Credits. They help me take care of the paperwork to get tax savings I would never get on my own.”
Andrew Jake
Frequently Asked Questions
WOTC provides a tax credit for newly hired employees that employers can use to reduce the income tax they owe. The dollar amount varies between $1,500 and $9,600 for each qualifying employee, depending on why they qualify and how long they work.
For most employers, 10 to 20% of their existing workforce would have qualified, if only they had completed some simple WOTC paperwork at the time of hire.
Eligibility is based on an employee’s circumstances at the time of hire and prior to hire.
General target groups of eligible employees include:
- SNAP (Food Stamps) recipients
- TANF recipients
- Ex-felons
- Supplemental Security Income (SSI) recipients
- Veterans
- Vocational rehabilitation referrals
- Designated community residents (living in Empowerment Zones or Rural Renewal Counties)
- Hiring an employee of the specific target group
- The wages paid to that individual during his or her first year of employment
- The number of hours the individual has worked during his or her first year of employment
Are there any other hiring tax credits?
Yes, some states offer additional tax credits (which may be refundable). For more info, please contact one of our knowledgeable consultants.