The Work Opportunity Tax Credit (WOTC) is a federal incentive program that encourages employers to hire individuals from targeted groups who historically faced employment barriers.
Tax credits range from $1,200 to $9,600 per eligible new hire.
On average, 20% of new hires are eligible for the program.
WOTC represents a permanent reduction in income tax, directly reducing a business’s effective tax liability.
In order to capture these credits, a business needs to apply within the first 28 days of a new employee’s start date, which makes WOTC credits often a function of a company’s HR department, rather than an accounting department.
Our profitability is tied with yours. We work off 100% success fees which means we are motivated to find the maximum credits your business can qualify for.
In the unlikely event that your credit is ever contested, the OnCentive team will defend our work and will fully refund any credits that are disallowed.
Our comprehensive reporting explains the credit your company received, the calculations for what was determined, and the proof for the money you get back.
Our leadership has over 100 years of combined tax experience. With $1.5 billion in incentives captured and $0 returned to the IRS, you are in good hands with OnCentive.
To cut down on your waiting time, simply book your appointment online.
SyncStream's Work Opportunity Tax Credit service is powered by their parent company, OnCentive. The integrated service allows OnCentive to screen SyncStream clients’ new employees for WOTC eligibility and manage proper documentation, filing, and certification. OnCentive’s technology integrates directly with State Workforce Agencies, offering higher compliance and faster turnaround time for clients’ credits getting certified.
How OnCentive Helps You Leverage WOTC To Increase Profitability
OnCentive team makes capturing these WOTC credits simple and convenient.
We verify every new hire for eligibility. Our team manages collecting the proper documentation and follow up information from your employees.
OnCentive tailors our process to integrate with your current hiring processes and systems.
HR departments love OnCentive because of our customized approach to WOTC integration. Our WOTC experts work with your internal team to fit within your current processes.
OnCentive helps you receive the maximum credit available by increasing compliance.
OnCentive’s technology integrates directly within the states' WOTC departments. This ensures a higher compliance and faster turnaround time for your credits getting certified.
In some industries up to 60% of new hires qualify.
If you have 50 new hires and up to 25% of the new hires qualify then there could be a credit up to
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SyncStream Solutions, LLC is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities.
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