History of the WOTC Program

About the WOTC program: The Work Opportunity Tax Credit program (WOTC) was introduced on October 1, 1996 to provide tax incentives for employers who hire individuals from specific target groups. People from these target groups have been identified by the U.S. government as having historically high unemployment rates. Through WOTC, employers can earn a tax […]

BEHIND THE SCENES AT MCM: How WOTC was renewed through 2019, what it means and how McKenzie Chase played an important role

Companies benefiting from WOTC savings have always been frustrated by the inability of Congress to pass WOTC for more than a year or two at a time, usually well after its official sunset.  Although WOTC has now been around for more than 20 years since the first legislation took effect on October 1, 1996, it […]

Tax Credits are a Partnership between Agencies

The WOTC is a partnership between two agencies, the IRS and the Department of Labor. It’s a hiring credit, it’s an incentive to hire people who have structural unemployment. They have historically high unemployment rates. Because qualifying for tax credit often involves two government agencies there are additional regulations and procedures involved. The certifying agencies, […]

FAQ – Payroll

How does it work? To begin the payroll process, we will consult with your IT department or payroll company to establish a file layout and protocol for each payroll period. Then we use your payroll data to determine whether your hires fulfill the necessary hourly work requirements that qualifies them for WOTC tax credits. We […]

FAQ – Online WOTC Screening

What are the benefits of using your online system? These are just a few benefits of switching to our online system: Provides one convenient location for all necessary forms, which are kept up-to-date. All submitted surveys provide a verification code, which can help you track which employees have completed the necessary forms. This online system […]