News
June 2, 2016GTM Payroll Services Partners with HIRETech to Provide Work Opportunity Tax Credit Service to Businesses
GTM Payroll Services announced a strategic partnership with HIREtech to offer a Work Opportunity Tax Credit (WOTC) service to its clients.
The WOTC offers tax savings to businesses for hiring certain targeted groups such as food stamp recipients, veterans, and more. Employers can earn a tax credit of between $1,200 and $9,600 per employee, depending on the target group of the new employee and the number of hours worked in the first year. Businesses that are expanding or have frequent turnover can realize the most benefit from the WOTC.
“Many small to medium-sized businesses are not aware of the WOTC and/or are not equipped to handle the information gathering process,” said GTM’s Founder and CEO Guy Maddalone. “GTM looks for ways to help our clients ease work effort while growing their business. This partnership removes the burden of processing claims from our clients while allowing them to maximize the tax credits they’ve earned.”
GTM and HIREtech have completed an integration that allows GTM’s clients to have the tax credit screening process implemented seamlessly. Our partnership provides clients with more credits, outstanding service, and an innovative platform. Clients will have access to real-time data such as credits certified, pending credits, and year-to-date screening status. This data provides employers with real-time insights and analytics to assist in making important hiring decisions.
