Build Your Practice Revenue and Help your Clients at the Same Time
- Capture your firm’s share of the ever changing and fast-growing federal tax credits industry.
- Increase your revenue and margin per client with an automated solution.
- Clients look to their trusted tax advisors to deliver new ideas and value.
- We can identify substantial opportunities that can help you stand out from the competition.
Capture your firm’s share of the ever changing and fast-growing federal tax credits industry. Increase your revenue and margin per client with an automated solution. Clients are always looking to their CPAs to deliver new ideas and value. Introducing and executing a program that can generate substantial annual tax credits will help you stand out from the competition. It’s a tremendous value add for your clients and your firm.
TaxCreditWiz is on a mission to democratize access to tax credits. Our platform enables trusted tax advisors to help clients of any size to manage the WOTC process. From candidate surveys to verification and submission, we’re making tax credits easy. Our solution simplifies the WOTC process for you, so you can focus on growing your practice and helping your clients, all while staying focused on your core business. 
Your clients may have already hired eligible candidates without realizing it. Help them never miss a tax credit again with our easy-to-use software.
Your clients may already be hiring eligible candidates.
Help them never miss a tax credit again with our easy-to-use software.
Tax preparers are often asked by their clients, “what tax credits am I eligible for?”
What is the Work Opportunity Tax Credit (WOTC)?
The WOTC is a federal hiring incentive available to employers who hire individuals from designated groups—which include veterans, SNAP or SSI recipients, long term TANF recipients, and more. Tax credits range from $1,200 up to $9,600 depending on the group and hours worked (minimum 120 hours in the first year).
The Work Opportunity Tax Credit or WOTC is a federal hiring incentive available to organizations that hire individuals from certain targeted groups that face significant barriers to employment, including receipients of Supplemental Nutrition assistance (SNAP) veterans, individuals with disabilities, and long-term welfare recipients. Hiring these individuals can earn your clients Federal tax credits ranging from $1,200 up to to $9,600 per qualified hire. Our platform helps you navigate the process on your client’s behalf by screening candidates for eligibility and submitting applications to the appropriate states for qualified hires, saving you time and earning money for you and your clients.
Our Process
1
Online Candidate Screening & Verification
Who wants to track down IRS forms and navigate the lengthy and difficult-to-understand instructions? We’ve simplified and digitized the candidate screening process to maximize the number of completed applications. Never miss a tax credit opportunity again.
2
State and
Federal Validation
TaxCreditWiz automatically sends qualified new-hire data to state portals for confirmation and identifies approved candidates for year-end refund credits with the IRS.
3
File and Receive
Your Refund
Your CPA firm inputs wage data into our system. We fully populate the requisite forms.
Your CPA firm inputs wage data into our system. We fully populate the requisite forms.
4
The average small business could be eligible for thousands of dollars in tax credits.
For example, a business with 20 employees might hire 10 new individuals annually. If half of those hires qualify for the Work Opportunity Tax Credit (WOTC), the business could receive $10,000 or more in tax credits each year.
- The average small business could be eligible for thousands of dollars in tax credits.
- For example, a business with 20 employees might hire 10 new individuals annually. If half of those hires qualify for the Work Opportunity Tax Credit (WOTC), the business could receive $10,000 or more in tax credits each year.
- Easy-to-use platform saves time
- Seamless digital experience
- Automated workflows
- Integrated with state WOTC portals
- Analytics and insights
- Successful submission guarantee
How
We Help?
Due to the manual effort and heavy front-end costs involved, WOTC has been utilized primarily by larger companies using complex services.. However, small and mid size businesses are responsible for hiring a disproportionate share of individuals from the target groups that face significant barriers to employment. TaxCreditWiz is leveraging technology and automation to democratize access to this lucrative world of federally funded tax credits while saving your firm valuable time while earning money for you and your clients.
FAQs
TCW provides all the tools needed to seamlessly help your clients claim the Work Opportunity Tax Credit. As the facilitator of our tools, you would charge your clients accordingly for the work performed. We can provide you with suggested guidelines, but ultimately how you charge is up to you.
You manage the TCW portal, and set up individual client accounts. Each client will have access to their own accounts, where they will be able to enter in new candidates and hires. Our system automatically generates an email to the job seekers with a link to our WOTC screening questionnaire. If a candidate is eligible and is also hired, we take care of the hiring paperwork and submitting the claim to the state. When we hear back from the state, we will provide you with the necessary information for you to calculate the WOTC credit for your client. Our online tools will guide you in this process. Lastly, we will automatically generate the IRS Form 5884 for the client’s signature.
Setting up your first client is easy, and generally takes our trusted tax advisor partners about 15 minutes. The calculations will vary depending on the number of WOTC eligible hires and the type of hire, but our intuitive platform makes it easy.
Each eligible hire can generate up to $9,600 of tax credits to the client, with most credit hires resulting in eligibility for an amount between $2,000 and $4,000. For example if you have a client with 15 employees and a lot of turnover, they may hire 2 to 4 eligible people every year. The client may net an additional $10k+ of tax credits.
We charge a nominal annual fee to access our platform. Also, for each candidate that your clients submit to the state for WOTC approval, we charge a small fee. We provide you with an itemized list per client, so our trusted tax advisor partners can bill the cost of submission back to their clients.
- WOTC is a non-refundable general business credit that directly reduces federal income tax owed—dollar for dollar.
- Claimed via Form 5884 and passed through Form 3800 as part of the general business credit.
- Applies at the entity level (e.g., C-corp, S-corp, partnership) and can be carried back 1 year or forward up to 20 years if not fully used.
Yes. Once the state certifies the employee, we provide a completed Form 5884 to include with their return.
Just the qualified wages paid to certified employees—we’ll give you everything else needed for the return.
Yes—owners of scorps and partnerships can claim their share of the credit on their personal returns, based on K-1 allocations.
In some cases, yes—but not on the same wages. For example, wages used for WOTC can’t also be used for R&D credits.