For years, vendor services for the Work Opportunity Tax Credit (WOTC) program has had very little innovation and a stagnant pricing approach. Clients typically pay either a contingency based or per certification fee for a vendor to manage its WOTC program.
However, Walton is offering something unique to the tax credit marketplace — the WOTC program as a subscription service. This flexible offering, which allows employers the option of taking an entire WOTC program in-house (with up to a 50% reduction in fees) or pursuing a “hybrid” model, in which the client only handles a couple easy-to-use workflows in-house, are now options for our clients. While all businesses can benefit, companies who hire more than 10,000 people per year and who perform their WOTC screening online can see significant costs and savings benefits. This is a major change to the WOTC industry and something all employers should consider. Continue reading “Work Opportunity Tax Credit (WOTC) Subscription Service”