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Maximizing Tax Credits for Grocers & Distributors

OnCentive can help evaluate your business' eligibility for federal, state, and local programs,  and ensure compliance to unlock millions in potential savings.

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Eligibility Assessment

ERC ASSESSMENT

Grocers and distributors miss out on billions of dollars in potential tax credits and incentives by failing to thoroughly evaluate their eligibility for all available federal, state, and local programs. These credits can significantly benefit employers, as they may qualify for multiple credits that can be "stacked," or used in conjunction with each other. However, it is important to ensure compliance when claiming these credits, as failure to screen applicants within the correct timeframe, file within the proper period, or properly complete forms can result in missed opportunities. 


Additionally, it is important to have a comprehensive approach to claiming credits, as using multiple providers for different credits can lead to non-compliant claims. Using a single provider to screen for all available credits can maximize benefits and ensure compliance, as it allows for the identification of the most lucrative credits for the business.

150+ Years

Credit Experience

$3 Billion

Captured Credits

100%

Audit Protection

OnCentive specializes in providing consulting services for tax credits and incentives to optimize value for our clients. Our team of professionals utilizes comprehensive data analysis and a wealth of industry experience to deliver premium client service. Led by pioneers of the tax credit industry, our executive team is committed to providing the highest level of service and achieving maximum results for our clients.

Meet Our Team of Experts

Comprehensive credit analysis of all clients includes:

Work Opportunity Tax Credits (WOTC)

COVID-19 Employee Retention Credits (ERC)

Hiring & Job Creation Creations

Research & Development Credits

Solar & Energy Credits

Negotiated Incentives

Disaster Recovery Credits

Maximize Your COVID-19

Employee Retention Tax Credit

ERC can be worth up to $26,000 per W-2 employee retained during the pandemic.

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The Employee Retention Tax Credit (ERC) is a refundable tax credit that encourages businesses to keep employees on their payroll.

It’s worth up to $5,000 per employee in 2020 and up to $7,000 per employee per quarter (for the first three quarters) in 2021, for a max credit of $26,000 per employee.

Thousands of hard-working business owners trust OnCentive experts to maximize their Employee Retention Credit because:

  • 150+ years of combined tax experience
  • No upfront financial risk
  • Sleep at night audit protection
  • Fees are 100% success based
  • Fast Funding option through trusted OnCentive partner


Fast Funding

Through our trusted funding partner, you can receive your ERC in weeks versus waiting months on the IRS. 

Pay When You Get Paid

OnCentive works on success-based fees which means you pay only once you receive your credits. 

Full Service Processing

With our platform, you’ll save time when you most need it, while serving your customers. 

ERC Case Studies

Turn Your HR Into a Profit Center

WORK OPPORTUNITY TAX CREDIT

WOTC can be worth up to $9,600 per eligible new hire

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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, worth up to $9,600 per eligible new hire.

$9,600

maximum credit amount

20%

average % of  WOTC eligible new hires

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.

Use Against Income Tax

You can match the credit against your income tax liability dollar for dollar.

Growth Through Incentives

Help your business grow as there is no cap on the number of eligible individuals you hire.

Carries Forward for Future Growth

The tax credit carries forward for 20 years and you receive incentives every year you hire eligible individuals.

TARGET GROUPS:

WORK OPPORTUNITY TAX CREDIT

  • Unemployed & disabled veterans
  • TANF (Temporary Assistance for Needy Families)
  • SNAP (Food Stamp) recipients
  • Vocational rehabilitation referral
  • Long-term unemployed
  • Ex-felons
  • Summer youth employee
  • Supplemental security income recipients
  • Designated community residents (living in Empowerment Zones or Rural Renewal Counties)

$1,200

average WOTC credit amount

28 DAYS

to capture & certify WOTC credit

Hire Heroes USA is a nonprofit that provides free career services to service members, veterans and military spouses who are seeking jobs in the civilian workforce.

OnCentive donates 1% of annual profits generated from

clients claiming the Work Opportunity Tax Credit to Hire Heroes USA.

Learn More About Our Partnership

Profitability Platform: Advanced Tax Credit Technology

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.


WOTC Case Studies

WOTC CASE STUDY:

GROCERY STORE

A grocery store has 1,000 new hires, and 25% of the new hires qualify. With the average credit per eligible new hire of $2,400, WOTC could result in a $600,000 credit to the staffing firm.


$600,000

in WOTC credits

$3 Billion

in tax credit claims for clients

$0 Returned

to the IRS

100%

success-based fees

WOTC FAQs

  • How do I claim my WOTC credit?

    An eligible employer must file Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity Tax Credit, with their respective state workforce agency within 28 days after the eligible new hire begins work.

  • For which tax years can the credit be applied?

    Employers may claim the Work Opportunity Tax Credit for a total of two years. Employers who do not take the full credit amount because of the tax liability limitation may carry back one year or forward 20 years.

  • When should the WOTC form be completed?

    By law, this form must be completed “on or before the day” you offer them a job. Many companies conduct this screening on the same day employees fill out their other new-hire paperwork. It cannot be completed later.

  • What is the minimum length of employment to claim credits?

    The WOTC amount an employer claims depends on the number of hours the employee works. All new employees must work a minimum of 120 or 400 hours. The credit is 25% of qualified first-year wages (up to $6,000) for those employed at least 120 hours but fewer than 400 hours, and 40% for those employed 400 hours or more.

  • Can I carry forward tax credits not used?

    Yes, WOTC tax credits rules are the same as general business credits. You can carry forward unused tax credits for up to twenty (20) years & back one (1) year.

  • Is WOTC a permanent tax credit?

    As of now, the Work Opportunity Tax Credit program is in effect till December 31st, 2025.



Talk to a Tax Credit Expert

OnCentive can help you capture lucrative tax credits.


A 15-minute call can increase your company’s profitability.


Schedule a Call
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