CHARLOTTE, N.C., Jan. 27, 2016 /PRNewswire/ -- The iSolved Marketplace has launched a Work Opportunity Tax Credit (WOTC) processing service for its iSolved Certified Partners and customers. There are many federal and state employment tax credits available for employers today, however, claiming them can be complex and confusing, resulting in many going unclaimed. The new WOTC processing service allows iSolved customers to partner with an experienced firm to ensure they re-capture all of the credits due them. WOTC processing is the newest product to be offered within the Marketplace, a single storefront where Partners can shop for products and services that integrate with or augment the iSolved human capital management (HCM) platform. With almost 1.7 million employees and over 50,000 employers now committed to the iSolved technology, the Marketplace provides important and powerful add-ons to the core HR, payroll, benefit and time functions of the cloud-based HCM platform.
iSolved serves small-to-mid-sized employers and is offered through a network of Certified Partners. Unlike other human capital management providers, iSolved Certified Partners are your neighborhood elite payroll service bureaus who offer white glove service on top of the comprehensive and robust iSolved technology. The newest offering of Work Opportunity Tax Credit processing adds tax credits directly to the bottom lines of employers who hire qualified employees within targeted groups. Offered by HKP, this Marketplace offering helps businesses who might otherwise not know about these credits or do not have the tools or time to properly obtain the available benefits. In the last five years, HKP has assisted in recouping more than $84 million in these tax credits.
"The WOTC processing program is a great example of the dynamic resources we are featuring in the iSolved Marketplace. The innovative bolt-on products help make iSolved even more powerful and versatile for our Certified Partners and their customers," said Todd LaFever, President and Chief Product Officer of the iSolved Network. "Stay tuned as we continue to expand the Marketplace and spotlight more of these very useful and interesting compatible products and services."
About iSolved Network
The iSolved Network allows elite, high-growth payroll service providers using the cloud-based iSolved human capital management technology to deliver a complete set of workforce solutions to small and medium-sized businesses. Launched in the summer of 2014, the iSolved Network has experienced rapid growth and now has almost 1.7 million employees committed to the technology. The iSolved solution delivers a comprehensive approach to workforce management; offering payroll, onboarding, human resources, time and labor tracking and benefit enrollment from within the same solution. For more information on the iSolved Marketplace, visit http://www.isolvedmarketplace.com.
HKP is the HCM affiliate of Honkamp Krueger (HK), a firm that was established in 1947. It is one of the Top 100 CPA and Business Consulting Firms in the country and the fastest growing Top 100 Firm in the Midwest. The organization has been processing tax credits since 2003 and provides direct contact with state and federal representatives. They also participate in influential lobbying for the Work Opportunity Tax Credit (WOTC).
SOURCE iSolved Network