HIRETech is (recently) a part of Equifax Workforce Solutions. HIREtech’s aim is to help bridge the gap between human resources, tax, and finance. HIREtech is partnered with APS to offer clients a source for identifying and recovering tax credits, unemployment claims management, and employment verification.
How it Works
– Work Opportunity Tax Credit (WOTC)
– Unemployment Cost (Claims) Management
– Income & Employment Verification
– Employer Retention Credit
How it Works
APS supports a manual export and a fully-automated integration to help clients collect and send the data needed to calculate tax credits to HIREtech.
The export is used to collect the retroactive data and it is automically send to HIREtech. The export is needed for every client with historical data, and it’s the only file type needed for the ERC credit. The ‘other wages’ column in the export would be any wages paid that do not fall into one of these categories:
– PTO/ Vacation
– COVID-Specific Unworked Wages
The integration is needed for all tax credits, except for the Employee Retention Credit which requires the export. Once the integration is enabled, data from finalized batches are sent to HIREtech. HIREtech calculates any tax credits, which are listed above. Once the calculation is completed, HIREtech sends the client a CSV containing any identified tax credits to the client. The IRS will pay the tax credits directly to the client.