As the payroll processing service for thousands of clients across the nation, we understand the demands of numerous industries and can help with all of your payment and tax management needs.
The Work Opportunity Tax Credit (WOTC) is a Federal Tax Credit Program available to employers who hire individuals from eligible target groups. Each year, employers claim over $1 billion in tax credits under the WOTC program. Employers can earn a tax credit of between $1,200 and $9,600 per eligible employee.
The Employee Retention Credit (ERC) is part of the CARES Act. It is a fully refundable tax credit that incentivizes employers for retaining staff throughout the COVID-19 pandemic by providing specific tax relief. Businesses can claim up to $5,000 in refundable tax credits for each employee on their payroll in 2020 and up to a $7,000 credit per quarter (excluding Q4) for each employee in 2021.
AllianceHCM provides a resource that can centrally manage all your payment options, including:
With any payment option you choose, your employees will have anytime access to pay, tax, and account information through the Alliance Employee Self-Service mobile app.
Improve recruitment, retention, and productivity with Alliance’s on-demand payroll services. Give your employees more say in when they are paid rather than waiting for the standard payday. Not having to wait for payday helps employees better manage their finances and provides for less stress over the timing of bills and payments.
Our on-demand payroll solution can also be used as a recruiting and differentiation tool, since instant pay access is not a benefit all companies extend. Offering on-demand payments to employees also helps with retention because of the convenience of quick access payments.
On-demand payments are not loans, but a self-serve way for your employees to get early access to their earned wages. Here are a few of the benefits:
Wage garnishments are common, complicated, and can result in severe consequences if mishandled. Alliance’s payroll processing service can provide relief though our expert guidance, taking the stress out of compliance with complex legal requirements and allowing you to more easily focus on your business.
Here’s what we do for our clients:
AllianceHCM’s expense management puts simplicity and automation at the center of its usability by allowing your employees to submit from multiple devices, your managers to approve expense reports, and payroll administrators to deploy reimbursements with ease through the AllianceHCM Payroll platform.
Take AllianceHCM payroll and tax solutions for a spin today and see for yourself why our clients are so satisfied with our human resources solutions and service.
Before you go, check out our latest e-book
Important Aspects About WOTC and ERC Explained