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Think Tax Credits Are Just for Big Corporations? Think Again.

Did you know that tax credits are not just for big corporations? Many are designed to support small and mid-sized employers, especially in the staffing industry. Companies with the right process and guidance in place can access tax credits. Partnering with an experienced tax credit processing and management firm can help. Types of Businesses Eligible […]

WOTC 101: The Easiest Tax Credit Your Staffing Firm Isn’t Using

The Work Opportunity Tax Credit (WOTC) is likely the easiest tax credit your staffing firm is not using. This federal program offers $2,400 to $9,600 in tax credits per eligible hire in 10 target groups, including veterans, long-term unemployed, and Supplemental Nutrition Assistance Program recipients. Many states offer tax credit programs that can piggyback with […]

Understanding Tax Credit Timelines: Key Deadlines Staffing Agencies Shouldn’t Miss

Meeting tax credit deadlines is essential to capturing valuable savings. Two key credits, the Work Opportunity Tax Credit (WOTC) and the Empowerment Zone Employment Credit (EZEC), offer significant benefits to staffing agencies, but come with specific filing requirements and timelines. Both programs are currently extended through December 31, 2025, meaning timely filings can reduce taxable […]

State vs. Federal Tax Credits: Which Benefits Staffing Firms More?

Staffing firms might qualify for federal or state tax credits. Understanding which tax credits benefit staffing firms more helps determine which ones to apply for. Eligibility requirements differ for federal and state tax credits. Therefore, staffing firms that qualify for these credits should begin the application process today. Federal or State Hiring Credits Hiring and […]