How Staffing Agencies Can Earn $9,600 Per Hire Legally
Staffing agencies can earn $9,600 per hire through the Work Opportunity Tax Credit (WOTC). Hiring employees from specific groups that historically have faced barriers to employment reduces tax liabilities. Many staffing agencies unknowingly place eligible employees and lose out on the WOTC. Partnering with an experienced tax credit processing firm ensures agencies take advantage of […]
DIY Tax Credits Could Be Costing Your Staffing Agency Thousands
DIY tax credits could be costing your staffing agency thousands of dollars. Trying to manage tax credits in-house comes with hidden risks, from missing eligibility to noncompliant filings. Most staffing agencies lack the time and systems in place to accurately claim credits. Expert help can reduce risk and burden and increase ROI. Work Opportunity Tax […]
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 […]
Are You One of the Many Staffing Firms Overlooking These Tax Credits?
Are you taking advantage of federal and state tax credits to benefit your staffing firm? If not, you are missing out on opportunities to increase your firm’s tax savings and bottom line. Most staffing firm leaders do not take advantage of tax credits for these reasons: A lack of expertise or tracking does not mean […]
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 […]
Why Staffing Firms Should Rely on Experts to Handle Tax Credit Filings
Claiming tax credits can provide significant financial benefits for staffing firms, but many firms miss out on these opportunities due to the complexities involved. Filing for tax credits is time-consuming and requires detailed recordkeeping, eligibility verification, and precise compliance with tax laws. For busy staffing firms, these requirements can be challenging to manage, resulting in […]