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 […]
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 […]
Year-End Tax Credit Checklist for Staffing Firms
As the year draws to a close, staffing firms have an opportunity to optimize tax credit strategies and prepare for a financially successful 2025. Strategic year-end planning—focused on maximizing tax credits, organizing essential documentation, and setting clear goals—can significantly impact your bottom line. MJA & Associates specializes in helping staffing firms navigate these complexities, ensuring […]
The Simplest Way for Staffing Firms to Claim Tax Credits
Claiming tax credits can be particularly complex for staffing firms, given the mix of full-time, part-time, temporary, and temp-to-hire employees. The administrative effort required—managing detailed records, navigating eligibility criteria, and complying with multiple tax regulations—can overwhelm even the most organized staffing firms. But with MJA & Associates, the process becomes straightforward, allowing you to focus […]
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 […]
Future-Proofing Your Business with Tax Credits
Are you using tax credits to future-proof your staffing firm? Reducing your firm’s taxable income helps build resilience and support long-term success. Strategic planning and sustainable practices can maximize your tax incentives over time. Staying informed about changes in tax laws and regulations helps attain these objectives. Learn more about future-proofing your staffing firm with […]