Affiliate Work Opportunity Tax Partner
Under current tax law, the federal government allows businesses to take advantage of a number of potentially significant tax credits. Often, however, businesses fail to capitalize on these credits due to the substantial amount of paperwork and number of hours involved in processing the information or simply a lack of knowledge regarding the existence of the credits. Our affiliate partner is here to help.
In addition to other local, state and federal credits a business may qualify for, depending upon its specific location and industry, our affiliate partner aids clients in the processing of Renewal Community and Empowerment Zone Credits (RC/EZ) and the Gulf Opportunity (GO) Zone credits, where applicable, and Work Opportunity Tax Credits (WOTC), for which all businesses are eligible. These credits are federally legislated initiatives to help rehabilitate old neighborhoods, encourage employers to hire the disadvantaged, and to rebuild areas devastated by disastrous hurricanes.
- RC/EZ credits can offer potential benefits of up to $1,500 or $3,000, respectively, per qualified employee.
- GO Zone credits can offer potential benefits of up to $2,400 per qualified employee.
- WOTC credits can offer up to $2,400 - and in certain special cases $9,000 - per qualifying employee.
Our affiliate partner provides the tax expertise and processing procedures that help our clients collect these valuable credits. They have no business outside the tax credit arena, so they can devote all their time to the successful collection of these credits.
Specifically, our affiliate partner
- Provides customized forms for completion by newly hired employees
- Maximizes qualified credits
- Files appropriate forms with state workforce agencies
- Retains documentation to support clients’ credits
- Maintains complete confidentiality of business employees' information
- Provides business's tax preparer with completed IRS forms at year end