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Staffing companies are entitled to federal hiring tax credits and many staffing companies take advantage of these incentives. However, few, if any, maximize the opportunity. The federal hiring credits are demographically and geographically based, and there are ways to maximize tax credits for the staffing company. TaxBreak screens applicants and hiring locations to give the staffing company input in hiring and placement decisions so that the staffing company can maximize its credits. After the staffing company has utilized the tax credits, TaxBreak's reseller program lets the staffing company generate these same credits for its clients. A Referral Partnership with TaxBreak allows both the staffing company and its clients to take advantage of this capital recovery company's proprietary, leading-edge technology and years of experience which researches/identifies/processes federal and state tax credits, government incentive programs and other expense reduction and capital recovery opportunities. This partnership will generate recurring revenue streams that will improve the financial performance of clients while adding value to your offering with a return on investment (ROI) that will make your services an easy "YES" for new prospects and give you a strategic advantage that differentiates your staffing company from others.
Benefits to Staffing Company
- Tax credit benefits while the employee is on the staffing company payroll
- Client retention
- Gain access
- Cost justification
- Generate additional revenue
- Protection against predatory marketing
- Feedback of client's hiring activity through compliance reports
- Service to provide to clients
Benefits to Staffing Client
- Decrease tax payments
- Increase cash flow
- High ROI service
- Fees are paid only if benefits are earned
- Cost justification for using services of a staffing company
Most tax credit service products are time consuming and difficult to administer. They utilize a phone bank where each applicant has a 5-7 minute phone call in which the hiring manager has to get on the phone or use a manual process. If the new hire qualifies for a tax credit, the manager must pull shelf forms, have the new hire complete them and, then, send them to the provider.
TaxBreak's screening methods eliminate up to 86% of the paperwork and give the ability to target credit-eligible applicants in the hiring process. TaxBreak offers several processing options to coordinate with current hiring practices which can turn Human Resources Departments into profit centers. TaxBreak uses one short form to initially screen job applicants or new hires and provides all pre-filled necessary forms for the new hire to sign. The process takes 2 minutes per applicant and multiple applicants can be screened at the same time. TaxBreak works on a contingency fee basis; so, there is no financial risk to TaxBreak's clients.
TaxBreak will enable your company to stay competitive, offer an advanced value-added product, retain clients, gain access, justify costs and generate additional revenue and, at the same time provide tremendous benefits to your clients. Our experience and expertise, coupled with our technology, enable us to provide clients with unparalleled service.
Contact us at (888) 291-1938 ext.16 if you are interested in TaxBreak's Referral Program.
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