Are you curious about tax credits for your business?

You’ve come to the right place!

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Facts about the Work Opportunity Tax Credit (WOTC) and the Employee Retention Credit (ERC)

WOTC

  • 10-15% of the employees your company hires can qualify your business for WOTC, a Federal Income Tax credit
  • Your company could generate between $5,000 – $10,000 in tax credits per 100 hires
  • WOTC can be completed online, offering significant efficiencies versus phone-in systems. Easily integrated with most onboarding software
  • We offer paper screening to those businesses that do not have access to a computer for screening
  • We can customize your online system in most languages
  • Any payroll system can include an automatic payroll data feed option
  • Not-For-Profit companies can participate in offsetting their employer match contribution

ERC

  • The Employee Retention Credit (ERC) is an incentive created in March of 2020 to offer financial help to businesses significantly impacted due to COVID and who retained people on their payroll
  • ERC applies to businesses with a significant decline in business revenues, or a business that operated at a reduced capacity due to a government-mandated closure
  • Different credit rules apply to companies who have 100 or fewer full-time employees, compared to those with 101-500 full-time employees
  • Your company could generate between $5,000 – $33,000 in refundable payroll tax credits per employee

Why work with R. Jeffrey & Associates, Inc.?

  • We handle the WOTC survey/screening for our clients
  • We follow up to make sure surveys are submitted on time
  • We track all submissions to all WOTC offices
  • We do all the calculations for your business
  • We provide reports to our clients and their CPA showing tax credit results
  • We offer customized start up training
  • We send follow up reminders to keep our clients in compliance with WOTC
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