Since 1998, R. Jeffrey Tax Credits has been at the forefront of securing tax benefits for businesses, pioneering with the Work Opportunity Tax Credit (WOTC) long before expanding into other areas like the Employee Retention Credit (ERC) in 2005. As the landscape of tax incentives evolves, so do we, adapting our expertise to the most relevant opportunities for our clients. Now, as the ERC program sunsets, we are redoubling our focus on WOTC, leveraging decades of experience to navigate its complexities and secure maximum benefits for you.
Are you getting all the tax credits you can for your business?
You’ve come to the right place to find out!
Our Commitment: Excellence and Dedication
Securing a tax credit or refund check for your organization requires the same dedication and excellence as training for a marathon. Our founder, Jeff Newcorn, embodies this spirit, both in leading our business and in his personal achievements. Jeff has completed a marathon in every state, demonstrating the passion and energy that R. Jeffrey Tax Credits brings to every client engagement.
Jeff Newcorn (Founder)
IRS ERC Moratorium Update: Standing By You
As the IRS adjusts processing times under its recent moratorium, our message to you remains one of assurance. R. Jeffrey Tax Credits holds detailed documentation for all eligibility periods and wage calculations, ensuring your claims withstand any level of scrutiny. Our unwavering support during the IRS review process means we’re always ready to prove eligibility and wage accuracy, with guarantees for the veracity of your submissions.
Navigating Changes Together
We understand the importance of timely and accurate filing, especially now. Our team is prepared to guide you through the filing process, ensuring your claims are submitted without delay. With the April 2025 deadline for 2021 claims approaching, our priority is your peace of mind and success.
R. Jeffrey Tax Credits is more than a service provider; we are your partner in navigating the complexities of tax credits. Our dedication to excellence, combined with our extensive experience, positions us to secure the best outcomes for your business.
IRS ERC Moratorium Update (August 2024):
The IRS released Notice 2024-203 on August 8, 2024. The headline reads: IRS moves forward with Employee Retention Credit claims. Two important excerpts from the Notice say:
- Additional payments for 50,000 valid claims moving into processing; more in the fall
- As the agency moves forward, it will now start judiciously processing claims filed between Sept. 14, 2023, and Jan. 31, 2024.
Work Opportunity Tax Credit (WOTC) and Employee Retention Credit (ERC) Facts
WOTC
Your company could generate between $5,000 – $10,000 in tax credits per 100 hires.
WOTC screening can be completed online, offering significant efficiencies versus phone-in systems. Easily integrated with most onboarding software. We also offer paper screening.
Easy to integrate into onboarding systems. Also, easy to integrate into your payroll system with an automatic data feed.
ERC
ERC applies to businesses or organizations with a significant decline in revenues, or a business that operated at a reduced capacity due to a government-mandated full or partial closure.
Different credit rules apply to companies who have 100 or fewer full-time employees, compared to those with 101-500 full-time employees.
If your company acted on their ERC prior to 4/15/24, it could generate up to $26,000 in refundable payroll tax credits per employee.
Businesses that file now for 2021 quarters will be eligible for a credit up to $21,000 per employee because they are past the deadline for filing 2020, which was 4/15/24. The maximum credit per employee for 2020 was $5,000.
Why Partner with R. Jeffrey Tax Credits?
- Hassle-Free Administration
We take the burden of administration off your shoulders. From the initial application to final submission, our team handles all the paperwork, compliance, and follow-ups. Our goal is to let you focus on what you do best — running your business. - Proactive Reminders
Our structured process includes regular reminders throughout the tax credit application cycle. These timely prompts ensure that you’re always on track and that no deadline is missed, safeguarding your potential benefits. - Timely Submission
We prioritize the punctuality of your applications. Our team works diligently to ensure that all your information is submitted on time, maximizing your chances for successful tax credit claims. - Comprehensive Reporting
Transparency is key to trust and confidence. We provide detailed reporting that outlines every aspect of your refunds and tax credits. These reports not only support your financial planning but also offer insights into the process, making it easier for you to understand where and how benefits are realized.
Contact Us with Confidence
Have questions or need guidance on your WOTC claims? Reach out to us. We’re here to help and will continue to provide updates and insights into tax credit opportunities.
