Work Opportunity Tax Credits (WOTC) Service
Available Through MidwestHR
MidwestHR, LLC is proud to announce that we have a new strategic partner, MJA & Associates, to help our clients obtain available tax incentives through the Work Opportunity Tax Credit program.
MJA & Associates is a contingency based tax credit processing firm that was founded in 2002. For over 15 years they have helped companies save millions of dollars by reducing their tax liability.
This Government tax incentive, the Work Opportunity Tax Credit (WOTC), can reduce your federal tax liability and increase your profits. The WOTC is designed to create new jobs and offers tax credits to companies that hire individuals from these certain target groups.
The tax credits range from $2,400 to $9,600 for each qualified employee!
The tax credits are a dollar for dollar tax credit against your federal tax liability. This reduces your corporate tax owed to the IRS and significantly increases your profits. The IRS also allows you to carry the tax credits forward for up to 20 years, so if you have more credit than tax, you can apply the credits towards future tax years.
There are no limits to the amount of tax credits that your company can earn.
Many companies do not take advantage of these tax incentives and leave thousands of dollars on the table every year. MJA & Associates offers full tax credit processing. With their services they can help identify qualified employees, research the required documents to verify eligibility, submit applications to Department of Labor, and administer the entire program. These services are offered on a contingency basis, so there are no fees until your company has earned the tax credits.
The tax program is time sensitive. The Department of Labor requires the applications to be submitted within 28 days of the employee’s hire date. To take advantage of these valuable tax credits you will want to start the program right away, so your company can earn the maximum tax credits.
To learn more about the WOTC processing service and how to add it to your current MidwestHR offering:
- Watch Our Webinar: CLICK HERE TO VIEW
- Call Charmaine Hollaway at MidwestHR at (630) 755-2107 or via e-mail at [email protected]
WOTC service integration is offered for no start up cost or additional administrative fees by MidwestHR.
MJA & Associates is a contingency based service.