Tax Credits

TAXADVANTAGE

Maximize your bottom line with tax credits for hiring and retaining employees

Get rewarded for doing the right thing

Tax credits provide incentives for employers that cultivate a more diverse workforce and retain employees during challenging times. Trusaic TaxAdvantage^® helps you identify opportunities for the following types of tax credits:

Work Opportunity Tax Credit

Federal Empowerment Zones

Federal Disaster Zones Retention Credit

Employee Retention Credit

Never miss a savings opportunity

We perform a comprehensive analysis of your HR data to determine which tax credits you qualify for and review it alongside other factors such as PPP loan forgiveness to maximize your opportunity while minimizing your risk for an IRS audit.

Keep up with changing legislation

Our experts in tax, regulatory compliance, and data analysis stay on top of the constant compliance changes as well as identify new tax credit opportunities so you don’t have to.

Extending your team

We’ve helped clients discover over $350 million in tax credits by working side by side with them to:

Determine qualification
Estimate potential refunds
Prepare all supporting documentation for qualification
Prepare documentation to claim tax credit and amend tax returns if necessary
Provide comprehensive assistance in the event of an audit

Frequently asked questions

What is the Work Opportunity Tax Credit (WOTC)? Expand

The Work Opportunity Tax Credit is a federal tax credit available to employers who hire individuals from specific target groups who have consistently faced significant barriers to employment.

What kinds of businesses are eligible for the WOTC? Expand

Any business can earn tax credits by hiring individuals who fit one of the program’s target groups, such as veterans, disabled persons, and persons receiving government assistance.

My recruiting staff is already stretched thin – can my company take advantage of tax credits without adjusting our hiring process? Expand

Trusaic provides a seamless solution for employers, candidates, and new hires so that you can ensure full compliance and easy tax credit certification without additional administrative burden.

How do I know tax credits are worth the time and investment? Expand

Trusaic’s risk-free contingency model pricing ensures you only pay when you receive certification of your tax credits.

What is the Employee Retention Tax Credit? Expand

An Employee Retention Tax Credit under the Coronavirus Aid, Relief and Economic Security (CARES) Act provides tax credits to employers that retain employees during the 2021/2021 period. Companies that have experienced business disruption in 2020/2021 are incentivized to retain employees with a per-employee tax credit.

What is the Federal Empowerment Zone (FEZ) tax credit? Expand

This credit is an incentive to hire workers who live and work in areas designated by the federal government as needing business investment.

What is the Federal Disaster Zone tax credit? Expand

This is a retention credit for retaining employees that live or work in designated disaster areas based on specific locations or dates after a recently declared federal disaster.