Are you using tax credits to future-proof your staffing firm? Reducing your firm’s taxable income helps build resilience and support long-term success.
Strategic planning and sustainable practices can maximize your tax incentives over time. Staying informed about changes in tax laws and regulations helps attain these objectives.
Learn more about future-proofing your staffing firm with tax credits.
Work Opportunity Tax Credit
The Work Opportunity Tax Credit is extended through December 31, 2025, to encourage employers to hire workers in specific groups that face employment barriers:
Individuals who receive:
- Long-term family assistance
- Long-term unemployment benefits
- Supplemental Nutrition Assistance Program (SNAP) benefits
- Supplemental Social Security Income
- Temporary Assistance for Needy Families (TANF) benefits
- Formerly incarcerated individuals
- Qualified unemployed veterans, including veterans with disabilities
- Designated community residents living in Empowerment Zones or Rural Renewal Counties
- Individuals referred to vocational rehabilitation programs
- Summer youth employees living in Empowerment Zones
Methods to Stay Updated on Tax Law Changes
You can use the following methods to remain current on changes in tax laws and regulations that impact your staffing firm:
- Attend tax seminars and workshops run by industry professionals.
- Sign up to receive IRS announcements about tax law changes.
- Consult tax professionals who remain updated on tax laws and regulations and can provide personalized tax strategies and advice.
Partner with MJA & Associates
MJA & Associates can handle tax credit processing and management to help future-proof your staffing firm. Reach out to learn more today!
