Understanding Tax Credit Timelines: Key Deadlines Staffing Agencies Shouldn’t Miss

Meeting tax credit deadlines is essential to capturing valuable savings. Two key credits, the Work Opportunity Tax Credit (WOTC) and the Empowerment Zone Employment Credit (EZEC), offer significant benefits to staffing agencies, but come with specific filing requirements and timelines. Both programs are currently extended through December 31, 2025, meaning timely filings can reduce taxable […]

Understanding the Empowerment Zone Employment Credit (EZEC)

An Empowerment Zone is a specific geographic area with high unemployment levels and poverty. Staffing agencies within these Zones are incentivized to employ residents and claim the Employment Zone Employment Credit (EZEC). The tax credit equals 20% of the first $15,000 of wages paid to eligible employees who live and work within the zone. The […]