Year-End Tax Credit Checklist for Staffing Firms
As the year draws to a close, staffing firms have an opportunity to optimize tax credit strategies and prepare for a financially successful 2025. Strategic year-end planning—focused on maximizing tax credits, organizing essential documentation, and setting clear goals—can significantly impact your bottom line. MJA & Associates specializes in helping staffing firms navigate these complexities, ensuring […]
The Simplest Way for Staffing Firms to Claim Tax Credits
Claiming tax credits can be particularly complex for staffing firms, given the mix of full-time, part-time, temporary, and temp-to-hire employees. The administrative effort required—managing detailed records, navigating eligibility criteria, and complying with multiple tax regulations—can overwhelm even the most organized staffing firms. But with MJA & Associates, the process becomes straightforward, allowing you to focus […]
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 […]
Why Staffing Firms Should Rely on Experts to Handle Tax Credit Filings
Claiming tax credits can provide significant financial benefits for staffing firms, but many firms miss out on these opportunities due to the complexities involved. Filing for tax credits is time-consuming and requires detailed recordkeeping, eligibility verification, and precise compliance with tax laws. For busy staffing firms, these requirements can be challenging to manage, resulting in […]
The Impact of Tax Law Changes on Staffing Firms and How to Adapt
Tax law changes impact your staffing firm. Examples in 2024 include proposed amendments to corporate tax rates, alterations in tax deductions and credits, and changes in depreciation rules. As a result, you must adapt to these changes to remain compliant. Tax law changes can affect your staffing firm’s tax strategies. For instance, a comprehensive review […]
Future-Proofing Your Business with Tax Credits
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 […]