Tax Credit Management Services
Our tax credit services create value and increase efficiency in streamlined and effective ways.
Experian Employer Services is your partner in strategic and compliant tax credit management. We handle the following tax credits on your behalf to maximize your possible return and improve your bottom line:
- Work Opportunity Tax Credit (WOTC)
- Employee Retention Tax Credit (ERC)
- Research and Development Tax Credit (R&D)
- Disaster Zone Tax Credit
- Family Medical Leave Act Tax Credit
Work Opportunity Tax Credit
Outsource WOTC management to claim uncaptured WOTC benefits. Shift the burden of research, administration and compliance processes away from your team. Streamline the pre-employment screening to maintain compliance and reduce friction during the job application process. Our smart, online WOTC survey combines both 8850 and 9061 forms to elevate the user experience and simplify the process. Our team takes charge of WOTC management at every stage of the process - including submission, reporting, audit preparations and credit forecasts to increase your organization’s eligibility while achieving maximum efficiency, security and compliance.
CARES Act ERC
Take advantage of one of the most extensive disaster zone tax credit programs for businesses and add thousands of dollars to your bottom line. The Employee Retention Tax Credit (ERC) under the CARES Act helps provide financial relief to employers impacted by the COVID-19 pandemic. Established by the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act, this act incentivized eligible employers to retain employees on their payroll to weather the economic crisis caused by the pandemic. Let us handle your claim to maximize eligibility while reducing your resources dedicated to it.
With a tax credit service like Experian Employer Services, you can determine whether you meet the eligibility requirements to claim this credit. We implement innovative technology to reduce your workload so you and your team can focus on more important tasks while we help you get the financial relief you need.
Disaster Zone Tax Credits
Disaster relief tax credits help employers get back on their feet after qualifying disasters, such as wildfires, hurricanes, and earthquakes, render their locations inoperable. At Experian, our tax credit management team can help you claim relevant disaster relief tax credits to get your team back on track. If your organization is in a qualifying disaster zone, we can help you through each step of the claim process. You may be eligible for disaster zone tax credits, including the Employee Retention Tax Credit (ERTC), Paid Sick and Family Leave Credits, and similar credits.
Family Medical Leave Act Tax Credit
If you’re an employer who provides family and medical leave to your employees, you may be eligible for the Family Medical Leave Act (FMLA) Tax Credit. This tax credit is equal to a percentage of wages you pay to eligible employees who take time off for family and medical leave. Our suite of tools makes it easy to determine the eligibility requirements and fill out the necessary paperwork to receive the FMLA tax credit. With our tax credit management services on your side, applying for tax credits that can improve your ROI and protect your bottom line is easy.
Research and Development Tax Credit
The R&D tax credit has changed significantly over the years. The R&D tax credit currently allows companies to claim tax credits for research and development dollars spent on in-house wages, contractors, and materials related to R&D, qualifying your business for reductions to current and future tax liabilities. With R&D tax credits, you can hire new staff, design new products, improve existing products and extend operations. However, frequently changing tax regulations are difficult for any accounting department to accurately track. Fortunately, you don’t have to attempt the process yourself. Experian Employer Services has years of experience helping companies take advantage of tax benefits to help you receive your full R&D credits.
Benefit from other tax credits and incentives
You shouldn’t stop at WOTC, Disaster Zone and R&D credits. With our professional management, tax credits and incentives provided through state and federal programs can benefit your business, including Sales and Use Tax Incentives, 179D Tax Reduction, Cost Segregation and many others.
Technology-powered tax credits management
We left manual labor in the past. Are you with us? Our tax credits and incentives processes are powered by the latest tax management technology and tools, enabling our analysts to work faster and more efficiently. Our software and integrations eliminate clerical errors, increase state and federal compliance and ensure a highly secure data environment.
Explore Related Services with Experian
At Experian, we offer full-service workforce management services to help you and your organization improve both your employee experience and bottom line. In addition to tax credit services, you can benefit from some of our related services below:
I-9 Administration
Automate Form I-9 verification with our solution to improve workflow and efficiency. By replacing manual procedures, you can reduce mistakes like missing data while staying on track to submit I-9 Forms by the relevant deadlines.
Verification Fulfillment Services
Create a strong team by automating income and employment verification for your employees. Fast verification fulfillment is an important way businesses support their employees during big life events to show value while eliminating the burden on internal resources.
Year-End Payroll Reports & Tax Statements
Tax season can be overwhelming. Let Experian take away the hassle by helping you and your team improve overall productivity and streamline your year-end payroll processes.
Related Articles
Interested in learning more about tax credits and how a tax credit service can help you? Browse our latest related articles to help you and your team better understand the tax credits available to your organization.
What Is Form 8850?
Learn how you can determine your eligibility and apply for the Work Opportunity Tax Credit program (WOTC). Use this article to understand the eligibility requirements, compliance requirements, misconceptions, and more.
What is the Real Deadline to Apply for the ERC?
The Employee Retention Credit (ERC), created by the CARES Act, helps employers keep employees on their payroll. In this article, you’ll learn when the real deadline is to file IRS Form 941-X to ensure you get the funds you’re eligible for.
Employer Tax Credit Updates for September 2022
The IRS regularly updates its rules and regulations, including those related to tax credits. This article breaks down the new employer tax credit updates for September 2022, including information on WOTC guidance and efforts to restore the Employee Retention Credit.
Choose Experian for Tax Credit Management Today
At Experian, not only do we provide tax credit services, but we offer workforce management solutions to streamline complex workforce management processes to ensure compliance, efficiency, and legality. Contact Experian Employer Services today to see how you can improve your ROI and business processes.