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Clients utilizing a Human Resources expert expect to see a return on investment (ROI) through many soft cost savings in addition to increased tenure and better hiring of employees. An often overlooked ROI that HR can bring to the table is through federal and state credits. In many instances, the benefits from utilizing the tax credit process will pay for the cost of the company's automated hiring process systems. A Referral Partnership with TaxBreak allows you to take advantage of this capital recovery company's proprietary, leading-edge technology and years of experience which researches/identifies/processes federal and state tax credits, government incentive programs and other expense reduction and capital recovery opportunities. This partnership will generate recurring revenue streams that will improve the financial performance of clients while adding value to your offering with a return on investment that will make your services an easy "YES" for new prospects and give you a strategic advantage that differentiates your HR firm from others and gives you the leading edge over competitors.
Benefits to HR
- Client retention
- Cost justification
- Generate additional revenue
- Protection against predatory marketing
- Gain access
Benefits to HR Clients
- Decrease tax payment
- Increase cash flow
- High ROI
- Fees are paid only if benefits are earned
There are currently more than 150 employment-related tax credits made available to companies to encourage employers to hire certain qualified individuals. These tax credits can earn an average of $1,500 per qualified employee and, for some companies, that can represent millions of dollars. Yet, many companies do not claim any, or all, of the tax credits because of the administrative requirements tagged with the process of applying and qualifying. Most services utilize a phone bank where each applicant has a 5-7 minute phone call in which the hiring manager has to get on the phone. If the new hire qualifies for a tax credit, the manager must pull shelf forms, have the new hire complete them and, then, send them to the provider. This can become very time consuming.
TaxBreak's screening methods eliminate up to 86% of the paperwork and give the ability to target credit-eligible applicants in the hiring process. TaxBreak offers several processing options to coordinate with current hiring practices which can turn Human Resources Departments into profit centers. TaxBreak uses one short form to initially screen job applicants or new hires and provides all pre-filled necessary forms for the new hire to sign. The process takes 2 minutes per applicant and multiple applicants can be screened at the same time. TaxBreak works on a contingency fee basis; so, there is no financial risk to TaxBreak's clients.
Contact us at (888) 291-1938 ext.16 and see how TaxBreak can be a value-added service for you.
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