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)
- Disaster Zone Tax Credit
- Family Medical Leave Act Tax Credit
WOTC 101: Generate Tax Credits with Your Recruiting Process
The hiring process can be complicated even with every effort made to simplify and streamline the experience. For this reason, some employers avoid the Work Opportunity Tax Credit because it’s seen as another hurdle between a potential candidate and filling a vacant position. However, WOTC can bring in valuable dollars to an organization for qualifying new employees. This webinar explores the benefit of this powerful tax credit and how to implement a process for claiming it without affecting your candidate experience.
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.
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.
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.
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IRS Announced Preemptive Denial of Some ERC Claims
Not every business that operated throughout the COVID-19 pandemic was eligible to claim the Employee Retention Credit (ERC), and many companies claimed the credit when they were ineligible. On Dec. 6, 2023, the IRS issued a statement that they were notifying 20,000 taxpayers of disallowed ERC claims. Learn more about these disallowances in this blog.
ERC Denied by Auditor, Taxpayer Sues IRS to Invalidate Guidance
In a recent court filing, Southern California Emergency Medicine sued the IRS for denying their ERC claim, stating the Treasury failed to comply with the Administrative Procedure Act. The complaint brings up several issues, such as the “more than nominal” rules under IRS guidance and the definitions of terms and elements needed to claim the credit, among others, created by the IRS. In this blog, we dive into this case and why it’s important to follow.
IRS ERC Backlog Reaches New High
Millions of businesses of all sizes and industries were eligible to claim the Employee Retention Credit. However, with millions of claims came an outstanding backlog. From its most recent announcement on Dec. 1, 2023, the IRS stated at the end of November, they were working with more than 1 million unprocessed Forms 941-X, its highest number since it began reporting in 2021. Learn more about the IRS ERC backlog and how it might affect you.
Department of the Treasury’s Financial Crimes Enforcement Network Alerts Financial Institutions to ERC Fraud
The ERC can be a great cost-saving tax credit that businesses impacted by the COVID-19 pandemic can claim. However, with the potential for thousands of dollars in cost savings comes an increased risk of fraud and scams. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network and Internal Revenue Criminal Investigation released an alert to businesses to warn them of ERC fraud, scams and red flags. Explore some of the top scams and forms of fraud to be aware of in this guide.
IRS ERC Warnings and Recent Statements Explaining Eligibility
Claiming the ERC can be a great way to recoup profits lost by facility shutdowns and the loss of business from the COVID-19 pandemic. However, there are strict eligibility requirements in place. In this article, we explore the eligibility criteria for claiming the ERC and recent IRS warnings on noncompliance with claiming the ERC to ensure you’re aware of the requirements to claim this credit and prevent penalties or fines.
ERC Eligibility: Who Qualifies for the ERC?
The ERC created by the Coronavirus Aid, Relief and Economic Security (CARES) Act was established to incentivize businesses that kept employees on payroll to weather the financial crisis caused by the pandemic. But who qualifies for the ERC? In this blog, we dive into the ERC eligibility criteria and how to claim this tax credit on your 2020 and 2021 tax returns if you qualify.