AkkenCloud Clients Are Now Able to Leverage Lucrative Federal
Hiring Credits with the integrated Work Opportunity Tax Credit
service, powered by their new tax credit company, WOTC.com
NASHUA,
N.H., May 2, 2024 /PRNewswire-PRWeb/ --
AkkenCloud, renowned for its commitment to redefining staffing
simplicity and pioneering advanced automation and AI solutions for
Staffing Industry, is pleased to unveil its latest offering: an
integrated Work Opportunity Tax Credit (WOTC) service, powered by
the esteemed tax credit company, WOTC.com.
"We are delighted to collaborate with
WOTC.com in providing our clients with an optimized tax credit
service that enhances their financial viability" Giridhar Akkineni
CEO of AkkenCloud
The Work Opportunity Tax Credit (WOTC) is a federal hiring
incentive program designed to reward employers for hiring
individuals from specific target groups. Eligible employers can
receive substantial credits ranging from $2,400 to $9,600
per qualified hire.
Through this innovative service, AkkenCloud clients gain access
to streamlined WOTC screening processes and comprehensive
management of documentation, filing, and certification. Leveraging
cutting-edge technology, WOTC.com seamlessly integrates with State
Workforce Agencies, ensuring enhanced compliance and expedited
certification for clients' tax credits.
Anthony Curlo, Chief Strategy
Officer at WOTC.com, emphasizes the significant financial benefits
of WOTC utilization: "Many businesses are unaware of the
considerable advantages offered by the Work Opportunity Tax Credit.
With approximately 30% of new hires qualifying for these
incentives, the potential for substantial savings is immense,
particularly in industries characterized by high turnover
rates."
Giridhar Akkineni, CEO of
AkkenCloud, expresses enthusiasm about the partnership: "We are
delighted to collaborate with WOTC.com in providing our clients
with an optimized tax credit service that enhances their financial
viability. By leveraging WOTC.com's expertise and technology, we
empower businesses to maximize their profitability without adding
to their administrative burden."
Unlike traditional tax credit programs, accessing WOTC credits
is primarily managed through a company's HR department. Timely
application within 28 days of an employee's start date and
subsequent certification are crucial steps in securing these
benefits. Upon certification, taxable employers can claim WOTC as a
general business credit against their income taxes, while qualified
tax-exempt employers can offset payroll taxes.
By enrolling in WOTC services powered by WOTC.com, AkkenCloud
clients can capitalize on these often-overlooked incentives,
enhancing their bottom line with minimal additional effort.
Furthermore, clients incur no upfront financial obligations, thanks
to WOTC.com's success-based fee structure.
Anthony Curlo highlights
WOTC.com's commitment to client success: "Our dedication to
success-based fees underscores our unwavering commitment to
delivering maximum value to our clients. If we fail to secure tax
credits, there is no financial obligation on their part."
About AkkenCloud:
AkkenCloud leads the industry with its unparalleled
front-office, middle-office, and back-office staffing software
solutions. AkkenCloud's innovative platform, complemented by
AkkuPay, a specialized payroll software designed for the staffing
and recruiting industry, empowers businesses to enhance efficiency,
streamline operations, and drive revenue growth. Click HERE to
schedule a Live Demo.
ABOUT WOTC.com:
WOTC.com is a Financial Services consulting firm that helps
businesses maximize government incentives and tax credits to
increase their profitability. Leveraging their leaderships' 100
years of combined credit expertise and their state-of-the-art
custom technology, WOTC.com has captured over $1 billion in government incentives for clients,
with $0 returned to the IRS. WOTC.com
team of credit experts helps businesses with federal and state
incentive credits like the Work Opportunity Tax Credit, Research
and Development Tax Credit, and many others.
Media Contact
John White, Social Marketing
Solutions, 1 970-692-3270, john@socialmarketingsolutions.com,
www.socialmarketingsolutions.com
Anthony Curlo, WOTC.com, 1
212-635-9500 300, anthony@wotc.com, www.wotc.com
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SOURCE AkkenCloud