Work Opportunity Tax Credit

While businesses with high employee turnover—such as retail, restaurants, golf clubs, hotels, and manufacturers—are ideal candidates for the Work Opportunity Tax Credit (WOTC), the opportunity to claim those hundreds of thousands in tax credits is highly time-sensitive.

To claim a WOTC credit, the employee must be certified within 28 days of hire. Since the law generally doesn't provide a look-back provision, once your client misses an opportunity to claim the credit, it’s gone forever.

The logistical challenges of WOTC mean that business owners need advisors who are well versed in the nuances of the credit. Backed by the resources of a full-service CPA firm, CSP360 has extensive experience successfully claiming employment tax credits for a wide range of businesses.

If your property-owning clients operate businesses with high employee turnover, contact us to schedule a Deep Dive review and uncover 360 degrees of tax opportunities.

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ABOUT US: CSP360, headquartered in Buffalo, New York, is one of the nation's leading providers of cost segregation and tax minimization services including tangible property regulation compliance, IRC 179D/45L energy efficiency studies, research tax credits, 263(a) maintenance repairs, fixed asset depreciation review and 179d analysis/45L to cpa, accounting and chartered accounting firms across the United States. Through our CPA Partnership Program we provide services to their qualified clients who have constructed, bought, expanded or remodeled real estate. We are affiliated with Freed Maxick CPAs, P.C., a Top 100 Firm in the United States, and have been providing cost segregation studies for over twenty years.