“With the volume of new and pending tax credits going through legislation, often employers find it virtually impossible to keep track of credits and requirements on their own," said Thomas Boyle, Director of Product Strategy for SilkRoad.
Winston Salem, NC and Birmingham, AL (PRWEB) July 6, 2010
SilkRoad technology, a leading provider of talent management solutions and TaxBreak, the foremost expert and outsourced processor of government tax credits and incentives, announced a strategic partnership today. In this new partnership TaxBreak will deliver employee tax credit processing to SilkRoad clients.
Through a seamless integration between TaxBreak and SilkRoad’s Life Suite™ of talent management solutions, SilkRoad customers will be able to utilize TaxBreak’s services to determine tax credit eligibility, and for tax credit processing. The partnership allows SilkRoad customers to potentially save thousands of dollars in income taxes by instantly determining if current employees are eligible for any current tax breaks.
The partnership will support SilkRoad’s effort to provide clients the opportunity to easily maximize the ROI of their new hiring. SilkRoad’s users will be able to automatically qualify candidates for government incentives, which can produce up to $9,000 per qualified new hire in tax credits for the employer.
“We are extremely pleased to be offering this new service, in partnership with TaxBreak, to our customers,” said Thomas Boyle, Director of Product Strategy for SilkRoad. “With the volume of new and pending tax credits going through legislation, often employers find it virtually impossible to keep track of credits and requirements on their own. SilkRoad’s integration with TaxBreak will allow for the real-time capture of all of these changing requirements.”
SilkRoad’s talent management solutions dynamically update its system so customers are asked the latest questions as they become available, which maximizes the number of potential credits that can be identified.
"TaxBreak is delighted to partner with SilkRoad to help its clients benefit from government employer incentives," said Shannon Scott, President and CEO of TaxBreak. "Historically, the tax credit process has been too time and paperwork intensive for most businesses to manage. But today, by obtaining specific information during the application process, TaxBreak is able to pre-qualify candidates for tax credits within a matter of seconds and potentially save the client from paying thousands of dollars in income taxes."
TaxBreak provides unique, industry-leading methods for screening and certifying applicants for such federal and state government incentives as work opportunity tax credits (WOTC) and empowerment or disaster zone credits. It processes tax credits for more than 75,000 client locations nationwide.
SilkRoad’s Life Suite provides solutions that significantly improve the talent within its more than 1500 customers across the globe.
About SilkRoad technology, inc.
SilkRoad technology, inc. provides software as a service (SaaS) solutions that significantly improve the talent within its more than 1500 customers across the globe. Through SilkRoad’s Life Suite™, an integrated talent management solution, companies are able to hire better employees, identify high and low performers, drive a pay-for-performance culture and improve employee tenure. The SilkRoad Life Suite solution set includes: OpenHire™, for recruiting management; RedCarpet™ for employee onboarding and life events; WingSpan™ for flexible employee performance management; GreenLight™ for learning management; Eprise™ for employee intranets and content management and HeartBeat™, core HR, an on-demand Human Resource Management System (HRMS).
SilkRoad technology is headquartered in Winston-Salem, NC with offices in Bedford, MA; Chicago, IL; Red Bank, NJ; Jacksonville, FL; San Francisco, CA; Edmonton, Canada; Singapore; Sydney, Australia; Auckland, New Zealand and Hamburg, Germany. More information is available on the Web at http://www.silkroad.com or by phone: U.S. toll free at 866-329-3363 or internationally at +1-336-201-5100. Follow SilkRoad technology on Twitter at http://www.twitter.com/SilkRoadTweets.
TaxBreak was founded in 1998 and is made up of an acclaimed team of tax attorneys, technology and financial executives committed to delivering tax credit consulting and processing to companies of all sizes. The Gadsden, Alabama-based organization boasts proprietary software that enables them to accurately determine the tax credit eligibility of company employees, including those who qualify for work opportunity tax credits, disaster relief credits and geographic based credits, among others. TaxBreak helps businesses implement an easy-to-manage system for taking advantage of employer tax credits designed to offset labor costs and reduce tax liability. TaxBreak’s leading-edge technology and innovative processing methods allow for seamless integration into a company’s current hiring procedures, and unrivaled accuracy rates assure the highest returns. Companies nationwide trust TaxBreak to manage all their tax credit processing needs. For more information, visit TaxBreak online at http://www.taxbreakllc.com.
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