Employer Tax Credit Now Offered Through Data Facts, Inc.

Share Article

Data Facts, Inc., one of the nation’s leading providers of comprehensive background screening, now offers employer tax credits. First implemented by the federal government during the Reagan Administration, employer tax credits are designed to encourage businesses to provide opportunities to disadvantaged work groups. Generally based on employee demographics and/or geographic location of the company or employee, one in five hourly workers qualifies for a tax credit worth up to $9,600.

Data Facts Inc

National Tax Credit is excited about the opportunity to partner with Data Facts.

With over two decades of background screening experience, Data Facts has a broad range of customers, many who qualify for employer tax credits. Any company who pays federal income taxes is encouraged to apply for these incentives to help offset liabilities and promote growth. These programs serve as an extension of endorsing a company’s commitment to the community.

“National Tax Credit is excited about the opportunity to partner with Data Facts,” stated Steve Anderson, the National Account Executive of National Tax Credit who initiated the move to partner with Data Facts. “We are a natural fit with our product mix to be able to more effectively handle the needs of both our client bases with a single contact.

“Between these two industry leading companies we can cover almost all HR and Payroll needs. Data Facts already offers applicant tracking, background checks, assessments, drug testing, social media screening, I-9s and E-Verify. Now National Tax Credit has added multiple payroll options, federal & state tax credits, and total environmental services savings that may also include ‘green tax credits’ that will help Data Facts offer more value to HR. The 'green tax credits' are not ‘deductions’ but credits that come directly off a company’s bottom line federal tax liability. Most companies still are not aware of and do not take advantage of this government program designed to encourage them to hire new employees. Many companies qualify for hundreds of thousands of dollars annually and they loose them year after year. Last year it is estimated that $4 billion dollars went unclaimed. We can help!”

A few examples of tax credits are the Work Opportunity Tax Credit (WOTC), Geographic Credits, the FICA Tip Tax Credit, Disaster Recovery Tax Credits, and State Tax Credits. The WOTC credit is available for businesses who hire employees from one of several different demographic groups. It is a one-year credit that can earn a business up to $9,600 in credits per employee.

Welfare-to-Work now falls under the WOTC category as Long Term Family Assistance Credit. It is a two-year credit from date of hire, earning up to $9,000 per employee.
Specific geographic areas have been designated in order to offer special tax credits and incentives to stimulate local investment and employment. Empowerment Zones offer savings up to $3,000 per year for all employees who live and work in the designated communities.

The FICA credit provides the food & beverage service industry with a tax credit for the amount of the FICA tax obligation attributable to employee tips received in excess of minimum wage provisions. Disaster Recovery credits are available to businesses who hire individuals affected by natural disasters like Hurricane Katrina. Employers can earn $2,400 in tax credits per retained or qualifying new employee, and these credits can be recovered retro-actively.
There are also many different types of state tax credits available. Some are hiring credits and others deal with matters such as company expansion. Data Facts will search a business’s area to find any credits that could be available to them.

About Data Facts, Inc.

For more than two decades, human resource professionals have been relying on Data Facts to provide information they trust to help them hire the best applicant the first time. With our new employer tax credit solutions, businesses can also rely on Data Facts to help them be more profitable by utilizing incentives provided by the federal government. Those wanting more information about Data Facts should visit http://www.datafacts.com. Subscribe to our blog at dfempscreening.wordpress.com and follow us on Twitter @DFempscreening.

Sara Kellum, Marketing Manager
Data Facts, Inc.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Sara Kellum
Visit website