The Disaster ERC was introduced to encourage employers impacted by qualified disasters to retain employees while their businesses returned to normal operations.
Synergi Partners evaluates tax credit eligibility for organizations conducting business in Federally designated disaster areas. Synergi Partners has developed an “Operational Impact Analysis”.
How does Synergi determine if my business qualifies for a retention credit? Synergi reviews different areas of the business that affected your operations. These areas include:
Credits by State
We help determine whether your business meets the criteria for various state jobs tax credits. Once we’ve determined your eligibility, we’ll help you secure the maximum benefit available.
Training and Retraining Credits
Get cash back for investing in your employees. Businesses which devote time and money to training programs for their employees may qualify for training or retraining credits, if available in their state. We can help you determine your eligibility and secure the maximum benefit available.
Federal Hiring Incentives
Work Opportunity Tax Credit (WOTC)
The Work Opportunity Tax Credit (WOTC) is a federal hiring incentive program that allows your business to receive up to $9,600 in tax credits per each eligible new hire.
The partnership between Bullhorn and Synergi positions you for success, growth and profitability. We recognize your need for great talent and industry leading tax credit consulting and technology. We look forward to having you as part of our family. Please follow the instructions below to get started.
The Work Opportunity Tax Credit is a federal hiring incentive that provides a tax credit worth up to $9,600 if your company is hiring from any one of the following groups:
- A member of a family that is a Qualified Food Stamp Recipient
- A member of a family that is a Qualified Aid to Families with Dependent Children (AFDC) Recipient
- Qualified Veterans
- Qualified Ex-Felons, Pardoned, Paroled or Work Release Individuals
- Vocational Rehabilitation Referrals
- Qualified Summer Youths
- Qualified Supplemental Security Income (SSI) Recipients
- Qualified Individuals living within an Empowerment Zone or Rural Renewal Community
- Long Term Family Assistance Recipient (TANF) – formerly known as Welfare to Work
Tax credits off-set tax liability dollar for dollar. Some companies use credits in their tax planning to off-set quarterly estimated payments. Some companies use credits at the end of their tax year against annual tax liability. In the event of no tax liability, tax credits can be carried forward for up to twenty years. Consult with your tax professional for how to best use these incentives.
The life of a tax credit can be a year or more. The process begins with screening your new hires and ends with delivery of a certified and calculated tax credit. We manage this for you.
Synergi beats the competition when it comes to screening, eligibility, forms compliance, certifications, and reporting
WOTC Contact Form
Built right into the platform, we screen eligibility and sign forms as you process hires.
How To Get Started?
Fill out the form and submit your contact information.
A Synergi Rep will contact you to discuss the next steps.
Synergi will notify that you are ready to go. Sit back and start earning credits.
Why Synergi Partners
We focus solely on tax credit and disaster relief and capture the maximum credits for our clients.
What Our Clients Say
Our CPA had calculated a tax credit based solely on payroll but Synergi looked into how our daily operations were affected and found an additional $50K in credits.
Working with Synergi Partners has been a home run for us. Our CARES Act Employee Retention Credit that we are anticipating is in the millions! For us, this is instrumental in keeping our family-owned business moving full steam ahead. Their diligence, detailed analyzation and patience has made this working relationship so valuable. Thank you!
The Synergi Team are plugged in legislatively and have great relationships with the state WOTC coordinators which has really helped us improve turnaround times with the states. We are very pleased with their results.