WOTC: FAQ
FAQ
| Q: |
What if none of my employees are approved for the WOTC, do I still pay you a fee? |
| A: | No. Our fees ar contingent on approved employees. |
| Q: | How long is your contract? |
| A: |
The contract for our service is for the tax year. We don’t believe in asking our clients to sign long-term contracts |
| Q: | When do fees come due? |
| A: |
Fees come due as employees are approved. |
| Q: | Why can’t I do this myself? |
| A: |
Most people can do a lot of things themselves like clean their own home, do their own taxes, or answer their own phone; however, hiring specialists like us that can review documentation, do year-end tax credit calculations, draft substantiation reports and keep you up-to-date with tax programs will save you a lot of headaches. |
| Q: | Why can't my CPA do this? |
| A: | We believe we can do tax credits more efficiently and effectively because this is our specialization and focus. For example, if your accountant has 100 clients, only a handful may qualify for special tax credit programs. It may not be worthwhile for them to develop the same expertise as us, let alone provide this service. On the other hand, since tax credits make up most of our business, we can focus on providing this service more effectively. |
| Q: | Do I need to change accountants? |
| A: | You do not need to change accountants. At the end of the tax year, we will provide your accountant the copies of all the approved documents. |
| Q: | How much are your fees? |
| A: | The fees are based on the number of approved employees, not a percentage of the refunds. A portion of the fees are paid quarterly with the balance coming due on April 15th. Please note, you are only paying for the approved employees, so if no employees qualify, then you pay nothing. See fee for more details. |