Sunday, February 05, 2012 
Enrolling for New Hire Tax Credit Processing


Tax credits represent a dollar for dollar credit an employer may take against income taxes due. The fee to you for actual tax credits recovered and delivered shall be 25% of the dollar value of the federal credits recovered, and 33% of state credits recovered. No fees are incurred by you until credits are recovered.

All credits are recovered by the Tax Credit Processing Center (TCPC), a third party specialist in applying for and recovering new hire tax credits for employers. Personnel Profiles, Inc has partnered with TCPC to provide tax credit recovery services to our clients. TCPC will apply for and recover credits on behalf of participating clients, and collect the fee for recovery of credits directly.

To be eligible to recover tax credits, you or your organization needs to meet the following requirements.:
Is Your Company Eligible for Recovery of Tax Credits?
  1. Is your company or you if your company is an LLC, LLP, SUB S Corporation, Partnership or Sole Proprietorship paying federal or state income taxes?
  2. Through turnover or growth of your business, do you hire more than 7 employees a year?
  3. Would you like to reduce your taxes and only pay for the service if it works for you?

IF YOU ANSWERED YES TO ALL THREE QUESTIONS YOU ARE A CANDIDATE FOR OUR TAX CREDIT SERVICE.
How to Enroll

To get started is easy. Click here to download the contract and new client information form. The contract represents a limited power of attorney enabling TCPC to apply for and recover tax credits on your behalf. Complete the forms as applicable and return the original, executed forms to the address noted on the last page of the documents. If you have any questions about the documents, please contact Paul Nolan at Personnel Profiles: (859) 655-4600 or assess@persprofiles.com.

Once you are enrolled, you will receive instructions for qualifying applicants to determine those most likely to generate credits and how to apply for the credits once they are hired.