ADP Helps American Businesses Find More than $1.4 Billion in Tax Credits and Hire More Targeted Workers
• ADP’s tax credits business leverages 30 years of tax incentives experience to help find often-overlooked tax credits and incentives for more than 3,000 businesses
• Tax credits/incentives help businesses grow by helping to reduce costs, making it possible for businesses to increase hiring and enabling investment in current employees
ROSELAND, N.J. – ADP®, a leading provider of global human capital management (HCM) solutions, today announced that ADP’s tax credit business helped more than 3,000 U.S. companies find more than $1.4 billion in tax credits and incentives in 2012. Leveraging its dedicated team of tax, government relations and compliance specialists, ADP’s tax credits business helps companies capture a wide variety of business tax credits and incentives to help drive business growth, foster job creation and make investments in current employees.
In 2012, ADP helped companies hire more American workers who fall into specific groups, such as qualified veterans, summer youth employees and others, by helping to make it easier to determine eligibility for and claim state and federal tax credits available to them. These credits include the Work Opportunity Tax Credit (WOTC), Federal Empowerment Zone (EZ), Federal Indian Employment Credit and the Georgia Retraining Tax Credit, as well as tax credits and incentives to support hiring veterans and a wide variety of state-level hiring credits.
“The credits and incentives space is complicated and diverse, with credits from local, state and federal entities varying greatly – it can be daunting for companies to search, determine eligibility for and claim potential tax credits,” said Jeanne Madden, Vice President Operations, ADP Tax Credits. “As a leader in employment-related tax and payment compliance, ADP is focused on helping companies maximize their credits to help increase cash flow and lower their tax liability, all with the goal of helping companies find and hire the right talent and support the economy. Moving forward, we will continue this mission by adding new capabilities in the future, such as mobile WOTC screening – fast, easy screening, from a mobile or tablet device.”
ADP’s tax credits business offerings help streamline the tax credit and incentive screening and certification process, helping companies to reduce labor and operating costs, lower federal and state tax liabilities, lessen capital costs, and enhance reporting and employment-related tax and payment compliance. Backed by more than 30 years of experience, ADP’s comprehensive suite of tax credits and incentives solutions has the capability to integrate with existing hiring processes, including applicant tracking and on-boarding systems, helps to ensure inclusive, multi-category screening and provides flexible web, IVR, call center and mail screening options, helping companies claim available tax credits.
ADP’s tax credits business solutions are one component of the recently released ADP SmartComplianceSM platform. A cloud-based unified platform of outsourced services, ADP SmartCompliance helps medium and large businesses better manage employment-related tax and payment compliance. The platform helps companies save time and money by bringing together and streamlining compliance management for employment tax, tax credits, wage payments, wage garnishments, employment verification, unemployment claims and W2 management, and, in many instances, by integrating with an organization’s existing enterprise resource planning (ERP), financial or human resources system of record.
For more information on ADP’s tax credits business, visit www.adp.com/taxcredits.
With more than $10 billion in revenues and more than 60 years of experience, ADP® (NASDAQ: ADP) serves approximately 600,000 clients in more than 125 countries. As one of the world’s largest providers of business outsourcing and human capital management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA). ADP’s easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company’s Web site at www.adp.com.
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