Today’s staffing organization is growing at a rapid pace and needs to have a team of financial services professionals that responds quickly to change. The average staffing company has outgrown the typical accountant and developed the need for a CPA firm with a deep industry focus. With change, managing risk and realizing tax savings opportunities become a more important focus as staffing organizations decide how they will adapt and evolve their business models for long-term survival. Regulatory issues require skill set that integrates financial and business expertise to keep your business risk at a minimum.
Having a knowledgeable team who understands the competitive forces shaping your industry is critical to managing a successful business. As leaders in the industry, we are quick to identify and address new trends, accounting requirements and regulations to ensure our clients’ future success. Our firm’s National Staffing Practice has the skill set to anticipate and respond to the needs of your business by providing solutions that give you a competitive advantage.
We often hear from companies that they are not being properly or effectively served by their current accounting firm. This is why we have made a strong commitment to ensure that quality is built into every engagement. We have been successful in meeting and exceeding client expectations, including the transition from their previous advisors.
The Protecting Americans from Tax Hikes Act of 2015 (PATH) was signed by President Obama on Dec. 18, 2015. Included in the many tax breaks and incentives that were "extended" by this bill was the reinstatement of the Work Opportunity Tax Credit (WOTC). The WOTC is a credit to employers who hire certain targeted groups of employees and is based on a percentage of the wages paid to those employees. The PATH Act even added a new category that will be available in 2016.