|By Business Wire||
|May 8, 2014 11:00 AM EDT||
Moss Adams LLP, one of the largest accounting and business consulting firms in the nation, today announced a major enhancement to its industry-leading, web-based MaxCredits™ tool. MaxCredits has now been integrated with the DocuSign® Digital Transaction Management (DTM) platform to ease the process by which companies electronically sign and apply for the Work Opportunity Tax Credit (WOTC). DocuSign’s DTM platform automates and streamlines the traditionally paper-based process to drive enhanced compliance.
“We understand the administrative headaches that come with applying for tax credits,” said Rob O’Neill, Tax Credits and Incentives Partner. “Combined with working alongside experienced professionals, the Web-based MaxCredits tool integrated with DocuSign’s DTM platform simplifies the tax credit process to give individuals more time to focus on growing their business.”
The WOTC is a federal tax credit for employers who hire and retain veterans and other individuals who can face significant barriers to employment. The federal tax credit can amount to up to $9,600 per employee, and there is no limit on the number of qualifying individuals an employer can hire to earn the credit. The value of the tax credit is determined based on the target group the employee qualifies under, the number of hours worked, and the wages earned during the period of employment. In order for an employer to earn the credit, the application must be filed within 28 days of a new hire’s start date—making fast, easy processing of the paperwork critical.
MaxCredits simplifies the process of submitting paperwork for the WOTC as well as empowerment zone credits. With MaxCredits, new hires enter relevant personal information via a secure Web site and answer a short set of questions to determine if the business qualifies for federal wage-based income tax credits or incentives. This process helps companies take advantage of both types of credits, saving employers additional time and money by screening for both credits simultaneously. A process that could take up to 3 weeks can now be accomplished in one day.
Businesses qualifying for tax credits can now use the IRS-approved DocuSign DTM platform and its industry-leading eSignature solution with the assistance of Moss Adams. DocuSign provides companies with a way to manage mission-critical transactions digitally from start to finish and electronically sign forms—anytime, anywhere, on any device.
Information on MaxCredits at Moss Adams can be found at www.mossadams.com/wotc.
About Moss Adams
Moss Adams and its affiliates provide insight and expertise integral to the success of organizations across the globe.
Moss Adams LLP is a national leader in assurance, tax, consulting, risk management, transaction, and wealth services.
Moss Adams Wealth Advisors LLC provides investment management, personal financial planning, and insurance strategies to help clients build and preserve their wealth.
Moss Adams Capital LLC offers strategic advisory and investment banking services, helping clients create greater value in their business.
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