Asure, a leader in payroll and workforce solutions, today proudly announced its strategic partnership with HRlogics, a firm specializing in tax credits and incentives. This alliance is set to provide Asure’s clients with streamlined access to critical tax credits and hiring incentives, enhancing their growth potential and financial robustness.
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“With rising interest rates and tight lending standards creating significant barriers to capital, it’s crucial that small to midsize businesses have access to resources that can support their growth. Our partnership with HRlogics allows us to provide tax credits for our clients that they may not have otherwise known about, helping to fuel their development and expansion.” – PAT GOEPEL, CEO of Asure
Tax credits, though beneficial, are frequently underutilized. They provide considerable relief, allowing businesses to lower their tax liabilities and reinvest in their operations. HRlogics brings its expertise to bear, navigating the complex array of over 3,000 state and federal tax credits that can benefit businesses engaged in activities from job creation to innovation.
Shannon Scott, CEO of HRlogics and a veteran tax credit lobbyist, emphasized, “While large corporations have long capitalized on tax credits, many smaller enterprises are still not aware of the substantial benefits these credits offer. It’s time for these businesses to gain the same strategic advantages.”
What Benefits will this Partnership Offer?
Through this partnership, Asure clients will receive a comprehensive, r******** review of potential tax credits tailored to their specific activities, with HRlogics providing expert guidance to maximize these opportunities. This includes the Work Opportunity Tax Credit (WOTC), aimed at incentivizing the hiring of individuals from underrepresented groups.
This partnership represents a significant advancement in empowering small and midsize businesses with the financial tools necessary to compete effectively in today’s market. By leveraging tax credits and hiring incentives, Asure’s clients can reinvest in their growth, create new job opportunities, and contribute positively to economic development in their communities.
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FAQs
1. What is the importance of the partnership between Asure and HRlogics?
The partnership between Asure and HRlogics enables Asure’s clients with a seamless way to access important tax credits and hiring incentives. This partnering enables small business owners to tap into resources that encourage their growth by relieving liabilities on their taxes and reinvesting in operations.
2. What specific benefits will Asure’s clients gain from this partnership?
Asure’s clients will be given a detailed review with no risk regarding possible tax credits specific to their activities. HRlogics will provide expert counsel to maximize these opportunities, including access to the Work Opportunity Tax Credit (WOTC) that incentivizes hiring from underrepresented groups.
3. Why are tax credits and incentives critical to businesses, especially small to mid-size ones?
Tax credits and incentives offer great relief by reducing tax liabilities, which allows the business to reinvest in their operations to fuel their development and expansion. To the small to mid-size businesses that face barriers to capital, these resources become a critical source of necessary fuel to maintain their growth amid rising interest rates and tight lending standards.
4. How does HRlogics help navigate the complex array of tax credits and incentives?
HRlogics, led by CEO Shannon Scott, has extensive experience navigating the tricky landscape of over 3,000 state and federal tax credits. HRlogics focuses on job creation and innovation, and it helps businesses find and access the tax credits that fit their activity to ensure they are maximizing the benefit these credits can provide.
5. Why are tax credits often underutilized by businesses?
Though tax credits are a blessing to business owners, they are underutilized, especially by smaller enterprises. Many businesses may not be aware of the benefit these credits provide, or don’t have the resources to navigate the complexities involved. The partnership between Asure and HRlogics will help to fill that gap by providing expert guidance and support.
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