Unlock Hidden Profit: Maximize your Staffing Agencies Bottom line with Tax Credits

  By Lynn Connor  |    Thu Oct 31, 2024

Category: Expert Advice, Legal

As we approach 2025, many businesses prioritize efficiency improvements for each new year. However, cost reduction and tax credits are often overlooked as primary objectives. Working with MJA & Associates through the staffing agency we owned, I can share from personal experience that this change was one of the few that...

New Overtime Laws Effective July 1, 2024

  By Judy Collins  |    Tue Jul 30, 2024

Category: Columns, Expert Advice, Legal

Recruiters should be aware of new overtime laws which have taken effect this past July 1st. The US Department of Labor increased the minimum salary threshold on standard salary overtime pay from $684/wk. or $35,568/yr. to $844/wk. or $43,888/yr. This article will give a brief recap of the new legislation...

Conquer Tax Season with Ease: A Stress-Free Guide for Staffing Agency Owners

  By Lynn Connor  |    Wed Feb 28, 2024

Category: Expert Advice, Legal

Tax season is a crucial and challenging period for businesses. As a responsible staffing agency owner, you need to be knowledgeable about taxes, keep track of your finances, and ensure compliance with legal requirements. Tax season can be intimidating, but by following some best practices and tips, you can navigate...

3 Tax Incentives Staffing Agencies Need to Consider

  By Lynn Connor  |    Tue Apr 11, 2023

Category: Expert Advice, Legal

Tax season is upon us, and there are some valuable tax credits and incentives available to businesses that can help reduce your tax liability. Staffing agencies should take a moment to look at these programs to make sure they are not overlooking any tax credits that you may be eligible...

STAFFING COMPANY OWNER? HERE’S 10 THINGS YOU NEED TO KNOW ABOUT GETTING PAID

  By Lynn Connor  |    Tue Dec 13, 2022

Category: Legal

Adams Evens & Ross handles collections for the Staffing & Recruiting industry. I am well acquainted with AER because as a past owner of a staffing firm, we used them more than once. We didn’t have a huge amount of past due debt, but if we ran into a client...

Which Hiring Expenses are Tax Deductible?

  By Lynn Connor  |    Mon May 10, 2021

Category: Expert Advice, Funding, Legal

Starting off with the big stuff, many businesses took out a Paycheck Protection Program loan to help get them through the downturn of 2020, which the majority of staffing firms felt. The most recent guidance issued on 1/6/21 allowed deductions for the payments of eligible expenses...

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