AKT recovers 50%-200% more tax credits than our competitors.

WHat we do and why

AKT Business Services specialize in obtaining the maximum amount of tax credits allowable by law for our clients. We also take time to understand the challenges unique to each of our clients and will design a process specific to your needs. Many industry workers in the U.S. enjoy a higher than average qualification rate for the Work Opportunity Tax Credit as well as other federal and state hiring credits. Additionally, some industries have a comparatively high employee turnover rate and the challenges associated with managing a decentralized multi-unit organization. We recognize that this kind of complex challenge requires special expertise to maximize your tax credit qualifications and compliance and we are determined to deliver the best possible results.

AKT’s process and tools are specifically designed to magnify this opportunity for our clients.

Why not let us see what we can do for you. If you are currently claiming tax credits in house, perhaps we can give you a competitive analysis and significantly reduce your risk especially with handling sensitive personal information protected by law.

Accuracy

AKT strives to provide "Six Sigma" (99.6% error free) service to its clients.  We don't miss credits or neglect those that are difficult.

AKT guarantees all tax credits will stand up to State or IRS audit. 

AKT has obtained substantially more dollar tax credits for client firms than our competitors. 

AKT appeals State "denials" -  This is the difficult part our competitors don't do for clients.  There are no added fees, and AKT wins 60% of appeals for our clients. 

No-Risk Contract

We charge a contingency fee ONLY, a percentage of what we obtain for our clients.  This keeps us devoted to our clients. 

The Contract may be cancelled with a 60 day notice.  We retain our clients by providing excellent service, not by contract. 

AKT Does All the Work

Human Resources needs only to drop new employees IRS form 8850 in the mail or submit 8850's electronically to our office.  AKT supplies it's envelopes and IRS 8850 forms (optional paper or electronic).   This process is non-intrusive to normal HR operations.  

Confidentiality

We never disclose client firm identity without specific permission (e.g. for reference purpose to a specific client prospect). 

Provide complete confidentiality to our client firms NEW EMPLOYEES, including the reason for elgibility.  

WORK OPPORTUNITY TAX CREDIT PROGRAM (WOTC)

Employers are eligible for Tax Credits for each NEW eligible employee hired. Eligible employees must meet any 1 or more of 14 eligibilities defined by law/IRS in 2016:

• Veterans (5 definitions)

• Welfare Recipients (2 definitions)

• Food Stamp Recipients (2 definitions)

• People with Disabilities

• Social Security Disability

• Ex-Felons

• Long term Unemployment

• Empowerment Zone Residents

If retained in employment the employer is eligible for a Tax Credit; maximums of:

$9,600 Disabled Veteran (unemployed 6+mos.)

(Max basis: 1 year – 40% of 1st $24,000 earnings)

$9,000 for Welfare recipients

(Max basis: 2 year retention, 40% 1st year + 50% 2nd year)

$5,600 Unemployed Veteran (6+mos.)

(Max basis: 1 year – 40% of 1st $14,000/1 year)

$4,800 Disabled Veterans

(Max basis: 40% of 1st of $12,000/1 year)

$2,400 for 10 other groups (above)

(Max basis: 40% of 1st $6,000/1 year)

NOTE: Minimum retention for a partial tax credit of 25%: 120 hours

Minimum retention for a FULL tax credit of 40%: 400 hours