Paradigm Partners Introduces HIREtech Application to Assist Hiring and Location Incentives Clients

Jan. 17, 2011 - PRLog -- Paradigm Partners, a niche tax consulting firm, has introduced the HIREtech Application to help their clients maximize the tax benefits derived from state and federal hiring and location tax incentives.

HIREtech was developed with three objectives. First, to provide real time information to our clients about their new hires with respect to hiring and location incentives such as WOTC, HUD Zone, HIRE Act, Ticket to Work and the Indian Tax Credit.  Secondly, to maximize these benefits to our clients. And lastly, to provide a backbone for our production staff so that each member knows exactly what needs to be accomplished every day to maximize the benefits to our clients.

Zee Makhani, Managing Director, relates “The amount of paperwork became daunting and I was concerned that some potential credits would slip through the cracks. I saw a need to automate the process to help our production staff be more efficient and make sure that our clients received every tax incentive to which they were entitled. Once we began designing the system, it became apparent that we could also provide real time information that our clients could access through HIREtech.”

The HIREtech system provides a window into what we do for our clients. The Dashboard Reporting System provides a client with the latest information on each new hire, the credit status for that employee; either pending or certified and the amount of the credit.

In order to have real time information, HIREtech has the ability to upload the most current payroll information. Since most tax incentives have both hours worked and salary thresholds, integrating HIREtech with the payroll system was imperative.  There may be some situations where an employee is only a few hours away from qualifying and having this information available will help make a good business decision on those employees that are approaching the finish line.

HIREtech will also catch if a new hire has not been screened. This is critical because some incentives have filing deadlines. For example, WOTC has a 28 day window to file for the credit and if you miss that window, you’ve lost the WOTC credit. In this way, HIREtech helps to maximize the tax incentives for our clients.

Zee Makhani says “The biggest issue facing employers is the reluctance of many new hires to discuss directly with their employer or manager the assistance programs in which they are involved that can qualify them for a tax incentive. It’s embarrassing to them.”  In order to alleviate this issue, Paradigm offers a phone screening service and the ability for new hires to answer these sensitive questions online. New hires are much more likely to provide this important and necessary information because both options are seen as a third party not as their employer.

Each client receives standard Quarterly Reports and Status Updates.  However, if the client needs customized reports, HIREtech can produce those as well.

As with any system that includes confidential information, HIREtech resides in a highly secure environment. Zee Makhani adds “We work directly with companies but many of our clients are brought to us through partnerships with payroll companies, CPA firms and staffing companies so security is extremely important.”

HIREtech addresses our clients’ biggest issues and provides the necessary information to them and our production staff to maximize the benefits to our clients.

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Paradigm Partners is a national tax consulting firm specializing in niche tax services: the R&D Tax Credit, Sales and Use Tax, the IC-DISC (US Exporters' Tax Incentive), Hiring Tax Incentives, Energy Efficiency (Section 179D) and Cost Segregation Studies.