Accounting firms juggle tax compliance, financial planning, audits, and advisory services. Clients expect them to handle everything, but complex tax credits like R&D and WOTC require specialized knowledge, legal insight, and deep software integration that most firms don’t have in-house.
R&D tax credits are constantly evolving due to court rulings and IRS scrutiny. Eligibility depends on contract structures, and each agreement carries risks that require legal evaluation, not just accounting expertise. Misinterpretation can lead to audits and disqualifications, making specialized legal oversight critical for compliance.
WOTC relies on technology, yet most accounting firms lack the infrastructure to manage it effectively. AICPA ethical codes prohibit percentage-based fees, yet WOTC is structured in a way that makes hourly billing impractical. Partnering with a firm solves this, allowing accountants to offer WOTC without compliance concerns or software development costs.
Accounting firms should focus on their core services while leveraging expert partners for specialized tax credits. We provide the legal, technological, and billing solutions needed to handle R&D and WOTC efficiently—without adding unnecessary workload or ethical risks.
Federal Credit Advisors
Copyright © 2025 Federal Credit Advisors - All Rights Reserved.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.