With David McMillian (McMillian & Assocates) from the 2015 Infinity Software User Conference

1. Creating New Opportunities
Through Tax Credits
Infinity HR Conference

2. Starting Point
Business Activities create Tax Credit
Opportunities. (Hiring, Training, Job Creation,
Investment, Research & Development, etc.)

3. Greater than 80% of companies do not
capture every tax credit opportunity.

4. Tax Credits
1. Economic Development – Attracting &
Retraining Businesses.
2. Awareness – Governments do not market
most tax credits to all businesses.
3. Focus – Niche, Heavy Compliance, Tax-
Oriented, Lengthy Approval & Certification
Processes.

5. How are Tax Credits Designed?
• Activity
– Training, Capital Expenditures, R&D, Hiring, etc.
• Location
– Located in Targeted Area for Economic Development
• Hybrid (Location & Activity)
– Located in Targeted Area & Hire or Create Jobs, etc.

6. Federal New Hire Tax Credit
• Work Opportunity Tax Credit
– Up to $2,400 or up to $9,600 per new hire
• 9+ Employee Target Groups
• Recipients of Foods Stamps, SSI Benefits, Temporary
Assistance for Needy Families, Unemployed/Disabled
Veterans, Felons, etc.
• Information must be submitted to government within
28 days of employee’s hire date

7. State Hiring Tax Credits
• State Hiring Tax Credits
– Additional Incentives for hiring qualified
employees (veterans, disabled individuals, state
benefits, etc.)
– Can range from $500 to $5,000 per qualified new
hire

8. More than you Think
• Examples
– 46 Million People on Food Stamps
– 4+ Million People on TANF
– 5.5 Million People on SSI Benefits
– 500,000+ Unemployed Veterans
*USDA, Social Security, VA, Dept. of Labor

9. Capturing New Hire Information
• Implement System that fits in current culture
and process.
– Digital: Online New Hire App (Vortax).
• Embed into InfinityHR

10. Why are Tax Credits Important?

11. How to Integrate New Hire Tax
Credits in less than 5 minutes
• Create New Workflow Step
– Settings > Workflow Management > Create
Workflow
• Include Client’s custom link to Vortax New Hire App
• Assign Workflow to New Hire
– Employee > HR Data > Workflows > Create
Workflow Instance
• Create Custom Report (Option)

12. Demo

13. Vortax
• Comprehensive New Hire Tax Credit Screening
(State & Federal)
• Access to Comprehensive State & Federal Tax
Credits through McMillian & Associates
• Free to Clients of McMillian & Associates
• Key New Hire Metrics & Reporting

14. How to Leverage Tax Credits?
• Prospects
– Added Competitive Advantage
– Offset Cost or Implementation of System
• Clients
– Add Value to Existing Clients
– Encourage Upgrades or to Purchase New Modules

15. Resources
• Free Tax Credit Analysis for Infinity Clients
• Access to Demo Video of Integration
• Comprehensive State & Federal Tax Credit
Services
• Discovery Questions for Client with Target
Industries & Activities

16. Questions

17. About MCA
• Our purpose & passion is to help businesses
create new opportunities.
• Core Values
– Family, Integrity, Excellence, Teamwork
• Founded in 1998 & history goes back to 1972
• Client Goals: Find More & Make it Easy
• Over 700 clients around the country.

18. MCA Clients

19. Contact Information
• David McMillian
– President, McMillian & Associates
– dmcmillian@mcataxcredits.com
– (706) 302-7095
– mcataxcredits.com, @mcataxcredits,