TaxBreak Founder and CEO Frank Brown Retires; Shannon Scott Appointed President and Chief Executive Officer

For Immediate Release
January 4, 2010

Gadsden, Alabama—TaxBreak, the leading expert in state and federal government tax credit processing, announces today that Founder and CEO Frank Brown has retired, passing the CEO position onto TaxBreak President, Shannon Scott.

Brown founded TaxBreak in 1998 while serving as a tax attorney in Alabama. His work in assisting his clients in taking advantage of federal tax incentives inspired him to form a company to help make the incentives more accessible to all business owners.  Since founded 11 years ago, the company has grown into a healthy and vibrant business with more than 400 clients who make up about 75,000 business locations throughout the nation. Brown takes great pride in the company’s appearance on Inc. 500’s list of Fastest Growing Companies for two consecutive years and its ranking on the Inc. 5000 list for 2009. Aggressive plans for repeating Inc. 500 level growth and building stronger industry partnerships are key goals anticipated under Scott’s leadership.

“It is very rewarding to see a vision come to life and become a profitable business. I am grateful to the many people who have dedicated themselves and contributed throughout the years and especially for the clients who have trusted TaxBreak to serve them,” said Brown.

Since 2007, Brown has trusted Scott to manage day-to-day operations. Together, they have guided the creation and development of a company that is changing the way employment tax credits are managed. As President, Scott has streamlined operations, increased processing capacity with the development of proprietary software, built the company’s partner network and opened doors that have allowed the company to double in size every year since he joined the firm three years ago.

“We have experienced tremendous growth in the last three years as the business climate and government legislation have worked together in our favor. I have a very supportive and over-qualified staff of executives who are eager to continue the company’s rapid growth,” added Scott.  “I am grateful for the opportunity to lead TaxBreak and look forward to much continued success.”

For now, Brown will remain chairman of TaxBreak and focus on operating The Business Incentives Group (tbigtax.com) and a new non-profit venture to help high-risk individuals find employment. He plans to stay active with the American Bar Association and the Alabama Bar Association.

About TaxBreak
TaxBreak was founded in 1998 and is made up of an acclaimed team of tax attorneys, technology and financial executives committed to delivering tax credit consulting and processing to companies of all sizes. The Gadsden, Alabama-based organization boasts proprietary software that enables them to accurately determine the tax credit eligibility of company employees, including those who qualify for work opportunity tax credits, disaster relief credits and geographic based credits, among others. For more information, visit TaxBreak online at www.taxbreakllc.com.

Avionté Staffing Software Expands Service Offering With TaxBreak Partnership

Integration of TaxBreak’s tax Credit processing software with the Avionté Staffing Software system will allow end users to automatically qualify candidates for government incentives.

Gadsden, Alabama—Avionté, a provider of staffing industry technology solutions, and TaxBreak, the foremost expert and leading provider for Business Capital Recovery services, announce today an alliance to deliver TaxBreak’s tax credit processing services to staffing agencies through integration with Avionté’s front- and back-office staffing software. The integration will add a new level of service to Avionté’s already robust offerings and make it easier for staffing firms to prequalify applicants for government tax credits and incentives.

Avionté has seen a surge of new clients in 2009 as staffing firms look to vendors that can offer additional services as part of their application suites.  Services such as assessments and background screening are becoming critical integrations clients expect from their technology provider. And as the providers experience success with these integrated services, they recognize that forming new alliances with tech-savvy companies can help differentiate their offering and make the software package as whole more appealing to the staffing firms.  The newly formed alliance with TaxBreak takes Avionté one step further in providing a holistic solution to its clients.

TaxBreak welcomes the partnership as an excellent opportunity to make its services more accessible to the staffing industry. The integration with Avionté will allow candidates to answer qualification questions and provide key information to TaxBreak during the application process. Staffing firms will be able to tell immediately whether or not an applicant is eligible for such government incentives as the Work Opportunity Tax Credit, Empowerment Zone or Disaster Relief Credits, among thousands of others offered at the state and federal level. This allows recruiters to screen for eligibility before making an offer, thereby increasing their chances for credits.

“We are very optimistic that our alliance with Avionté will be a boon to its staffing clients who have the potential to greatly increase their cash flow by taking advantage of government tax credits and incentives,” said Shannon Scott, TaxBreak President. “We once helped a large staffing firm collect $6 million in tax credits and incentives that had been overlooked by a previous provider. While we realize this is more an exception than a rule, it definitely illustrates the financial benefits these firms stand to gain by using our service.”

“Each year staffing firms forfeit millions of dollars by not taking advantage of the federal and state tax credits available to them. So many of our staffing software clients have let these credits go unclaimed because they felt the process was too complex and time-consuming. We are excited about the ability to change this situation by bringing a seamless and simple integration that will truly affect the bottom line.” said John Long, CEO for Avionté.

For more information on Avionté’s staffing software solutions, visit www.avionte.com.  To learn more on how to take of advantage of TaxBreak’s tax credit processing service, visit www.taxbreakllc.com.

About TaxBreak
TaxBreak was founded in 1998 and is made up of an acclaimed team of tax attorneys, technology and financial executives committed to delivering tax credit consulting and processing to companies of all sizes. The Gadsden, Alabama-based organization boasts proprietary software that enables them to accurately determine the tax credit eligibility of company employees, including those who qualify for work opportunity tax credits, disaster relief credits and geographic based credits, among others. For more information, visit TaxBreak online at www.taxbreakllc.com.

About Avionté Software

Avionté Staffing Software offers the industry a complete front-and back-office software solution. Creating simplicity and a strong user experience without sacrificing functionality, Avionté includes resume parsing, Dashboard, Outlook® integration and a full suite of applicant, client and employee Web Portals. For more information, please visit www.avionte.com.

TaxBreak Named #572 on Inc.5000

TaxBreak Ranks No. 572 on the 2009 Inc. 5000 With Three-Year Sales Growth of 473.1%

Inc. magazine ranked TaxBreak NO. 572 on its third annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies.  

Thank you to our dedicated team of employees, partners and clients who work together to manage this process. You deserve the credit for allowing TaxBreak to experience such success. We are honored to be a part of the Inc. 500/5000 list of the nation’s fastest growing private companies for the 3^rd consecutive year. The federal government has already extended many government incentives until 2011 and we are looking forward to another year of unprecedented growth.

More on this award: http://www.inc.com/inc5000/2009/company-profile.html?id=200905720

Staffing Software Provider eEmpACT Enters Strategic Partnership With Business Expense Recovery Solution Expert TaxBreak

New alliance helps joint customers more easily identify potential tax credits

eEmpACT Software (part of the Bond International Software group — a global staffing software company, enters a strategic alliance with TaxBreak, the foremost expert and outsourced processor of government tax credits. This partnership empowers joint customers of eEmpACT and TaxBreak with greater ability to identify potential tax credits for job placements.

It is crucial that eEmpACT clients in the staffing services arena be aware of tax credits as they relate to individuals prior to filling job orders. Typically, identifying individual worker tax credits has involved an arduous, paper-filled process, but identifying such tax credits is vital to ensure staffing companies do not spend more tax dollars than necessary.

“TaxBreak is very responsive and they are interested in you as a company,” states Wayne Williamson, owner of Willstaff Worldwide, client of both TaxBreak and eEmpACT. “They are efficient and good at what they do. They went back and found $8 Million worth of past tax breaks for which we were eligible and did not know about. The key is they take care of you as a customer.”

Brad Hughes, President of The Hughes Agency, and another client of both TaxBreak and eEmpACT reiterates the claim by owner of Willstaff Worldwide and comments further on the efficiencies to be gained by the new partnership. “When we went with TaxBreak, they did an audit and found an additional $127,000 that another company didn’t,” he states. “The integration between TaxBreak and eEmpACT will make the process virtually painless.”

“In working with TaxBreak, we have finalized a complete integration to make the processing of tax credits as paperless and seamless for staffing firms as possible,” affirms Claudette Jaswa, Vice President of Sales and Marketing, eEmpACT. “Our new partnership will provide our joint clients a great deal more in terms of usability.”

“We are convinced that this relationship will help both clients of TaxBreak and industry leading staffing software provider eEmpACT, become more effective,” agrees Shannon Scott, President of TaxBreak. “We have always set out to improve efficiencies for our clients by aligning with industry leaders and have certainly accomplished that with this strategic alliance.”

Learn more about the staffing software provided by eEmpACT or the business expense recoverysolutions offered by TaxBreak by visiting the company websites.

WOTC Filing Deadline Extended: Disconnected Youth and Unemployed Veterans

Reminder: October 17^th is now the deadline to file for certification of Unemployed Veterans and Disconnected Youth hired after January 1, 2009 and before September 17, 2009

Companies who plan to take advantage of this tax credit will need to complete Form 8850: Pre-Screening Notice and Certification Request for the Work Opportunity Credit for each qualified individual hired January 1 and before September 17, 2009. Companies who hire individuals in these two categories are eligible for a maximum $2400 tax credit for each qualified new hire.

The American Recovery and Reinvestment Act of 2009 signed in March 2009 expanded the definition of new hires who qualify for Work Opportunity Tax Credits to include unemployed veterans and disconnected youth. These two new categories of workers are defined in more detail below and the statutes are in place through 2010. Certification by the state workforce agency is required.

Unemployed Veterans. Any veteran that has been discharged or released from active duty in the Armed Forces at any time during the 5-year period ending on the hiring date, and has received unemployment compensation under State or Federal law for not less than 4 weeks during the 1-year period ending on the hiring date.

Disconnected Youth. Any individual who is certified by the designated local agency aged 16-24, who is not regularly attending any secondary, technical or post-secondary school during the 6-month period preceding the hiring date, or who was not regularly employed during such 6-month period, and is not readily employable by reason of lacking a sufficient number of basic skills.

TaxBreak can help! We offer assistance in processing and tracking documentation for companies who hire individuals from disadvantaged work groups. Up to 20% of hourly employees qualify for a business for a work opportunity tax credit. For more information on tax credit processing and available business incentives, contact TaxBreak at 1-800-992-0163 or info@taxbreakllc.com.

TaxBreak and MyPaperlessOffice Announce Strategic Alliance

Integration of TaxBreak’s technology with the MyPaperlessOffice HRIS enables streamlined employee tax credit processing

 TaxBreak, the foremost expert and outsourced processor of government tax credits, announced today a partnership with MyPaperlessOffice, a leading provider of hosted HR and payroll software solutions. The partnership will allow TaxBreak to deliver employee tax credit processing to MyPaperlessOffice clients through a seamless integration of its services with the MyPaperlessOffice human resources information management system (HRIS/HRMS).

TaxBreak processes tax credits by various methods for more than 75,000 company locations nationwide; however, the company’s proprietary software has given it a boost in recent years as more small to mid-size companies adopt human resources technology to manage their administrative functions. This trend paired with a closely aligned client base makes the partnership with MyPaperlessOffice a natural fit.

“We were contacted by TaxBreak upon the request of a joint client and found their expertise and technology to be complementary with our existing product and service offering,” said Susie Kendall, MyPaperlessOffice President. “We are excited to be able to deliver this valuable service to our clients.”

“TaxBreak is delighted to partner with MyPaperlessOffice to help its clients benefit from government employment incentives,” said Shannon Scott, President for TaxBreak. “Historically, the tax credit process has been too time and paperwork intensive for most businesses to manage. But today, by obtaining specific information during the application process, TaxBreak is able to qualify the candidate for the tax credits within a matter of minutes and potentially save the client thousands of dollars in income taxes.”

TaxBreak and MyPaperlessOffice will work closely together to provide the highest level of integration possible so companies can efficiently submit new hire and payroll data to TaxBreak for credit calculation and processing.

TaxBreak Announces Acquisition of TaxBreak Solutions

Purchase Solidifies TaxBreak’s Position as Largest Independent Tax Credit Processor

TaxBreak, the leading expert and outsourced processor of government tax credits, announced today it has acquired TaxBreak Solutions, an independently-run group of master sales agents. The acquisition and merger of the firms establishes TaxBreak as the nation’s largest independent tax credit processor serving more than 75,000 client locations, and expands the company’s sales presence.

TaxBreak’s acquisition of TaxBreak Solutions reaffirms its commitment to customer service and company growth by more closely aligning the agent team with the corporate entity. This will enable the agents to better service clients who reside in their territory and gives the agents direct access to company management. “In addition to growing our national presence, we believe the acquisition will allow us to provide better support to existing clients. With agents present in 46 states, TaxBreak has more widespread market coverage in case a client has an immediate need that requires a company representative to be onsite,” stated Shannon Scott, TaxBreak President.

TaxBreak Solutions has historically functioned as a recruiting firm assembling agent teams for a number of companies including TaxBreak. However, in recent months, the company’s core focus has shifted from recruiting new agents to leading and managing the large team of agents it had assembled for TaxBreak. Charles Thompson, formerly with TaxBreak Solutions, will join the TaxBreak team as Vice President of Channel Partnerships and is looking forward to renewing his focus on recruiting the best sales talent. “TaxBreak’s leadership team is dynamic and visionary, and their ability to lead and manage the sales team will allow the agents to be more productive. It will also give me the ability to increase the number of highly-talented agents in field,” said Thompson.

“TaxBreak Solutions has done an excellent job assembling a group of key individuals to represent TaxBreak,” added Scott. “With this buy, we gain not only a better relationship with the agents, but also a team of recruiters who know the qualities of effective sales agents. The ability to continue to recruit at this level is essential to our success as we continue to expand the company.”

The addition of TaxBreak Solutions’ sales force and client base establishes TaxBreak as the nation’s largest independent provider tax credit processing. The company’s more than 200 partners and 100 sales agents, in addition to its proprietary software, position the company for continued rapid growth. They expect double the number of agents in the field and expand its presence from 46 states to all 50 states by 2010.