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Maximizing Tax Credits to Rebuild and Support Employees

The damage from a severe hurricane meant one large food service franchise incurred major losses at several of its stores, experiencing a period of inoperability. Businesses deemed “inoperable” after a natural disaster still must pay exempt employees and some employers rally to provide employees with interest-free loans, paid time off, and more—even though the financial pressure on the business is immense. One major national franchise was struggling with these payments for several locations in a complete shutdown following a severe hurricane.

The total eligible employee retention tax credit for paying employees during the shutdown was only $7,000 per store. Maximus analyzed sales data following the reopening of all affected stores and discovered a 40% decline in sales during the first week back. Meaning? This first week could be considered for additional inoperable days to offset the maximum amount and earn a higher employee retention tax credit.

In the end, these additional inoperable days helped raise the increase in tax credit savings by an astonishing 871% per store. Using these same kinds of calculations, Maximus recovered the same amount for each of the client’s impacted locations through its tax credit services.

Compliance Continuity

Notable financial credit increases to meet obligations set forth by the Fair Labor Standards Act (FLSA).

No Opportunity Missed

In-depth analysis of all qualifying factors of inoperability to make the most of available funding.

Relief from Financial Strain

Exponential gains in tax credits for more funds available to employees without a crippling burden.