RetroTax
RetroTax is a full service tax credit administration platform that allows your company to generate federal and state tax credits based on the employees you hire, locations you open, and growth you experience. We help organizations turn HR into a profit center. Our integrated offering reduces the amount of time and administrative burden spent managing these programs, and all work is on a contingent fee, which means no risk, all reward.
Seamlessly Screen New Hires
As you hire and onboard new employees, RetroTax is there to help you screen these employees for potential tax credits. All new hires receive a tax credit questionnaire to complete, and RetroTax takes the process from there, handling the certification process from start to finish.
Monthly Activity Reporting
RetroTax clients receive monthly reports to keep on top of tax credit activity. At glance, track number of new hires screened, pending certifications, and applications approved for tax credits.
Contingent Fee Pricing
You only pay if we are successful in generating credits for your company. No risk, all reward! On an annual basis, we’ll reach out to you for payroll data to create a final tax package that your CPA/tax counsel can use to apply the credits directly to your company tax returns.
Additional Programs Available
RetroTax can also help your company administer other federal and state tax credit and incentive programs. During our introductory appointment we will discuss the availability of other programs in your area and industry.
How it works.
Upon integration RetroTax will confirm your ability to utilize federal income tax credits and discuss other tax savings programs that may be available to you. From there, the integration allows simple and seamless screening for tax credits. New hires complete the tax credit questionnaire during the onboarding process, and our integration with BambooHR takes it from there. The integration allows RetroTax to submit applications daily for certification to the respective State Agency, ensuring maximum tax credit eligibility.
What data syncs?
| BambooHR Field | Sync Direction | RetroTax Field |
|---|---|---|
| First Name |
|
First Name |
| Last Name |
|
Last Name |
| Address Line 1 |
|
Address Line 1 |
| Address Line 2 |
|
Address Line 2 |
| City |
|
City |
| State |
|
State |
| Country |
|
Country |
| Zip Code |
|
Zip |
| State Code |
|
State Code |
| SSN |
|
SSN |
| Location |
|
Location |
| Hire Date |
|
Hire Date |
| Original Hire Date |
|
Original Date |
| Last Changed |
|
Last Changed |
| Termination Date |
|
End Date |
| Best Email |
|
|
| BambooHR Employee ID |
|
BambooHR ID |
| Date of Birth |
|
Date of Birth |
Monday-Friday
At BambooHR, our mission is to set people free to do great work. We created the BambooHR Marketplace with that in mind. The Marketplace gives you access to high-quality integrations from our partners, allowing you to do even greater work. All Marketplace partners are vetted for security, target market fit, and solution fit to ensure that their integrations solve your real-world needs. To help you choose the best integrations, we’ve organized the most-used integrations into Pro and Elite tiers.
Elite integrations are the most used apps in our marketplace. Enjoyed by hundreds, and in some cases thousands of customers, these integrations have the most satisfied customers and have a track record of helping BambooHR customers achieve their potential.
Pro integrations are proven integrations with high customer satisfaction and are growing in popularity (usage) and utility.
