SimTax

What SimTax does

SimTax is a Cleveland, Ohio-based accounting firm founded in 1993 that specializes in administering the federal Work Opportunity Tax Credit (WOTC) and Empowerment Zone Employment Credits on behalf of U.S. businesses. The firm handles eligibility screening, certification processing, compliance reporting, and staff training, claiming to perform roughly 99% of the administrative burden while requiring only 1-2 minutes per new hire from clients. Each certified WOTC hire can yield up to $9,600 in first-year federal tax credits, and Empowerment Zone hires can add up to $3,000 annually thereafter.

The firm operates on a pure contingency-fee basis — clients pay nothing unless SimTax successfully secures the credit — and signs multi-year contracts. Go-to-market is sales-led, driven by executive outreach (President Marilyn E. Simms, CPA, and Executive Vice President Scott A. Bilsky) and anchored by the firm's membership in the Ohio Health Care Association (OHCA), which gives SimTax direct referral access to more than 800 nursing facilities, assisted living communities, and intermediate care facilities.

SimTax serves "hundreds of clients in dozens of industries," with a concentration in healthcare, restaurants, and staffing, and additional exposure to retail, light manufacturing, banks, and professional sports franchises — verticals that typically hire entry-level hourly employees with high WOTC qualification rates. The firm maintains an active governmental affairs presence in Washington D.C. to support extensions and modifications of WOTC and Empowerment Zone legislation, and partners with Advance Payroll as a value-added referral for staffing clients. The company is privately held with 1-10 employees and no external funding history.

Name

SimTax

Legal name

SimTax

Website

https://simtaxusa.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Short description

SimTax is a Cleveland, Ohio accounting firm founded in 1993 that administers federal Work Opportunity Tax Credits and Empowerment Zone Employment Credits for U.S. businesses on a contingency-fee basis, serving hundreds of clients with a primary focus on healthcare, restaurants, and staffing.

Ownership category

akta.pro rank

Headquarters

HQ city

Cleveland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Performance-based tax credit consulting fees: SimTax operates on a success-fee basis, charging clients only when tax credits are successfully obtained. The company explicitly states 'You do not assume any financial risk by signing a contract with us. We only charge a fee if we are successful in obtaining tax credits for your company.' This is a pure outcome-based revenue model.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

SimTax is a tax credit administration firm that helps businesses reduce Federal Income Tax liability by identifying, screening, and processing Work Opportunity Tax Credit (WOTC) and Empowerment Zone Employment Credit claims for newly hired employees. The firm handles approximately 99% of the administrative work for WOTC certification, requiring only 1–2 minutes per new hire from clients, and operates on a contingency fee basis charging only when credits are successfully obtained.

Product overview

SimTax offers a unified tax credit administration service focused on helping businesses reduce Federal Income Tax liability through two main tax credit programs: the Work Opportunity Tax Credit (WOTC) and the Empowerment Zone Employment Credits. The company provides end-to-end administrative services including eligibility screening, certification processing, staff training, and compliance reporting. SimTax charges on a contingency basis—only collecting fees when tax credits are successfully obtained for clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Work Opportunity Tax Credit (WOTC) Administration Administrative services to help businesses obtain Work Opportunity Tax Credits of up to $9,600 per eligible new hire certified for WOTC, including eligibility screening, certification processing, and compliance reporting. Designed for U.S. businesses that hire entry-level hourly employees, with concentration in healthcare, restaurants, and staffing.
• Empowerment Zone Employment Credits Administration Services to help businesses located in Federal Empowerment Zones obtain employment tax credits of up to $3,000 per qualified zone employee annually, with a 20% credit on the first $15,000 of wages. Targeted at employers operating in designated federal Empowerment Zones who hire qualifying zone residents.

Quantifiable outcome

• Businesses can earn tax credits of up to $9,600 per qualified new hire during their first year of employment
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• Ohio Health Care Association (OHCA)coreGTM or Marketing PartnerSimTax is a proud member of the Ohio Health Care Association, which represents more than 800 nursing facilities, assisted living communities, and intermediate care facilities. This membership provides SimTax with direct access to healthcare industry decision-makers and serves as a key marketing and referral channel for tax credit services targeting the long-term care sector.
• Advance PayrollminorGTM or Marketing PartnerAdvance Payroll is identified as one of SimTax's 'value-added partners.' Advance is the nation's largest independent provider of integrated funding solutions to the contract labor and temporary staffing industries, offering customized payroll funding with flexible advance rates. This partnership provides additional services to SimTax's staffing industry clients.

Scale indicators2 records

Recent moves5 records

Expansion highlights3 records

Market position

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SimTax