The Tax Break Tax Credit Processing Center assists small businesses in identifying and filing the tax credit and government incentive programs that over 90% of businesses overlook.
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Small Biz Tax Credits may be worth $25,000 to $100,000+ annually. There are dozens of possible credits, including:
Work Opportunity Tax Credit (WOTC) The Work Opportunity Tax Credit is a federal hiring incentive that provides a tax credit of up to $2,400, $4,800 and $9,000 per eligible employee if your company is hiring any one from specific groups.
Empowerment ZonesThe federal government has designated certain economically depressed zones as tax advantage areas. If your business is located in an Empowerment Zone (EZ) and you employ individuals living in the same area, you can earn credit against your federal tax liability up to $3000 per qualified employee. In addition, the businesses located within the zone may be entitled to increased tax expensing of equipment purchases and tax incentives for environmental remediation.
Research & Development Credit The Research & Development Tax Credit (R&D) offers tax incentives and expensing of costs for investments, research efforts of qualifying companies to develop new or improved products/processes in their businesses. This credit is not just for the more technical companies as it is often thought to be
State Tax Credit ServicesThere are a myriad of available state tax credits and incentives which vary by state, industry and geographical location. These are offered for, but not limited to, job creation, training and education, investment, expansion, research and development, sales and use tax abatement, real and personal property tax abatements, environmental exemptions, headquarters tax credits and child care tax credits.
These tax break solutions are available on a virtually no risk/contingency basis, where fees are directly related to the actual tax credit savings identified and processed.