Are You Missing Out on Millions of Dollars in Tax Credits & Incentives

Each year, businesses overlook millions of dollars in Tax Credits and Incentives. Furthermore, billions of dollars of local, state and federal tax credits and incentives are unclaimed. Businesses can retain more of their revenue and increase cash flow by taking advantage of tax incentives and credits. Business Tax Credits and Incentives Consulting can help your corporation take full advantage of the programs offered, while building a solid workforce. Consultants can change the way your company conducts business in 2011.

Business and Tax Credits Incentives Consulting can identify opportunities where your corporation can save money and maximize the amount of credits and incentives available. We will inform your corporation of current regulations regarding incentives. Our company will also submit agency forms, calculation credits, file appropriate taxes and maintain records. We will ensure that the corporation remains in 100% compliance.

Our company will review your corporation’s business practices and determine which incentives are applicable to your situation. We will gather information related to eligible corporate tax incentives and document your deductions on your tax forms.

Common corporate tax incentives are provided for your edification:

Federal HIRE Act Program

On March 18, 2010, the Federal HIRE Act program was signed into existence to provide incentives to companies who hired unemployed individuals or part-time workers. The companies receive a Business Tax Credit and a Social Security Exemption.

Work Opportunity Tax Credit (WOTC)

Nearly, 20% of employers are eligible for tax credits of $9,000 or more for hiring employees. Our company can help you receive the tax benefits that you deserve. If your company hires long-term welfare recipients, the company is eligible for WOTC under the Long-Term Family Assistance Program. Corporate tax incentives are available for up to $9,000 per employee, as well as, disabled veterans and individuals in the Designated Community Resident target group. Up to two years of the employee’s wages may be eligible. This program is extended through August 31, 2011.

Federal Empowerment Zone Credits

The Federal Empowerment Zone (FEZ) Wage Tax Credit Program provides up to $3,000 per employee in corporate tax incentives for hiring employees in communities and zones that are economically disadvantaged. The corporation must also be in the zone where the employee resides and qualifies.

Research and Development Credits

Our company can also help your company receive corporate tax incentives for improvements made in research and product development. Tax liability deductions are available to corporations that implemented product and process improvements that were more cost effective or that engaged employee groups in research.

California Enterprise Zone Credits

California provides corporate tax incentives for businesses that hire ex-offenders, disabled persons, Native Americans or other socioeconomic designations. Additional credits may apply for business expenses, leasing, loan interest, equipment purchases and net operating losses.

State and Local Tax Incentive Programs

Corporations may qualify for various tax credits, such as geographic economic stimulus, expansion of jobs, hiring welfare recipients, wage-based incentives, environmental clean-up and training credits.

*For more information on implementing your tax credits and incentives program call 800-300-1821 or send us an email at info@pre-employ.com.

*We welcome relevant comments and questions from consumers, experts, and human resources professionals. Please do not submit comments with advertisements as they will not be posted publicly. Thanks for visiting our blog!