Did you know that you can stack Hiring Incentive Tax Credits?

Most employers have no idea. 

Use this survey to find out what you’re company is entitled to: 

It’s just been one different set of rules after another for business owners!

Take Jim Cory (owner) who resumed dining service at Jimmy’s Roadhouse in rural Newaygo, MI and now faces a threat by the state health department to revoke his licenses.

Corey complained (rightly so) that the governor “throws up something different every time you turn around.”

The owner said Jimmy’s Roadhouse has been in his family since 1970 and estimates he's lost about $65,000 since mid-March, when the governor told restaurants to close dining rooms and offer only takeout.

Cory says he received a loan from the federal Paycheck Protection Program, he said the money can only be used to pay his employees.

This astute business owner may now be looking at Business Refund for emergency relief for business owners that has no upfront fees.

Tax law provisions are available to help businesses recover financially from the impact of this disaster.

By completing a quick survey, the software will search hundreds of Local, State, and Federal programs that fit their qualifications and help them claim their benefits, often with a check arriving in 3-6 weeks that does not have to be paid back.

 

The R&D credit is reward for innovation and problem-solving...

 ...and there's really no industry limitation.

Any business that is eliminating technical uncertainty in the development of products or experimenting and relying on science to really develop a product is a very good candidate for an R&D credit.

Anyone looking to leverage the R&D tax credit should first visit BusinessRefund.com and then consult with their accounting team.

Are you getting paid for new hires and existing employees?

  

If not, you should be. 

Check here for your companies eligibility. 

Credit Card Audit with no upfront fees and no changing providers?

 

A credit card audit should focus solely on expense reduction within the payments industry and should be a two-phase approach to expense reduction in the payments industry for businesses.  

1. First, correct the processing plan to reflect the most competitive plan type and rate, using formulated, specific asks of the existing provider.  

2. Second, assist the client to further reduce the non-negotiable fees through processing optimization and help qualify payment transactions at lower interchange rates by passing through additional processing data.

The highest success rate for merchants that process credit card transactions are where the card is not physically present. This is referred to as a Card Not Present (CNP) environment, and includes B2B and eCommerce companies.  

Companies processing card payments between $1M and $20M on an annual basis typically have the largest potential savings opportunity.  

For card present locations, where the credit card is physically swiped at a terminal device, there may still be significant savings. As such, those types of merchants should never be overlooked or immediately disqualified.

A no upfront fee credit card audit can performed in seconds at Business Refund.

WOTC is a win-win for business owners and disabled workers.

 

The Workers Opportunity Tax Credit (WOTC) can save you thousands of dollars and employ a largely overlooked workforce such as disabled workers.

Other potential hires who qualify for the credit include certain lower-income individuals, qualified veterans, and ex-felons. It’s even possible that you have already hired someone who qualifies, so be sure to check as part of your tax planning. In fact, many people who have been on unemployment assistance as a result of COVID-19 will qualify for this program.

See your results in seconds ($2400 - $9600 per employee) with live assistance Mon-Fri 9am-5pm EST 

at YourWotc.com

Multifamily Properties and Engineered Based Cost Segregation

 

Cost segregation is a tax benefit that is not well known. Cost segregation is a strategy used by property owners to maximize the amount of depreciation taken each year.

This kind of depreciation expense is one of the major tax benefits of multifamily ownership because it helps to reduce the property’s tax liability without impacting the cash available for distribution. Commercial property owners, such as a multifamily property, have a strong incentive to take as much depreciation as they can each year. One of the ways this can be done is through a cost seg study (with no upfront fees).

Without cost segregation, tax rules allow multifamily assets to be depreciated over 27.5 years using a straight-line schedule. Cost segregation involves reviewing every aspect of a property and segregating its components into different buckets for which depreciation can be accelerated. 

By dividing a property into its components and depreciating them over a shorter time period, depreciation expense is maximized, and the resulting tax liability can be significantly reduced. Over a 10-year investment holding period, the tax savings from using cost segregation can be significant.

Depreciation is a noncash expense, meaning that it does not represent money that the property owner paid to another party. It is an accounting concept that does not impact the property’s cash available for distribution.

The benefits include:

*Increased Cash Flow

*Minimizes Taxes

*Catch Up Benefit (no amending returns)

*Free Up Money For Investments

Now you can see your benefits in seconds.