My nephew down in Mississippi found over $286,000 in tax incentives in seconds and he knows very little about taxes, so we'll be working closely with his CPA/accountant and doing 98% of the work!! BusinessRefund.com
Our Average Business Client Receives Over $240,000 in Benefits. Get an Estimated Benefit in 30 Seconds BusinessRefund.com
Friday, August 11, 2023
Wednesday, August 9, 2023
Why even look at tax incentives for your business?
Here are some reasons why you might want to consider looking into tax incentives:
Cost Savings: Tax incentives can lead to significant cost savings for your business. By taking advantage of available credits, deductions, and exemptions, you can reduce your overall tax liability, leaving you with more funds to reinvest in your business.
Cash Flow Improvement: Tax incentives can positively impact your cash flow. When you pay less in taxes, you have more working capital available for day-to-day operations, expansion, or investments.
Encouraging Specific Behaviors: Governments often use tax incentives to encourage certain behaviors or activities that benefit the economy or society. For example, incentives might promote research and development, renewable energy adoption, or hiring in certain regions.
Stimulating Growth and Investment: Some tax incentives are designed to encourage businesses to invest in their operations, which can lead to growth, job creation, and improved productivity.
Competitive Advantage: Taking advantage of tax incentives can give your business a competitive edge. If your competitors are utilizing these incentives to lower their costs, it might put you at a disadvantage if you don't explore similar opportunities.
Support for Innovation: Many jurisdictions offer tax incentives to support research, development, and innovation. If your business is engaged in innovative projects, these incentives could help fund and advance your efforts.
Compliance and Reporting: Exploring tax incentives requires a thorough understanding of tax laws and regulations. Engaging with these incentives might prompt you to improve your financial record-keeping, compliance practices, and reporting accuracy.
Industry-specific Incentives: Certain industries have specific tax incentives tailored to their unique needs and challenges. Researching industry-specific incentives can help you optimize your tax strategy.
Sustainability and Corporate Social Responsibility: Tax incentives related to environmental sustainability and social responsibility can align with your company's values and demonstrate your commitment to these causes.
Local Economic Support: Many regions offer tax incentives to attract businesses, create jobs, and boost the local economy. By utilizing these incentives, you contribute to the economic development of your community.
It's important to note that tax laws and incentives vary by jurisdiction and can change over time. Search 100's of specialized municipal, state and Federal programs with our proprietary software and see your benefits in seconds!!!
A few reasons why businesses should consider seeking tax incentives...
Monday, August 7, 2023
Tuesday, August 1, 2023
Is there such a thing as free money to help your US business?
The government wants to give you FREE money!
Wednesday, July 26, 2023
98.2% of Fortune 500 companies use an application tracking system in the hiring process.
TMS allows any business with employees to track and claim all of their available tax credits, including the ERC and WOTC.
Find the funds you are missing out on, and increase cash flow with ease.
IMMEDIATE FUNDS + MONTHLY TRACKING
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A HUMAN RESOURCES SOLUTION, BUILT-IN
Track credits for your current employees, potential job candidates, and even past employees retroactively.
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We simplify the process and remove the confusion. Everything is completed quickly and online.
A REPUTABLE COMPANY.
Our TMS has been in service for over 10 years, and we've been a leader in the Specialized Tax Incentives industry for 25 years.
The cost: $5/mo with no contract required, try it for a few weeks, then cancel if you feel it's not worth $5
Monday, July 24, 2023
Why take the worker's opportunity tax credit?
- It provides a federal tax credit for hiring employees from certain targeted groups that have traditionally faced barriers to employment. Eligible groups include veterans, ex-felons, those on public assistance, and those living in empowerment zones.
- The tax credit amounts to up to $9600 per eligible employee hired. So it can provide a significant cost savings on taxes for employers.
- It incentivizes employers to diversify their workforce by hiring from demographics they may not have considered or tapped into before.
- It can help employers fill positions when there is a shortage of qualified candidates. The tax credit makes hiring from the eligible groups more advantageous financially.
- By creating employment opportunities for the targeted groups, it aids in reducing unemployment for populations that tend to have higher jobless rates.
- The employer gets a social benefit of helping individuals who likely want and need jobs in order to gain skills, income, and stability.
So in summary, the key reasons an employer may want to claim the Worker Opportunity Tax Credit are the significant federal tax savings, the incentive to diversify hiring practices, help filling open positions, reducing unemployment for disadvantaged groups, and gaining a social benefit for the company's image. The credit aims to achieve both economic and social goals.