Past-Employ.com's Corporate Tax Incentives Consulting
Our Corporate Tax Incentives Consulting service is one of the most effective ways to optimize your company's maximum tax credits, saving your company thousands of dollars each year in tax liability.
We approach your corporate tax incentives program with a proven three-phase system that includes:
- Thorough review of your company's business plans and corporate tax incentives that are consistent with your company goals,
- Securing the corporate tax incentives that maximize your company's qualifiable deductions, preparing all the documents, and
- Completing the process by determining whether your corporate tax incentives project was successful and exceeded your expectations.
Our solution focuses on capturing all eligible credits with the most knowledgeable accounting experts in the industry. In addition to reduced tax liability, we offer a proactive approach to customer service and superior reporting capabilities that help keep you informed and up to date at each phase in your corporate tax incentives project.
Below are listed some of the many corporate tax incentives your company may qualify for...
Federal Corporate Tax Incentives
Work Opportunity Tax Credit (WOTC)
Employers who hire long-term welfare recipients eligible under the Long-Term Family Assistance Program (LTFA), disabled veterans, and individuals qualifying under the Designated Community Resident target group can qualify for the WOTC. Corporate tax incentives of up to $9,000 per employee can be claimed based on a percentage of eligible employee wages. Eligible wages can include up to two years of the employee's wages. The WOTC program has been extended to August 31st, 2011.
Federal Empowerment Zone Credits
The Federal Empowerment Zone (FEZ) Wage Tax Credit Program is available to employers who hire individuals who are located in areas of select communities or zones considered by the federal government to be economically disadvantaged. The program provides employers with corporate tax incentives of up to $3000 per qualifying employee per year. The employer's facilities or work sites must be located within the qualifying zone.
Research & Development Credits
The federal government and various state governments give corporate tax incentives for qualifying research and development of products and process improvements. If your company commits to quantifiable strategies for product and process improvement impacting cost-efficiencies and a broadening of employee groups engaged in research, your company could receive beneficial tax liability deductions.
State Corporate Tax Incentives
California Enterprise Zone Credits
California provides substantial corporate tax incentives for businesses located within qualifying enterprise zones for hiring qualified employees falling under numerous socioeconomic designations, including ex-offenders, disabled persons, and Native Americans. Employers can qualify for additional credits for leasing, business expenses, loan interest, net operating losses, and equipment purchases when located in enterprise zones.
State and Local Tax Incentive Programs
Depending on your state and county, your business could qualify for various tax credits, such as environmental clean-up, geographic economic stimulus, expansion of jobs, hiring TANF welfare recipients, wage-based incentives, and training credits.
Additional Corporate Incentives
Many companies can seek out specialized incentives such as cash grants for training and assistance and low interest financing based on qualifying factors including geographic locations, and expansion of job opportunities.
Contact us today to implement your Corporate Tax Incentives Consulting program.