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Home > Federal Tax Credit Services
Federal Tax Credit Incentive Services
Federal Tax Credits are overlooked by U.S. employers, and millions of wage based tax incentives go unclaimed each year. EBI has the knowledge and expertise to help you cash-in on these federally funded tax incentive programs. Let EBI do all the work so you can take advantage of all the savings. Here are ja few of the federal programs available to employers.
Work Opportunity Tax Credits (WOTC)
The federal Work Opportunity Tax Credit (WOTC) and Welfare-To-Work (WTW) tax credit provide companies with an incentive of up to $9,000 for each eligible new hire from nine targeted groups. In all likelihood, you're already hiring from these groups and may be eligible. EBI's experience and knowledge can capture these credits by using a straightforward and painless process.
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Long-Term Assistance (WTW)
Providing the same services as WOTC, EBI will translate your existing hiring practices into significant tax savings, without any administrative headaches. Contact us today to find out the difference between Welfare-To-Work tax credits and Work Opportunity Tax Credits, and how we can save you thousands of dollars every year.. |
Federal Empowerment Zones
Empowerment Zone/Renewal Community incentives include employer tax credits, project facility bonds, and capital gain tax exemptions on cash investment earnings. These Incentives increase commercial activity, expand job opportunities, and promote regional vitality. EBI uses a straightforward one-step process to calculate your credits. The result: no intrusion, no paperwork, and a quick and thorough calculation of your Zone credits.
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Indian Employment Credits
The Native American Indian Employment Credit provides employers with tax credits that offset a company’s federal tax liability. This federal tax credit provides an incentive for employers to hire and retain individuals who are enrolled members of an Indian Tribe, and who live on or near an Indian Reservation. This includes the spouse of a member of a tribe. If you hire enrolled members of a Native American Indian tribe you are eligible for a federal income tax of up to $4,000 per eligible employee. EBI takes the complexity out of Federal compliance by assisting employers to determine if their business qualifies, and if it does, securing the full amount of the entitled credit. |
New Market Tax Credits
The New Markets Tax Credit (NMTC) Program is a federal program designed to make investment capital available to businesses in qualifying low-income communities. The purpose of the program is to create jobs and encourage economic growth. The program permits taxpayers to receive a 39% credit against federal income taxes for making qualified equity investments in designated Community Development Entities (CDEs). All of the qualified equity investment must in turn be used by the CDE to provide investments in low-income communities to most types of business. The credit is claimed over a seven-year credit allowance period. Businesses eligible to receive NMTC financing are corporations, partnerships, sole proprietors and not for profits that are in a low income community. An organization wishing to receive awards under the NMTC Program must be certified as a CDE by the Fund.
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R&D Tax Credits
Research and Development Federal Tax Credits are available throughout the United States. The latest WOTC legislative changes have liberalized R&D Tax Credit opportunities, creating an even greater opportunity over previous years. R&D tax credits exist for companies that design systems and implement technologies; for companies that perform experimentation tests, and for companies that have any type of information technology or product development. More often than not, even failed projects qualify. Eligible costs include: wages, supplies, and research expenses. However, due to lack of expertise, finding the proper documentation required to claim the credit is complex and highly labor intensive. This is where EBI can help. EBI will perform an analysis to capture all the expenditures a client can claim for an R&D tax credit and simultaneously identify any retroactive opportunity. |
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