Complimentary Tax Credit Incentives Webinar
Are You Missing Out On Thousands Of Dollars In Savings?
The vast numbers of U.S. employers don’t even realize that thousands of dollars of tax credit incentives are waiting to be claimed and only 25% ever reap the benefits! Furthermore, approximately 15% of most employers’ staff already qualifies for some type of tax credit incentive program. At maximum incentive value, employers can save $2,400 per employee that qualifies for the Worker Opportunity Tax Credit Program (WOTC). For example, if your company employs 1,000 full-time staff members, and 15% qualify for the program, you can save approximately $360,000 in one year! You do the math, and let EBI help you uncover thousands in potential tax credit incentive programs for your company.
The program is easy: you provide basic information about your new hire during the on-boarding process; or a site visit can be arranged to assess your particular business goals and needs. EBI will supply you with all the forms and offer a turn-key solution, so there is little work and no obligation on your end. Federal, State and Local programs include wage based and geographic incentive credits for thousands of government programs. The eligibility for these credits and incentives depend on the location of your business and the demographics of your employees. The vast majority of these credits are never redeemed due to the complexities of federal, state and local regulations, complex forms, and ongoing monitoring of the program. That is where EBI comes in. We have all the expertise and monitoring capabilities to make the entire process hands-off for you, and all you need to do is cash in all the savings. Employers can qualify for a variety of these programs, depending on overall qualifications and what is currently being offered.
Worker Opportunity Tax Credits (WOTC) or Welfare-To-Work (WTW) programs are probably the most popular of all federal programs. WOTC provides employers with up to $9,000 of tax incentives for each eligible new hire in nine different target groups. Federal Empowerment Zones programs incentivize regional growth with capital gains tax exemptions and project facility bonds. Additional incentives, such as New Market Tax Credits, are also available in certain low-income areas to spur job growth and attract new businesses into economically struggling communities. There are tax credits available to hire and retain employees that are enrolled members of Indian Tribes, and who live on, or near, an Indian Reservation, with up to $4,000 in federal tax credit for each employee who qualifies. One tax incentive that is available for all employers across the Unites States is the Research and Development Tax credits. Companies that design new information technology, implement new and innovative processes, or perform experimentation testing are eligible. These tax credits are available for research, supplies, and even wages. Due to a lack of knowledge and the proper documentation to claim the credit, most businesses don’t take advantage of such incentives. EBI provides just one step to take advantage of these difference tax incentive programs, and performs all the proper analysis to qualify.
Every state has some type of state based incentive program. Depending on your geographic location, incentives such as investment tax credits, wage tax credit, property tax abatements, low income financing, and gross receipts credits are available. Similar to the Federal Empowerment Zones, state based Enterprise Zones (EZ’s) provide business incentives on a zone basis to help improve low-income communities and create business growth. EBI monitories tax incentives and credits in all 50 states to help identify if your company is eligible for one of these lucrative programs. Many states have several ways to assist you in expanding your business from a job training aspect. EBI will help you secure new incumbent worker training, skill upgrade incentives, and capital investment awards to help your company grow and improve your staff’s overall performance. State incentives are available to help create new jobs, and are available for improvements to machinery and equipment which yield lucrative tax incentives. EBI has all the knowledge in your state to help you start saving today.
Every year, numerous government agencies award billions of dollars in incentives to spur economic growth. EBI offers a turn-key government incentive and site location service to help you achieve your ultimate business goals. EBI will conduct an internal audit of your business, and help you identify these available programs. If your company is interested in expanding or even moving, EBI understands that a multitude of factors go into a decision to relocate your firm, or even the selection of a new site to build upon. Let EBI help you with your future business planning; we can help identify factors such as total cost, infrastructure, talent capital and lifestyle, and even community amenities. No matter the specific business need or situation, EBI can help identify the right incentive program for you.
EBI has the depth of knowledge and experience to help you identify available tax incentives and programs. With just one call, EBI can do all the work so you can take advantage of all the savings today!
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All information contained herein is provided by Employment Background Investigations solely for the convenience of its clients. EBI is not providing legal advice or counsel and nothing provided on this document should be deemed as legal guidance or advice. Readers should consult with their own legal counsel to determine their legal responsibilities or if they have questions on any information provided by EBI.