What are tax credits and BUSINESS TAX incentives?
There are hundreds of local, state, and federal programs providing business tax credits and cash incentives for U.S. businesses. The government created these programs to help American businesses to be more competitive.
These incentives have been a part of the U.S. tax code since 1981. The purpose is to generate economic growth and job stimulation.
These incentives, credits, rebates, and rewards are designed to help businesses innovate, conduct R&D, provide job training, develop new products to grow and succeed. These funds are not a stimulus, or a grant, or a loan. It is cash that goes straight to the bottom line.
For example, using the R&D tax credit a specialty sheet metal company with annual revenue of $4 million received over $70,000 in federal R&D tax credits and $91,000 in state credits for the testing and implementation of a new metal stamping process. Another manufacturer of precision tools with annual sales of $12.7 million acquired $281,000 in combined state and federal R&D credits for their efforts toward the testing and improvement of new modeling procedures.
There are hundreds of programs developed to support a wide variety of industries deemed critical to our economy.
Who qualifies?
Tax Credits and Business Tax Incentives are available to profitable and successful small and mid-sized businesses across a variety if industries including:
Construction, Medical, Manufacturing, Fabrication, Engineering, Automotive, Agriculture, Energy, Oil & Gas, Renewables, High Tech, Telecommunications, Software, Internet, Textiles, Consumer Products, Entertainment & Media, Food Processing, Chemicals & Plastics, Paper & Forestry Products, Funeral Homes...and many more.
To be eligible, your business had to have paid taxes over the past three years. Unfortunately, 95% of eligible companies never claim the money they are entitled to. (See articles in Resources: Forbes, WSJ, Bloomberg, Fox Business)
Last year 5% of eligible U.S. businesses split more than $12 billion in government revenue giveaways.
Virtually all of our clients have one thing in common – they never knew the money was theirs to claim!
OUR PROCESS
Confidential Assessment
Confidential Assessment
Confidential Assessment
We examine all of the documents required for a no cost, no obligation feasibility study. All client information is secured, and treated with the strictest confidence.
Program Research
Confidential Assessment
Confidential Assessment
We research the incentives and credits your business is eligible for. We look back three years to uncover every dollar you are legally entitled to.
Application Process
Confidential Assessment
Application Process
We complete your application paperwork and submit it to the appropriate local, state, and federal agencies to recover your unclaimed dollars.