Services

Federal Tax Credits

The Federal government designates specific business activities to stimulate economic develop in distressed areas and provides incentives for business investment, research and growth. McMillian & Associates utilizes the latest technology and proven best practices to maximize Federal Tax Credit Opportunities. Below are several of the tax credits services we administer and process:

  • Work Opportunity Tax Credit – Up to $9,000 per qualified new hire of a designated Target Group including: Food Stamp Recipient, TANF Recipient, Unemployed Veteran, Ex-Felon, Summer Youth, Hurricane Katrina Displacement, etc.
  • Renewal Community Tax Credit – Up to $1,500 per qualified employee of a business located in any of multiple designated areas across the United States.
  • Empowerment Zone Tax Credit – Up to $3,000 per qualified employee of a business located in any of multiple designated areas across the United States.
  • Indian Employment Tax Credit – Up to $4,000 per qualified employee of a business located on designated Indian Reservation land.
  • Research & Development Tax Credit – Up to 14% of qualified expenses including employee wages, research, and testing costs.
  • Energy Tax Credits – Company that incorporate “green” systems of heating, cooling and lighting and that use alternative fuel sources may be eligible.