When most people hear about tax credits, they think it means more work for them. However, like any worthwhile endeavor, you can either work smart or work hard. We vote work smart.
Implementing a successful tax credit strategy often involves a few different departments. Those departments typically include finance, IT/operations, accounting and HR.
Believe it or not, we’ve never met a company who was pursuing every tax credit opportunity. That means there is a tax credit available that you might not know about that could get your business even more.
The tax credits you may be missing out on:
- Training/Retraining Tax Credits
- Research & Development Tax Credits
- Location-Based (Enterprise Zones, Opportunity Zones, Empowerment Zones) Tax Credits
- Investment/Capital Expenditure Tax Credits
- Job Growth Tax Credits
- New Hire Tax Credits
- Energy Tax Credits
Maximizing tax credits is not rocket science, but a small amount of planning up front will allow you to continuously reap the dividends in the future. Once tax credits become embedded in your company culture and business practices, companies find that it’s not work, it’s what they do. It becomes automatic and part of the process.
Are you taking advantage of all of the above tax credits? We’d love to help you on your journey to find more for your business! Curtis Samuel Jersey