Blog
October 1, 2023
Simplifying Business Credit Claims with Tax Credit Group
Exploring the process of claiming business credits can be overwhelming. Tax Credit Group is able to simplify the complex process of claiming federal and state incentives for businesses across all fifty states by shedding light on the intricacies involved. By understanding the steps involved in claiming these credits, businesses can take advantage of the available […] Read more
September 1, 2023
Getting started with Work Opportunity Tax Credits (WOTC)
Getting started with Work Opportunity Tax Credits (WOTC) can be a beneficial strategy for your business to save on taxes while also promoting diversity and providing employment opportunities to specific target groups. WOTC is a federal program in the United States that offers tax incentives to employers who hire individuals from certain disadvantaged backgrounds. Here’s […] Read more
Home Page Slideshow, Research and Development, Small Business, Tax Credits
August 1, 2023
Tax Credit Guide for Non-Profit Organizations
Managing finances can be challenging for non-profit organizations. Fortunately, tax credits are available that can help non-profits save money and reinvest it in their mission.In this article, we will explore some of the federal and state tax credits that non-profits can take advantage of, as well as other tax credits and exemptions that can benefit […] Read more
July 1, 2023
Understanding the Research and Development Tax Credit
The Research and Development (R&D) Tax Credit is a valuable tax incentive program that rewards businesses for investing in innovation. The credit is designed to encourage businesses to conduct research and development activities that will lead to new or improved products, processes, or software. Here are some key things business owners should know about the […] Read more
June 1, 2023
How to Effectively Claim the Work Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is a valuable incentive program to potentially reduce your tax liability while making a positive impact in your community. As a small business owner, you have the opportunity to uncover the immense benefits and potential that tax credits can have on your business. In this article, we’ll break down […] Read more
Employment taxes, Hiring Vets, Tax Credits, Tax filing, WOTC Tax Credits, WOTC Update
May 1, 2023
Tips for Streamlining Business Tax Credit Processing
Business owners understand the importance of efficient tax credit processing for their businesses. Not only does it help to save time and resources, but it also reduces the risk of errors that can lead to costly consequences. Here are some steps that a business can take to streamline their tax credit processing and minimize the […] Read more
April 1, 2023
The Advantages of Tax Credits for Small Business Owners
Tax season is upon us, and it’s a great time to remind all small business owners to consider working with your tax consultant throughout the year to make sure you’re getting access to all the tax credits available to you. At Tax Credit Group, we are frequently asked about the value of tax credits for […] Read more
Home Page Slideshow, Small Business, Tax Credits, Uncategorized
March 1, 2023
The Benefits of Work Opportunity Tax Credits
As a business owner, it’s important to be aware of all the tax incentives that are available to you. One such incentive is the Work Opportunity Tax Credit (WOTC), a federal tax credit for employers that hire individuals from specific groups that have historically faced barriers to employment. Eligible Employee Groups Eligible employee groups for […] Read more
Employment taxes, Hiring Vets, Tax Credits, WOTC Tax Credits
February 3, 2023
Lucrative Tax Incentives for Employers
As a tax credit consultant, it is our job to help businesses navigate the complex world of tax incentives and deductions. We specialize in helping employers take advantage of the many lucrative tax incentives available to them. In this article, we will be sharing some of the key incentives that employers should be aware of […] Read more
January 19, 2023
Understanding State Tax Incentive Programs
The Importance of Corporate Incentive Programs It is common for local, state and federal government entities to offer tax incentive programs to recruit businesses to designated enterprise zones (also called empowerment zones) to stimulate growth. Additionally, in many states, employers are provided opportunities to participate in programs that support the economic development within their community […] Read more
April 30, 2021
WOTC By The Numbers
Here’s a brief look at the WOTC certifications to date for 2020. Over 1.6 million certifications were issued for 2020. 1.1 million certifications were issued for SNAP recipients. This accounts for just over 68% of all certified groups. The smallest target groups were the summer youth recipients, which none were certified and the disabled veterans […] Read more
August 2, 2020
Earn Credit for Hiring Unemployment Recipient
There’s no doubt that COVID has dealt the nation’s economy a tough blow. Case in point are the sheer number of jobless claims made nationwide since the pandemic began. Just five months ago, unemployment sat around three to four percent. According to the U.S. Bureau of Labor Statistics, in June, states’ unemployment numbers averaged more […] Read more
May 15, 2020
How to Observe Memorial Day with Veterans
On the last Monday of May, Americans observe Memorial Day. But the purpose of Memorial Day is often lost on a large part of the American public. According to a 2019 survey conducted by Harris Poll on behalf of the University of Phoenix, only 55 percent of Americans know the true meaning of Memorial Day. What […] Read more
May 14, 2020
False Claims Act – How it Could Affect Your PPP Claim
When the CARES Act was announced, it ignited a glimmer of hope within the small business community. Many companies were either closed or saw their revenue drop drastically as a result of the novel coronavirus. But hope quickly disappeared as major corporations found a way to access the money that was meant for America’s small […] Read more
May 5, 2020
Why It is Better to Hire a Tax Credit Specialist than Do It Yourself
When we talk to potential clients, sometimes they ask us why a tax credit specialist is something they need. It is a great question. After all, they are usually already paying for a CPA and this is just an added financial expense. What we tell them is that a tax credit specialist is something completely […] Read more
Save as PDF