WOTC File Extension Now Fully Retroactive: IRS Notice 2013-14
Great news for RetroTax clients: The IRS has temporarily waived the 28 day time limit for employers to submit Work Opportunity Tax Credit applications for employees who were hired from January 1, 2012 through March 31, 2013. How does this affect you? Read more in RetroTax News or the official IRS documentation here.
Contact us today to assist you with capturing these valuable tax credits!
FREE TAX CREDIT ANALYSIS
Request a Free Tax Credit Analysis to determine your potential annual tax credits!
Fox Business Money For Breakfast RetroTax Segment
Did you know your company may qualify for part of the billions of dollars in tax credits paid to business owners every year?
While it may sound too good to be true, thousands of businesses--maybe some of your competitors--are improving their bottom lines and increasing their odds of success by taking full advantage of federal and state tax credit and incentive programs. What separates these business owners...C corp, sub S corps, LLCs and sole proprietor...from the ones who are not claiming their rightly deserved tax credits? Almost always, it's a lack of knowing someone who can navigate the bureaucratic mazes and who continually monitors legislative activity in order to find and secure maximum tax credit benefits. That's where RetroTax can help.
RetroTax®: The Business Tax Credit Experts
Since 1996, tax incentive professionals at RetroTax® have been providing business owners with a depth of experience and a unique set of tools to connect them to hundreds of millions of dollars in tax credits. And we do it without requiring any up-front, out-of-pocket payments from our clients. Although the process isn't simple (or, in some cases, fast), it is knowable, measurable and extremely worthwhile from a financial perspective as we are a performance based contingent fee company.
Unfortunately, as many as 70% of eligible U.S. businesses never take the steps necessary to claim their federal and state tax credits. Our goal is to help your company recover its capital investment and maximize its bottom line by claiming and receiving all appropriate tax credits.
Getting started is easy: just call us at 1-800-925-0557. We will ask a few questions to see if your company fits within a typical tax credit eligibility profile. If we determine there are likely tax credit opportunities, we will offer you options for conveniently starting the process of claiming your federal and state tax credits. Call today and let's see what tax credit opportunities are waiting for your company!
3rd Quarter 2012 RetroTax Newsletter
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Exactly What Are Business Tax Credits?
Several years ago, both federal and state legislators began enacting laws designed to incentivize business owners to locate in certain geographic areas in order to help revitalize the surrounding communities. In addition, laws were passed to incentivize business owners to seek out and employ people with special life circumstances (veteran status, displacement due to natural disasters, living in economically stressed areas, etc.). Businesses are granted tax credits that essentially work as offsets to the income tax liability of the shareholders of the business or to reduce corporate tax liability. The bottom line is, the more tax credits a business is able to claim and receive, the lower its shareholders' or owner’s tax liability.
In many cases, tax credit programs entitle businesses to multiple tax credits--both geographic and employee-based. In some cases, "overlapping" programs entitle business owners to more than one tax credit for the same employee(s). In addition, many tax credit programs are retroactive and allow eligible companies to capture unclaimed tax credits from prior years. And excess credits can often be carried forward as far as 20 years.
How tax credits benefit your business:
- Reduce tax liabilities, both federal and state
- Lower the overall tax rate for your business
- Increase earnings for owners/shareholders
- Offset capital investment and reduce costs
Call us at 1-800-925-0557 to see if your company qualifies for one or more of these tax credit programs. There is no obligation for the call--and no out-of-pocket cost to get started. We work on a contingency fee basis, so we only receive payment as you receive tax credits!