Tax Credits & Incentives

Many businesses overlook valuable tax credits and incentive programs that could significantly reduce their tax liability or generate meaningful cash savings. Whether you’re a new startup or an established company, there are a variety of federal, state, and local programs that may be available to you—if you know where to look and how to qualify.

There are several reasons why identifying and claiming available credits and incentives is important:

1. To reduce your tax burden – Tax credits directly reduce the taxes your business owes—often dollar-for-dollar. Properly identifying and claiming credits can lead to significant savings over time.
2. To increase cash flow – Some tax incentives are refundable or can be carried forward, creating real financial benefits even in years when you owe little to no tax. Others provide immediate offsets against payroll costs.
3. To offset key business investments – Research tax credits are designed to encourage innovation and can offset wages and supply costs related to qualifying research activities. Similarly, hiring credits (like the Work Opportunity Tax Credit) reward businesses that invest in people from targeted employment groups.
4. To stay competitive – Many industries—such as tech, manufacturing, and healthcare—routinely claim these incentives. If you’re not evaluating your eligibility, you may be operating at a competitive disadvantage.
5. To comply with state and federal requirements – Proper documentation and timely filing are critical when claiming credits. Failing to meet deadlines or maintain support for your claims can result in lost benefits or potential audits.
6. To unlock state and local incentive programs – Beyond federal credits, states and municipalities often offer their own incentive packages to attract and retain businesses. These can include tax abatements, sales tax exemptions, training grants, and more.

We can help you identify which credits apply to your business, prepare your documentation for IRS and state requirements, and file the necessary forms to secure your savings.

Get the credits you deserve—without the stress.