Incentive Programs

---

There are over 7,000 Federal Incentives available for Businesses! And 38 States have their own versions of Tax Incentives. Our expert CPAs know the Tax Code AND look into every State incentive and rebate available to you to maximize your ability to receive these credits.

Our Team of experts works diligently to identify the available Federal and State credits and

incentives for our clients. These may include incentives such as the Research and Development Credit, Employee Retention Credit, and Cost Segregation services.

We use these processes and technologies that allow us to conduct a free analysis of the

incentives and credits that may be available to you and your small business. These processes provide for an effective and efficient incentive study. Our analysis focuses on identifying documenting qualified research costs throughout your business. These research costs include but are not limited to wages, supplies, outsourced contract research expenditures, and quantifying qualified research expenditures.

We have leveraged our extensive experience to develop an efficient process that is designed to effectively calculate, authenticate, and substantiate your research incentives in a manner accepted by the IRS as well as State local governments.

The Employee Retention Credit Program  allows eligible employers to claim a credit against 50% of wages paid per quarter, up to $10,000 per employee annually, for wages paid between March 13, 2020 – December 31, 2020. The maximum credit is $5,000 per employee. In December 2020, under the Covid-19 Relief Package, the ERC was extended from January 1, 2021 – December 31, 2021. This extension allows eligible employers to claim a credit against 70% of wages paid per quarter, up to $10,000 per employee, with a maximum allowable the credit of $28,000 per employee.

1. Full or partial suspension of business operations as a result of government order

2. A significant decline in revenue compared to the same quarter in 2019

3. Alterations or modifications to the business in order to stay open

4. Federal, State, County, Local, and/or Health Department Mandates of Orders

5. Supply chain challenges

a. Supplier cannot procure raw materials and/or parts to make products

b. Suppliers and materials have been delayed

c. Prices for supplies have increased significantly

6. Staff shortage or difficulty finding new employees to hire

1981 Economic Recovery Tax Act: In a temporary effort to boost the economy in 1981, the

the federal government sought to use the passage of the Economic Recovery Act incentives to reward businesses for investing in research and developing new products, processes, formulations, technology, techniques, and innovations. With the rapid changes in technology in the past decades, companies across multiple industries have seen increasing challenges to constantly innovate their products or processes to compete across a global economy. Business owners small and large understand the expensive and time-consuming risks that drastic innovations pose and thus, often fail—yielding no financial return on investment.

Recognizing the need to create jobs domestically and maintain global economic

competitiveness, Congress has extended the economic Recovery Act incentives more than a dozen times over subsequent years making them permanent with the passage of the PATH Act of 2015. In addition to becoming permanent, the Protecting Americans from Tax Hikes act expanded R&D incentives and credit provisions to start-ups and small businesses. The R&D incentives and credits are now available to any U.S. business that spends time and resources on new development, improvements, or technological advancements to improve upon its products or processes. The credit could also be available to American Business owners who have improved upon the performance, functionality, reliability, or quality of existing products or trade processes.

$0 to see if you qualify and how much $ is available to your business!