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| identifies cash rebates to companies on money that they have already written off the books. Whether through lack of knowledge, time or resources, companies of all sizes who qualify for these lucrative programs fail to take advantage of these programs, which can drastically reduce or even eliminate their income tax liability. ERE offers access to the industry-leading provider of job-related tax credit expertise and screening to provide a detailed analysis of available programs and a proven solution to capture all applicable credits.
Here is an overview of some of the areas of opportunity we provide:
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Federal Empowerment Zones and Renewal Communities |
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Federal Empowerment Zones and Renewal Communities allow companies located in any of 80+ zones throughout the country to claim up to $3,000 per qualified employee every year through 2009. All Federal zones also allow companies to claim the Hiring Tax Credit retroactively back to January 1, 2002 - and in some cases, for additional years. Qualified employees are workers who both live and work in the designated Federal zone. |
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Federal Work Opportunity Tax Credit and Welfare To Work |
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Businesses of all sizes are eligible to claim the Federal Work Opportunity Tax Credit (WOTC) and Welfare To Work Tax Credit (W2W) for qualified employees. Both WOTC and W2W are tailored to companies who hire a significant number of hourly workers, with Federal Tax Credits ranging from $2,400 to approximately $8,000 per qualified employee. |
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Negotiated Incentives |
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Negotiated Incentives can benefit companies looking to expand facilities or relocate their operations. Municipalities may offer various incentives, negotiable based on industry, potential employment, etc. |
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Training Grant/Reimbursement Programs |
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The Federal government and most States offer lucrative Training Grant/Reimbursement Programs that offer qualified participating businesses cash reimbursements or grants for employee training. Some Grants are industry-specific while others focus on specific skills training, on-the-job skills enhancement or continuing education. |
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Enterprise Zone Hiring Tax Credit |
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Companies of all sizes in California may qualify for the most lucrative State tax credit available in the Country with the California Enterprise Zone Hiring Tax Credit. Businesses located in any of 41 State-designated Enterprise Zones - and whose employees meet any of 13 criteria and who pay state tax in California - can qualify for an income tax credit/refund of more than $10,000 per qualified employee. The credit is available on a prospective basis and also, in most cases, allows for past recovery up to 3 years, enabling companies to claim a retroactive tax credit for eligible employees. |
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Other State Income Tax Credit Programs |
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Many other states throughout the country offer their own state income tax credit programs, which vary widely in qualifying criteria. Criteria may include, net employee growth, business location, industry or employee characteristics. Our experts continuously monitor all available opportunities. |
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Start savings today! Click here for your FREE consultation and analysis! |
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