Tax Incentive Services
Billions of dollars are forfeited every year because business leaders and managers do not have the means to track, research and take advantage of the available government incentives. TaxBreak addresses this need by identifying the tax incentives that will improve your company's financial performance and lower your effective tax rate.
Integrated into myHRdesk are the necessary functions to effortlessly record and track the most up to date tax opportunities. Such applicant's data, such as location, date of hire, age, veteran status, and employment industry are used to determine tax credit eligibility.
Based on the information the applicant provides when answering a small set of questions from within myHRdesk, they will be flagged and identified for hiring managers as qualifying for a credit, even before a single call has been made.
These tax incentives services are provided on a contingency fee bases and there is no financial risk to you!
The Process
- When you request that TaxBreak helps recover and maximize your capital, you will participate in an in-depth process to ensure you receive every tax credit you deserve.
- Your employee's W-2's are reviewed in detail where they are matched against more than 1000 available state and federal government incentives
- With your assistance, TaxBreak will develop a process that is manageable by your staff to maximize efficiency and participation by hiring managers
- Your hiring managers at each location will be trained to ensure everyone understands the value of the program and how to carry out the 2-3 minute process
- On a regular basis, TaxBreak will send reports to corporate management on credits available with a status on paperwork and information received from your locations, so you know if you are about to miss an opportunity
- You'll be sent completed forms for new hire signature and subsequently TaxBreak will audit the paperwork and submit it for certification on your behalf
- All information is tracked through the certification process and once the employee is certified, TaxBreak will provide the necessary IRS forms for you to file with your taxes
- Please remember, all of this is done on a contingency fee basis, so there is no financial risk to you
TaxBreak's due diligence in tracking employer business incentives is focused on the following key categories:
- Work Opportunity Tax Credit (WOTC)
- Employee FICA Tip Credits
- Geographic Based Credit
- Disaster Relief Tax Credit
- Indian Employment Credit
- Research & Development Credit
- Cost Segregation Credit
- State Tax and Incentive Credits
