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BASIC FACTS ABOUT GOVERNMENT TAX INCENTIVES

Federal tax credits are available to employers who lure individuals from certain target groups. You can earn up to $9,600 per employee under the Work Opportunity Tax Credit (WOTC) guidelines. Here are other facts that you should know about government tax incentives:

Depending on the organization's structure, these credits can be passed through to the owners' or partners' personal income taxes.
Tax credits can be carried back one year and forward for up to 20 years.
Most Fortune 1000 companies participate in various tax incentives.
Federal tax credits may also "piggyback" many state tax incentives.

No limit to the number of qualified employees.
Tax incentives reduce business operating costs.
Claiming tax incentives increase your bottom line.
No changes to your existing hiring practices are required.
You can capture tax credits for employees who are already on your payroll.

Contact our dependable tax consultants today at (951) 272-8294 or info@mja-associates.com for more information on our WOTC processing services.