Getting Started With Tax Incentives for Businesses

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So Many Ways to Save

No matter what your industry, tax incentives present opportunities to save money and reclaim revenue by providing tax relief for businesses. Find out what tax incentives are and how tax incentives can help your business.

Types of Tax Incentives

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Employment Incentives

In recognition of the jobs and training that employers like you provide, governments offer employment incentives to help you offset payroll taxes, pay for employee training, and tap into new talent pools.

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R&D Incentives

Research and development incentives reward businesses of all industries and sizes for technical approaches to problem-solving, thus promoting innovation and improvement for companies and the economy.

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Property Incentives

Generating tax and financial savings for investors and builders by identifying overlooked benefits from purchased assets and incentives for efficient design and build improvements.

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Work Opportunity Tax Credit

CTI has helped scores of companies ease high turnover costs and find fresh staffing sources when they hire from any one of 14 target groups with this tax incentive, commonly referred to as the Work Opportunity Tax Credit (WOTC).

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State Hiring Incentives

To spur job growth and local economies, many states offer credits with similar qualifying criteria as the WOTC. CTI has helped many organizations augment their savings with these WOTC “piggyback” credits.

R&D Tax Credit

With CTI’s specialized teams, businesses from all industries – from software startups to farmers – have recovered substantial tax dollars when they discovered that improvements for their business qualified as eligible research and development activity.

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Federal R&D Payroll Offset

Qualified small businesses with less than $5 million in gross receipts have harnessed CTI’s expertise to leverage the payroll tax offset provision of the R&D Tax Credit and claim R&D credits against their payroll taxes.

Benefits of Tax Incentives for Businesses

Increasing business net income by reducing certain expenses

Increasing business net income by reducing certain expenses

Lowering a business' federal and state tax liability

Lowering a business' federal and state tax liability

Funding initiatives

Funding initiatives such as training employees and infrastructure improvements

Generating additional revenue with HR and Tax Departments

Generating additional revenue with HR and tax departments

Offsetting cutbacks

Offsetting cutbacks and providing funding for special projects

Increasing the return on investment for business expansion plans

Increasing the return on investment for business expansion plans

The expertise you need to properly leverage lucrative tax credits and incentives.

Reach out to a tax consultant to learn how CTI powers your business for success.