Category Archives: Tax Credits

07.07.16 |

Application Periods Announced for 2016-17 California Competes Tax Credit Awards

The California Governor’s Office of Business and Economic Development (GO-Biz) announced on June 29, 2016 the fiscal year 2016-17 application periods for the California Competes Tax Credit.  The application periods are as follows: July 25, 2016 through August 22, 2016. GO-Biz can award up to $75 million in credits. January 2, 2017 through January 23,…Read More »

05.26.16 |

4 Tips for Maximizing Tax Credits While Raising CFO Stature

Tax reduction, such as through maximizing tax credits, can significantly improve a company’s bottom line. A strategically minded CFO, however, will look beyond tax breaks. Here are four tips to help you get the most benefits out of tax credits for which your business may be eligible: Determine if your organization qualifies for any research…Read More »


Update: Georgia Expands “Taxpayer” Definition for Quality Jobs Tax Credit

Georgia Governor Nathan Deal has signed into law H.B. 922,1 which adds a definition of “taxpayer” to the Georgia Quality Jobs Credit statute2.  The definition reads as follows: “Taxpayer” means any person required by law to file a return or to pay taxes, except that any taxpayer may elect to consider the jobs within its…Read More »

TCS Webinar
04.22.16 |

Webinar -Top Ways to Discover and Capture Tax Credits Today!

It is crucial for companies to develop the ability to identify and capture various tax credits available. This includes looking ahead for opportune tax credits in 2016 and looking back on the previous year for credits that may have been missed. Make it your resolution in 2016 to adopt new tools, advanced technology and data…Read More »

Falling American Currency on White Background
03.11.16 |

Be Sure to Maximize Your Work Opportunity Tax Credits (WOTC)

Newly-released IRS guidance allows you to capture missing Work Opportunity Tax Credits (WOTC) for employees hired between January 1, 2015 and May 31, 2016. This is a great opportunity for you to reclaim credits under the WOTC program and establish internal systems that help ensure you’re maximizing your available tax credits! What is WOTC? WOTC…Read More »

Road Arrows
03.10.16 |

Empowerment Zone Tax Credit Extended Under PATH Act

With the passage of the PATH Act in December, the Empowerment Zone Tax Credit was extended through December 31, 2016, providing tax credits for businesses and employers that hire employees who reside in designated empowerment zones.1 The tax credit is 20 percent of the employer’s qualified wages (up to $15,000, or a maximum credit of…Read More »

Vector radar icon on white background
03.03.16 |

Active Duty Employee Differential Wage Payment Credit Now Available to All Employers

Since 2008, the Internal Revenue Code has allowed a credit of up to $4,000 per year for employers who continue to pay qualified employees while on active duty in the uniformed services of the United States.1 The Active Duty Employee Differential Wage Payment Credit (the “Differential Wage Payment Credit”) allows a credit of 20 percent…Read More »

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02.23.16 |

The Extension of the Indian Employment Tax Credit

Following President Obama’s signature of the Consolidated Appropriations Act (the Act)[1], an array of tax credits and incentives were extended through 2016 that offer businesses an opportunity to offset their federal tax liability. With the passage of this Act, one tax credit that was extended is the Indian Employment Tax Credit, which is available to…Read More »

passenger bus
02.15.16 |

The Legislative Updates to Employer-Provided Mass Transit and Parking Benefits

Last December, President Obama signed into law an omnibus spending bill called the Consolidated Appropriations Act (the Act) which changed a number of tax provisions as they relate to both employers and employees.1 Following the passage of the Act, the Internal Revenue Service (IRS) issued Notice 2016-6 on January 11, 2016, which provides guidance on…Read More »

2016 Tax Credits image
02.03.16 |

Six in 2016: Tax Credit Categories Employers Should Consider

As a business owner, are you aware of the tax credit categories your business should consider leveraging in 2016 to potentially help you offset costs while securing lower effective tax rates? Take a minute to review the infographic below, which highlights six categories of tax credits and business incentives for which you may be eligible….Read More »


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