Jaret Loney, CPA, CMA, EA. Manager, Business at Tax Credit Services

Tax Credit Group has implemented a new 8 step process to help businesses simplify claiming federal and state incentives.

WEST DES MOINES, IA, UNITED STATES, October 5, 2023 /EINPresswire.com/ — Tax Credit Group offers a new way to simplify the complex process of claiming federal and state incentives for businesses. By understanding the steps involved in claiming these credits, businesses can take advantage of the available federal and state incentives to maximize their tax savings.

“Business credits are incentives provided by the government to encourage specific activities or investments that benefit the economy, explains Jaret Loney, vice-president of Tax Credit Group. “These credits can significantly reduce a company’s tax liability, resulting in substantial savings. Navigating the intricacies of claiming business credits can be challenging without the right expertise.”

Tax Credit Group has rolled out training for their staff and clients to aid in preparing pre-screening certifications, including the federal Form 8850. This training equips businesses with the knowledge and skills necessary to accurately complete the required certifications, ensuring eligibility for various tax credits.

Here’s how they do it. The Process of Claiming Business Credits includes:
1. Training and Pre-Screening Certifications
2. Research of Federal and State Employer Tax Credits
3. Automated and Paperless Solution
4. Eligibility Verification and Monitoring
5. Post-Hiring Documentation and Credit Calculation
6. Year-End Reporting
7. Seamless Integration
8. Monitoring Legislative Changes

The Tax Credit Group’s process seamlessly integrates with your current hiring practices. We work closely with your HR team to ensure a smooth flow of information and minimize any disruptions to your existing processes. This integration allows for a hassle-free experience while maximizing businesses’ tax savings. They continuously monitor applicable legislation and regulations of the Work Opportunity Tax Credit (WOTC) Program. By staying informed about any updates or changes, Tax Credit Group helps ensure businesses remains compliant and eligible for the maximum benefits available.

The Role of Tax Credit Group, Inc.
Claiming business credits can be a complex and time-consuming process. However, with the expertise and services provided by Tax Credit Group, Inc., businesses can simplify this process and maximize their tax savings. By partnering with Tax Credit Group, companies can focus on their core operations while leaving the intricate details of claiming business credits to the experts. With their extensive experience and nationwide coverage, Tax Credit Group is committed to helping businesses across all fifty states capitalize on the available tax incentives and achieve significant savings. Tax Credit Group can be reached at (563) 583-2115, or at https://www.taxcreditgroup.com/contact/.

Jana Rieker
Amplimark
+1 515-225-6438
email us here
Visit us on social media:
Facebook
LinkedIn