Tax Credits for Business Owners
If you are a business owner you may have tax credits that you can use on your personal taxes or for your business. Tax credits reduce the amount of income tax you owe to the federal and state governments. Credits are generally designed to encourage or reward certain types of behavior that are considered beneficial to the economy, the environment or to further any other purpose the government deems important.
A few tax credits include:
- Work Opportunity Tax Credits up to $9,600
- Employment Retention Credits (ERC’s)
- Cost Segregation of real property
- Research & Development (R&D) Credits
- Energy Tax Credits
- Many More
Let’s take a deep dive and see what you qualify for as a business owner by clicking “Get Started” below!