Orlando, FL (PRWEB) August 30, 2012
Incentives Advisors (http://www.incentivesadvisors.com), a leading company that helps organizations nationwide capitalize on the state training grants, tax credits, and other incentives available, attended the HR Florida Conference & Expo held earlier this week. Incentives Advisors discussed various tax credits and training incentives available to employers with many in attendance.
Historically, Congress has authorized billions in incentives to stimulate hiring and encourage economic development in cities and rural areas throughout the country. Many government economic development incentives go unclaimed because businesses are simply unaware of them or they do not have the time or the tools to take advantage of the programs.
With the ability to save employers money by capturing tax credits and incentives in the areas of target industry businesses, enterprise zone new jobs credit, urban high crime area job tax credit, high impact performance incentive grant, renewable energy technologies credit, solar energy equipment exemption, training grants, and work opportunity tax credits; Incentives Advisors can increase employer’s profitability tremendously.
There are hundreds of federal and state hiring and employment tax incentive programs in existence, so keeping abreast of the ever-changing legislation and documentation required to use these tax credits can be daunting. Incentives Advisors’ expertise in nationwide incentives as well as their proprietary screening technology makes it easy for employers to take advantage and maximize the benefit of these programs.
“In many cases, employers can take tax credits and apply them directly to their corporate tax liability, or in the case of pass through entities such as sub ‘S’, LLC or partnerships, the tax credits can impact owner or shareholder tax liability," noted Bill Becker, CEO of Incentives Advisors. "Tax credit services like those offered by Incentives Advisors can work with organizations and their tax advisors to determine their ability to utilize these credits. If an employer is investing in their workforce or business, it is likely there are additional incentives available."
Programs vary state by state and even by county. Not only does the service capture the HIRE Act and Work Opportunity Tax Credit (WOTC) federal programs, but the dynamic questionnaire also screens for more than 100 state and local hiring-related incentive programs as a seamless part of the candidate screening process. Clients reduce 90% of the paperwork by printing tax credit forms for eligible hires only. Receiving credits is simplified as all of the required paperwork is prepared by Incentives Advisors.
About Incentives Advisors
Incentives Advisors is the industry leader in helping businesses identify and obtain hiring tax credits and incentives. Incentives Advisors is a Workstream, Inc. company, a leading provider of Human Capital Management software solutions.