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Tax Credits Blog

Most Companies overpay their Federal Income Taxes

moneyMillions of Business owners overpay their Federal taxes by not claiming their eligible tax credits. Companies located in Federal Empowerment Zones can claim up to $3,000 per year for each eligible employee with claims going back to 2013. Typically 20-25% of all employees are eligible for the credit with the average credit being approximately $2,000. 



Basic Math – If you’re located in a Federal Empowerment Zone, take the number of employees paid last year, multiply by 20% and then by $2,000 to get the estimate for 2014 Empowerment Zones Credits – then, multiply that number by 3 to get the amount of money left on the table for the past 3 years. Call us to find out if you’re in the right zone.



Any For-Profit companies are eligible for the Work Opportunity Tax Credit program which has been around since 1996. Credits for hires in 2015 are about to be approved by Congress and employers are strongly advised to follow two simple rules to claim their 2015 credit.



Employees listed in any of 11 Categories qualify:

  • Food Stamp Recipients (SNAP)
  • Unemployed Veterans
  • Individuals on Welfare
  • Individuals on Long Term Welfare
  • Individuals receiving Supplemental Security Income (“SSI”)
  • Individuals receiving state or VA paid disability payments
  • Ex-Felons
  • Individuals who live in Empowerment Zones
  • Summer youth
  • Individuals of families that receive Temporary Aid to Needy Families (TANF)
  • Individuals who live in Rural Renewal Counties

Typically 15% of all new hires will in fact qualify for WOTC and the average income tax credit is $1,800.00.


To find our for FREE how to recover these taxes, contact us now by clicking here!


Tax Credits are found money. It’s time to claim your share. 


You may also call Ken Brice, President at 1 (609) 252-0044. 


“We do all the work, you get all the credits”

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