Capital to Support Your Growth
Did you know that the U.S. government offers more than 3,000 state and federal incentive programs? These incentives reward business owners for basic business functions like retaining employees, job creation, innovating internal processes, and more.
While these tax credits are leveraged by every fortune 500 company to offset their tax liability and invest in the growth of their business, small business owners routinely miss out on these capital-boosting opportunities. Through our strategic partnership, Asure democratizes tax credit access, allowing small and midsized businesses access to tax credit capital normally reserved for global enterprises.
Approximately $1Billion in tax credits are claimed each year out of an estimated $65.8 Billion in available tax credits.
3 Great Reasons to Maximize Tax Credits
Tax credits can significantly reduce your business's tax liability, allowing you to keep more of your profits.
They provide financial incentives for specific activities or investments that benefit the economy or society, such as hiring veterans, investing in research and development, or using renewable energy.
By taking advantage of tax credits, you can offset the costs of certain business expenses, making it more affordable to innovate, expand, or improve your operations.
Claiming Tax Credits is Complex
Navigating the complexities of tax credit eligibility and application can be challenging, but through our strategic partnership, you can streamline the process and ensure that your business maximizes its benefits.
Here are some of the tax credits your business may be eligible for:
Work Opportunity Tax Credit (WOTC): The Work Opportunity Tax Credit (WOTC) is a federal incentive program that encourages employers to hire employees from targeted groups with tax credit maximums ranging from $1,200 to $9,600 per eligible new hire.
Empowerment Zone (EZ) Tax Credit: The Empowerment Zone (EZ) Tax Credit is a federal incentive aimed at stimulating economic growth and job creation in designated urban and rural areas across the United States with a tax credit maximum of up to $3,000 per eligible employee per year.
FICA Tip Tax Credit: The Federal Insurance Contributions Act (FICA) Tip Credit is a tax credit available to employers in the food and beverage industry, offsetting the social security and Medicare taxes paid on their employees’ tip income.
Other Tax Credits & Incentives: From Research & Development to Job Creation tax credits, our partner can help you review tax credit opportunities, based on your business’ location, growth, and operations, ensuring your path to profitability is the most lucrative one.
Which credits can you claim?
The first step to determine which tax credits your business may be able to claim.
Start today and seize the tax incentives your business deserves.