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Are you finding tax credits in all of the categories available to you? The following are some of the tax credit categories professionals may be able to help you indentify and capture.
Retaining employees and creating new jobs Increasing employment in certain geographic zones Hiring from certain demographic groups Work Opportunity Tax Credit Federal Empowerment Zone Tax Credit GA Jobs / Quality Jobs Tax Credit Various State Veteran Hiring Program
Implementing new technologies or processes with qualified training available Expenditures associated with training activities Focused training on Incumbent or new employees CA Employment Training Panel (ETP) GA Retraining Tax Credit AZ Jobs Training Grant
Federal, State, or Local gov’t pre-certification Job Retention/Growth Expansion, Relocation or Consolidation NC Job Development Investment Grant (NC JDIG) IN Economic Development for a Growing Economy (EDGE)
There are over 100 transferable federal and state incentives.* Some states allow you to buy and sell certain tax credits and net operating losses. State Film Production Credits GROW NJ Assistance Tax Credit MA Low Income Housing Tax Credit MA Brownfield Tax Credit
Belonging to a targeted industry Expenditures on equipment or property Making investments in designated geographies CO Enterprise Zone Tax Credit Investment Tax Credit (Equipment) Commercial Vehicle Investment Credit CT Fixed Capital Investment Tax Credit GA Investment Tax Credit
Too many incentives to track Lack of incentive expertise Lack of timely identification of qualified incentives Difficulties meeting compliance qualifications Difficulties navigating incentive applications Lack of technology systems to centralize incentive information
To learn more about tax credits and incentives and how ADP may be able to help you capture available credits and incentives, visit www.ADP.com/TaxCredits The ADP logo and ADP are registered trademarks of ADP, LLC. All other marks are the property of their respective owners. ADP SmartCompliance is a service mark of ADP, LLC. Copyright © 2014 ADP, LLC.