The Employee Retention Credit is a fully refundable tax credit for employers equal to 50 percent of qualified wages (including allocable qualified health plan expenses) that Eligible Employers pay their employees. This Employee Retention Credit applies to qualified wages paid after March 12, 2020, and before January 1, 2021. The maximum amount of qualified wages taken into account with respect to each employee for all calendar quarters is $10,000, so that the maximum credit for an Eligible Employer for qualified wages paid to any employee is $5,000.
Tax Management System (TMS)
Get ERC With The Tax Incentive Management System
TMS allows any business with employees to track and claim all of their available tax credits, including the ERC (Employee Retention Credit.) Find the funds you are missing out on, and increase cashflow with ease.
Your all-in-one solution to manage tax credits. The TMS does the work for you to qualify, track, and claim tax credits and incentives for past, present, and future employees and your facilities. You enter the information, and the TMS searches hundreds of state and federal platforms to get you all owed credits.
Emergency Relief for Business Owners
Tax law provisions are available to help you recover financially from the impact of a disaster.
By completing a quick survey, our software will search hundreds of Local, State, and Federal programs that fit your qualifications and help you claim your benefit. Our Software Searches Hundreds of Local, State and Federal Tax Credits In Real Time... Find out your benefit now.
Federal Tax Incentives
Federal, state and local governments provide tax credits and incentives to encourage new job creation, job retention, and employee skills training, and to attract new capital investment. Tax credits and incentives can take on many forms including, but not limited to . . .
Cost Segregation - Property Tax
A Cost Segregation study is a strategic tax planning tool allowing commercial property owners to increase cash flow by accelerating depreciation deductions and deferring Federal and State income taxes. It should be completed any time after the purchase, remodel or construction of a property. However, the optimum time for a study for new owners is during the year a building is constructed, purchased or remodeled. For investors who are in the planning phases of construction or remodeling, the best time to consider a Cost Segregation study is before the infrastructure of the building is set.
Work Opportunity Tax Credit (WOTC)
Did you know that in 2020, State Workforce Agencies issued 1.6 million certifications to employers seeking a Work Opportunity Tax Credit (WOTC)?
The WOTC is a federal tax credit available to employers who invest in American job seekers who have consistently faced barriers to employment. Employers may meet their business needs and claim a tax credit if they hire an individual who is in a WOTC targeted group.
R&D Tax Credit
A general business tax credit based on the types of activities performed on behalf of employees. It as an immediate source of cash, as well as a significantly reduces your current and future years' federal and state tax liabilities.
COVID Employee Retention Tax Credit (C-ERC)
A payroll tax credit for business affected by COVID-19. You can claim up to $14,000 per qualified employee.
Disaster Retention Tax Credit (D-ERC)
A federal tax credit for business affected by disasters across the county from 2018 through 2019. You can claim up to $24,000 for each existing employee who earned wages at these locations.
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