Tax Credit Services

TaxBreak delivers unprecedented results through the expertise of our staff and our focus in the industry. We research each piece of legislation to understand the qualifications and loopholes in depth. This information is recorded in an innovative software application we developed, so data on every individual you hire can be matched against the latest eligibility requirements.

The Process

When you turn to TaxBreak to recover and maximize your capital, we go through an in depth process to ensure you receive every credit you deserve.

• We review each employee’s W-2 in detail matching them against more than 1000 available state and federal government incentive.
• We work with you to develop a process that is manageable by your staff to maximize efficiency and participation by hiring managers
• We train hiring managers at each location to ensure everyone understands the value of the program and how to carry-out the 2-3 minute process
• We send reports to corporate management on credits available with a status on paperwork and information received from your locations, so you know if you are about to miss an opportunity
• We send completed forms to you for new hire signature and subsequently audit the paperwork and submit it for certification on your behalf.
• We track the information through the certification process and once the employee is certified, we provide the necessary IRS forms for you to file with your taxes.
• We work on a contingency fee basis, so there is no financial risk to you.

The Opportunities

Billions of dollars are forfeited every year because business leaders and managers do not have the means to track, research and take advantage of the available government incentives. TaxBreak’s due diligence in tracking employer business incentives is focused on the following key categories:

• Work Opportunity Tax Credit (WOTC)
• Employee FICA Tip Credits
• Geographic Based Credits
• Disaster Relief Tax Credit
  
• Indian Employment Credit
• Research and Development Credit
• Cost Segregation
• State Tax and Incentive Credits
  Note: State tax credit services are managed by our sister company The Business Incentives Group and is provided as a seamless service to our clients. For more information, visit www.tbigtax.com.
  
  

The Technology

TaxBreak owns and operates proprietary software to record and track the existing tax opportunities. Such employee data as location, date of hire, age, veteran status, employment industry and is used to determine tax credit eligibility. Based on the information the applicant provides when answering a small set of question, hiring managers can immediately determine whether or not the individual qualifies for a credit, even before an offer is made.

This software-as-a-service (saas) application is built using the latest XML standards and integrates easily with existing applicant tracking, payroll or HRIS/HRMS system, producing a streamlined workflow for your staff.

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