Wondering how to make filing your taxes as pain free as humanly possible? 状态 and local tax guru 查德·比斯，注册会计师, a principal in 意图’s 赞斯维尔 office, may have the answer. 在这一集 unsuitable on 意图 Radio, Chad shares some valuable 洞察力: tax credits and incentives aren’t just for the giant corporations. Small- to mid-sized businesses can benefit from a variety of valuable credits and incentives as well. 简而言之, if you can produce headcount growth, new tax dollars to the state, new investment in fixed assets or new investment in training your employees, then there are credits and incentives you can (and should) be taking advantage of.
查德说, the most often phase you will hear with regard to state and local taxation is: “it depends.” That’s because there are a variety of other outliers to consider 之前 arriving at a concrete answer. Ultimately, state and local tax answers depend on the:
- Facts surrounding your business
- 状态 in which you are doing business
- Local jurisdiction in which your business is located
Statutory Credits and Negotiated Incentives Provide Tax Relief
All business owners should be acutely aware of the statutory credits and negotiated incentives available to them. Think of statutory credits as things frequently claimed on your tax return, including investments in machinery, 设备, 家具, 固定装置, 研究 & development, hiring, 等. These are credits can often be taken 后 这样的事实.
Negotiated incentives, 另一方面, include training grants, 招聘拨款, 工作学分, real estate abatements, tax increment financing, 等. These incentives must be negotiated 之前 这样的事实. Here are some other key facts regarding negotiated incentives:
- You can never start too early, but you can start too late. If you wait, the money may be gone or you may no longer be eligible. 此外, if you’ve already started the project, 订购机器, or hired the employee then it’s too late. No one is going to offer you a credit or incentive if you’ve already committed to making that investment.
- Credits and incentives should be tied into your long-term strategic plan. Chad says he tries to create a three-year picture of incentives for his clients annually. 要做到这一点, he asks for a three-year picture of payroll increases and headcount increases as well as a three-year projection of fixed asset spending and training spending. Remember: Jobs are king. There are tremendous opportunities for incentives when it comes to headcount increases.
- Get to know the economic development directors in your area. Negotiated credits and incentives often involve three to four parties: the city, 县, the township or the state development authorities.
- Planning to move your business or expand? There may be incentives or credits for moving to another region, moving to another state or expanding in your existing location.
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文章 & 洞察力
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Bonus Depreciation Yields Big Savings For Business Owners – Since introduced as part of the Job Creation and Worker Assistance Act of 2002, bonus depreciation continues to be a powerful tool for year-end business tax planning. 继续阅读 to discover just how powerful.
〇承担税金 Year Round – If you’re like most people, you may tend to view taxes as a necessary evil that you have to deal with only one time each year. The truth is, taxes should be part of your discussions year-round.
Attract Top Talent With These Tax-Free Tactics – When it comes to attracting and retaining the top talent in your industry, businesses seem to have no choice but to get creative with their benefit packages. The good news is that many employee perks are tax-free. 继续读下去 了解更多.
官方成绩单
点击这里 to read the 官方成绩单 for episode 68: “keep your money: count every credit & employ every incentive.”