Did you know that you could save up to $9600 for every employee you hire?
Did you know that you can significantly reduce training and employee integration costs?
Here are a few examples: There are tax credits available for employers that remain in place through 2019 even after the tax reform that took effect in 2018. These tax credits for business owners who create jobs are available for virtually all business owners. These include manufacturing payroll credits, technical job tax credits, enterprise zone credits, start up tax credits, small business tax credits. This can be claimed with new automation.
Automation makes it possible for all.
What used to be cumbersome at best, is now streamlined. Automation has taken away many hurdles that used to be in the way from business owners and employers of all sizes from taking advantage of the framework provided to business owners. Timelines, employee knowledge and truthfulness, and fees and administration costs can now be removed as hurdles to adding money right to the employers bottom line.
Tax Credits vs Tax Deductions
Tax credits directly reduce the amount of tax you owe, giving you a dollar-for-dollar reduction of your tax liability. A tax credit valued at $1,000 lowers your tax bill by the corresponding $1,000. Tax deductions reduce how much of your income is subject to taxes.