|Tax Credit Savings|
New hire tax credits can provide you with a reduction in your federal tax liability and a dollar-for-dollar increase to your bottom line. Here’s an example:
Assume that your taxable income is $100,000. With normal tax rates, you would pay $34,000 in taxes and keep $66,000. If you have $18,000 in new hire tax credits, you reduce the tax liability of your company from $34,000 to $16,000, retaining $84,000. That is an increase in your profits and cash of $18,000! If you are a public company, this goes directly toward your shareholder value, increasing earnings per share and market value.
Based on our experience, approximately 10% of the employees a company will hire will qualify for new hire tax credits, with the average savings at $1,500 per individual. This can quickly add up to substantial savings! See what this might mean for you:
The savings from new hire tax credits are truly “found money.” You are entitled to this money: to fail to take advantage of new hire tax credits is the same as leaving money on the table and walking away. Wouldn’t you rather put that money in your pocket or use it to fund new hire programs or training initiatives?
Discover the new hire tax credits you are eligible for:
Call Employer Incentives at (888) 236-7339.