90%

 

Work Opportunity Tax Credits (WOTC)

 

90% of “for-profit” businesses qualify for the Work Opportunity Tax Credit (WOTC). A Federal hiring incentive, WOTC provides a tax credit of up to $9,600 per qualified new hire. WOTC qualifiers are individuals that have been on government assistance, veterans, ex-felons, and many more.

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  • NTC used a mix of environmental tax credits and incentives, client pooling, and "win-win" negotiating procedures to reduce our waste disposal costs by 35%.
    Terry Pfeifer, ACI Companies
  • "NTC has recovered hundreds of thousands in tax credits for our 300 locations across the US. They respond efficiency and bring passion and drive to our tax credit program."  
    Gloria Watson, Levecke Companies
  • It’s not what you’ve missed, but how you handle the opportunity when it’s too big to pass by. NTC offered a compelling solution that engages cutting edge technology, and superior customer service. Their platform really makes it easy to capture the credits that makes an impact to your bottom line. Jasmin T. Espy-President - Summit Staffing
  • NTC team has served our company for over 4 years and helped us recover millions in state and federal tax credits. I highly recommend NTC.
    Ed Campbell, Controller..97 nursing facilities
  • "NTC Environmental Team cut our cost for over 100 locations $97,300 per year with the same waste hauling service we had used  for over 10 years" 
    John Reeves- Sunbelt Properties
  • "NTC consulting services have proven to be an asset for our school system. NTC secured our new reduced pricing for a three-year term, ensuring we are provided the best value available. I highly recommend National Tax Credit for any school system. Their program is simple to implement and costs absolutely nothing unless they provide actual savings." (view letter)
    Ed Miller, Ed.D. Superintendent

Work Opportunity Tax Credit (WOTC)

90% of “for-profit” businesses qualify for the Work Opportunity Tax Credit (WOTC). A Federal hiring incentive, WOTC provides a tax credit of up to $9,600 per qualified new hire. WOTC qualifiers are individuals that have been on government assistance, veterans, ex-felons, and many more.

 

State Tax Credits and Incentives

Most states offer companies a range of incentives and tax credits. NTC reviews state incentives in which each client operates, pursues, and processes those incentives and credits on a contingency-success fee basis only.

Geographic Based Credits

Periodically, the Federal government designates certain economically depressed areas as tax advantage areas. If your business is located in one of these areas, and you employ individuals living in the same area, you can earn credits towards reducing your federal tax liability.

 

For example, Empowerment Zone (EZ) credits have provided up to $3,000 per qualified employee a year. In addition, businesses located within qualified zones are entitled to increased tax expensing of equipment purchases, and tax incentives for environmental remediation.

 

Disaster Relief Tax Credit

The Disaster Relief Tax Credit exists to help businesses rebuild, and to help individuals rejoin the workforce in the aftermath of natural disasters such as: Hurricanes Katrina, Rita, and Wilma. The Federal government has joined forces with State and local governments to ensure adequate infrastructures and facilities are rebuilt. Employers can earn up to $2,400 in tax credits per qualifying new employee when the Disaster Relief Tax credit is in effect.

Native American Employment Credit

The Native American Employment Credit offers businesses tax credits which, unlike tax deductions, directly offsets an organization’s Federal tax burden. This provides an incentive to hire and retain individuals who are enrolled members of a Native American Tribe (or the spouse of an enrolled member), or live on, or work near a Native American Reservation.

Research and Development Credit

The Research & Development Tax Credit (R&D) offers tax incentives, and cost expenses for investments made towards research efforts. Furthermore, improving products/processes may also qualify an employer. This credit is not exclusive to only technical companies as previously thought. Retroactive regulations of the IRS in December of 2003 made it easier to qualify. Many states offer R&D credits to qualified businesses.