Retailers typically achieve the following Specialized Tax Incentives and Corporate Expense Reduction averages:
Parcel Shipping -- 15%
Credit Card Processing -- 21%
Claim Retail Credits with the
Tax Incentive Management System
The Tax Management System (TMS) allows retail businesses to track and claim all of their available tax credits. Designed to increase your cash flow, automate your HR platform and continuously check for tax credits.
The Employee Retention Tax Credit was created to support retail businesses needing relief from the pandemic and those who had enrolled employees on payroll. Eligible employers can earn up to $26,000 per employee.
The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to retail employers who hire and employ individuals from specific target groups. An employer will average a benefit of $2,400 per eligible employee.
The R&D Tax credit is for taxpayers that design, develop, to retail employers who hire and employ individuals from specific target groups. An employer will average a benefit of $2,400 per eligible employee.
Get started with an established industry leader and claim your funds now.
Auto dealers by instinct are always looking for the edge, and when it comes to income taxes they are looking for ideas and ways to reduce or mitigate their income tax liabilities. Let us help you claim what your entitled to today!