Tax Credits

Most federal and state tax credits and incentives available to companies go unclaimed due to the cost, complexity and time intensive nature of their administration.  The potential dollars saved simply do not justify the risk of undertaking the laborious effort involved.  That is, unless companies could outsource the calculation and administration of these federal and state credits and incentives to a third-party who specialized in this area.  Freed Maxick & Battaglia, CPAs is that third-party. 

A strategic partnership with us allows companies to take advantage of Freed Maxick’s leading edge technology and its processing center’s years of experience to decrease their operating costs and increased cash flow.  Freed Maxick & Battaglia works on a contingent fee basis, meaning that clients must recognize savings before we are compensated.  Therefore, there is virtually no financial risk to you.  The following represents only a few of the many sources of unclaimed dollars available to companies who will consider using our services:

Federal and N.Y. State Tax Credits

Federal: 

A variety of federal tax credits are available to businesses.  Some are based on hiring members of targeted groups or operating in certain locations.  Others are more widely applicable.  The following is a list of the most common Federal tax credits available today.  

• Credit for employer paid FICA on tips
• Credit for small employer pension plan start-up costs
• Disabled access credit
• Empowerment zone credits
• Foreign tax credit
• Fuel tax credit
• Increasing research activities credit
• Indian employment credit
• Low income housing credit
• New Markets credit
• Rehabilitation credit
• Renewal Community credits
• Research and development credit
• Welfare to work credit
• Work opportunity credit

New York State credits: 

A variety of New York State tax credits are available to businesses.  Some are based on the type of activity or location of the business.  Others are more widely applicable.  The following is a list of the most common New York State tax credits available today.   
 

• Alternative fuels credit
• Automated external defibrillator credit
• Brownfields redevelopment credit
• Credit for employment of persons with disabilities
• Emerging technology credits
• Empire zone credits
• Employment incentive credit
• Farmers school tax credit
• Industrial or manufacturing business credit
• Investment tax credit
• Liberty zone credits

Utilizing Freed Maxick & Battaglia’s services will allow companies to take advantage of these tax savings and incentive strategies.  Simply put, we facilitate the administrative process involved with these programs at no risk to interested companies.

• Federal & State Tax Credits Overview

                                       
Don Warrant, CPA
Director