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Jaret Loney, CPA, CMA, EA. Manager, Business at Tax Credit Services

Understanding State Tax Incentives

Tax Credit Group Adds to Team, Offers Businesses Expanded Services Leveraging State Tax Incentive Programs To Improve Bottom Line

DAVENPORT, IA, UNITED STATES, January 24, 2023 /EINPresswire.com/ -- Tax Credit Group has expanded their team to help businesses save money by leveraging state and federal tax incentive programs. The firm has hired Jaret Loney, business manager, for Tax Credit Group. The organization is expanding its operation to serve clients across the United States to leverage important tax credits available to them. With the increasing importance of corporate tax incentive programs over the last decade to a company's bottom line, Tax Credit Group helps creates huge opportunities for businesses to use those programs to expand their business and support their workforce.

Qualifying activities such as job creation, research development, manufacturing, and other growth endeavors are included in these tax incentive programs to help support the state’s economic objectives. Each state has unique strategies in place to stimulate and diversify their economies.

Businesses can benefit from their state’s tax programs by promoting new capital investments and other desirable economic activities within a company. There are a wide range of employer tax incentive programs available for businesses in 2023. Tax Incentive Group helps employers leverage their state tax credits to support job creation, research and development, selecting new locations for expansion into enterprise zones, and more.

“We are excited to have Jaret bring his expertise to the team,” says Troy Loney, president of Tax Credit Group. “He has a great understanding of the benefits we offer clients and how we help clients leverage important tax credits that are available to them.”

The types of tax credits available vary by industry, location, and even size of company. For example, the job creation silo for employee tax credits is certainly one of the most favorable, as it provides the push needed to grow and diversify a company and strive for revenue building growth. On the other hand, research and development credit is used to motivate companies to engage in activities related to developing knowledge. This credit provides additional funds to stimulate innovation and development within existing employees and infrastructure and is typically available to businesses of all sizes.

Companies can calculate their tax credits and analyze credits that exist in their state to benefit directly by taking proactive steps to qualify for these programs. Tax Credit Group can support businesses by screening for employer tax incentives to ensure companies get the credits they are owed. Tax Credit Group can be reached at (563) 583-2115 or at TaxCreditGroup.com.

Jana Rieker
Amplimark
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