Georgia Businesses: Do You Qualify for a Retraining Tax Credit?
Training is an essential part of a company’s development, growth and overall success. The effectiveness of training programs, whether it’s providing an orientation for new employees or ongoing training...
View ArticleCalifornia Employment Training Panel (ETP)
What is it? When businesses expand by hiring or make improvements by training their existing workforce, the costs can add up quickly. The California Employment Training Panel (ETP), instituted in 1982,...
View ArticleLouisiana Enterprise Zone Program
The state of Louisiana has been resilient in the face of tough times. Its people have weathered the economic crises related to hurricanes, recessions and oil spills on a massive scale. Perhaps one of...
View ArticleBe Informed: Take Advantage of Tax Credits and Incentives
There are an abundance of tax credits and incentives available to businesses that can help offset costs and lower tax rates. These credits can cover recruiting and hiring, training employees,...
View ArticleApplication Periods Announced for California Competes Tax Credit Awards
The California Governor’s Office of Business and Economic Development (GO-Biz) has announced the fiscal year 2015-16 application periods for the California Competes Tax Credit, which is an income tax...
View ArticleNew York Extends New York City Relocation and Employment Assistance Program...
In June, New York enacted S.B. 6012, which included the extension of several tax provisions. Among the programs extended is the New York City Relocation and Employment Assistance Program (REAP) tax...
View ArticleHelping Veterans Transition from the Military to the Workplace
Although the overall unemployment rate for U.S. veterans was down to 5.3 percent in 2014, there are still hundreds of thousands of veterans who are unable to find work, according to the 2015 Employment...
View ArticleLouisiana Legislature Modifies Tax Credit Provisions
At the close of its current legislative session, the Louisiana legislature passed the following tax bills affecting credits and incentives, which were signed into law by Governor Bobby Jindal on June...
View ArticleColorado Redesignates Enterprise Zones
At its August meeting, the Colorado Economic Development Commission (CEDC) approved zone redesignations for 14 of Colorado’s 16 Enterprise Zones, marking the first changes to zone boundaries since the...
View ArticleNegotiating the Complex World of Transferable Tax Incentives
There are many tax credits and incentives available to businesses today. To date, there are 46 states that offer some form of tax credit.[1] These incentives can be effective tools to help businesses...
View ArticleMaine Eliminates Several Credits, Including Jobs and Investment Credit
After a contentious legislative process, the Maine Legislature decided to override Governor Paul LePage’s veto to enact a 2016-17 budget bill.1 Personal income tax provisions in the new budget include...
View ArticleVA’s Major Business Facility Job Credit Creates Opportunities for Area...
The Commonwealth of is known for being a pro-business state. In the last ten years, manufacturing companies have invested more than $16 billion dollars and created over 70,000 new jobs, according to...
View ArticleMississippi Tax Credit Encourages Manufacturing Companies to Stay Local
A big challenge in today’s economic environment is the need to retain homegrown businesses even as states compete with each other for jobs and talent. Tax incentives are one way states can encourage...
View ArticleFlorida Issues Guidance on Sunset of Enterprise Zone Program
The Florida Enterprise Zone program (the “Program”) is set to expire on December 31, 2015 (except for certain extensions).1 In anticipation of the expiration of the Program, the Florida Department of...
View ArticleNew York Introduces Employee Training Incentive Program Tax Credit
The 2015-16 New York Assembly budget bill1 added the Employee Training Incentive Program2, which provides approved New York taxpayers with a training tax credit, effective for tax years beginning on or...
View ArticleWisconsin Enacts Business Development Credit, Sunsets Other Credits
Wisconsin Act 55 (“Act 55”).1 The new budget contains numerous tax provisions which will impact many tax credits and incentives. Some of the key changes are outlined below. Business Development Credit...
View ArticleNorth Carolina Enacts North Carolina Competes Act
On September 30, 2015, North Carolina Governor Pat McCrory signed into law the North Carolina Competes Act (HB 117)1 (the “Act”), which the governor has identified as a key component of his...
View ArticleThere’s Always Room for More: Identifying Negotiable or Discretionary Incentives
There are many different types of tax and business incentives offered by the federal and state government to help encourage businesses to either locate or expand in targeted areas. Many of these...
View ArticleBusiness Owners: It’s Still Possible to Take Advantage of Some 2015 Tax Credits
If you’re a business owner, one of the items on your year-end checklist should be to check what tax credits are available to you. If your business is eligible, taking advantage of a tax credit can help...
View ArticlePotential Changes to WOTC in 2016
Savvy HR professionals know that the Work Opportunity Tax Credit (WOTC) can be a great way to receive tax benefits while offering valuable employment opportunities to target groups in the community....
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