Other Federal and State Tax Incentives
With the right process in place, your strategic investments can yield material tax credits.
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There are so many ways TCC can help your business. They are diligent in maximizing our ROI.”
– VP, tax, Fortune 500 manufacturing
Optimize Your Return on Investment
Seeking a competitive advantage in attracting business, many states offer incentives for hiring or retaining employees, investing capital, as well as encouraging many other social, economic, and environmental activities. Most companies are actively doing these things without capturing the benefit. TCC navigates compliance on behalf of our clients, while maximizing the benefit.
The Empowerment Zone and Indian Employment Credits incentivize employment in targeted communities. The Empowerment Zone Credit is extended through 2025. The Indian Employment Credit is extended through 2021. All are retroactively available for three years.
A variety of incentives are available for employers located in the state’s Enterprise Zones. Colorado state tax credits are available for businesses investing in job training (whether that training occurs onsite or offsite). Incentives also apply to companies expanding their workforce.