HR New Hire

If your company is located within an Empowerment Zone, you may be eligible for a tax credit.

Tax Credit Services

Work Opportunity Tax Credit

The Work Opportunity Tax Credit is a federal hiring incentive that provides a tax credit of up to $2,400, $4,800 and $9,000 if your company is hiring from any one of the following groups:

• A member of a family that is a Qualified Food Stamp Recipient
• A member of a family that is a Qualified Aid to Families with Dependant Children (AFDC) Recipient
• Qualified Veterans
• Qualified Ex-Felons, Pardoned, Paroled or Work Release Individuals
• Vocational Rehabilitation Referrals
• Qualified Summer Youths
• Qualified Supplemental Security Income (SSI) Recipients
• Qualified Individuals living within an Empowerment Zone, Renewal Community, or Enterprise Community
• Resident of one of 408 Designated Communities
• Long Term Family Assistance Recipient (TANF)

Empowerment Zone Tax Credit

The Empowerment Zone and Enterprise Community program offers tax incentives to companies located within these designated areas to afford the local communities real opportunities for growth and revitalization. Empowerment Zones are selected based on poverty levels, unemployment rate, crime rate, and the number of low income households.

The Empowerment Zone Tax Credit is a tax credit equal to 20% of the first $15,000 in wages in any year if the employee lives and provides services in an Empowerment Zone. The Department of Housing and Urban Development designates Rural and Urban Empowerment Zones. Empowerment Zones and Enterprise Communities also offer many other increased deductions, depreciations and capital gains incentives.

To be eligible, a new or existing employee must reside in the Empowerment Zone/Renewal Community and be employed for at least 90 days after the initial date of hire.

Renewal Community Tax Credit

The Renewal Community Tax Credit is a tax credit equal to 15% of the first $10,000 in wages in any year if the employee lives and provides services in a Renewal Community. The Department of Housing and Urban Development (HUD) designated 40 Urban and Rural Renewal Communities effective January 1, 2002. Renewal Communities also offer many other increased deductions, depreciations and capital gains incentives.

We obtain the required documentation and submit the necessary forms to the government agencies on your behalf. Our staff will then process the certification paperwork, calculate the federal tax credits, and produce tax forms and reports for you.

Our fees come from your company's tax savings.