One Source for all Tax Credits & Economic Incentives
ADP offers a variety of tax credit and business incentive solutions to most employers.
Federal, state and local governments have instituted different tax credit and economic incentive programs as a way to help revitalize the economy and assist individuals in the transition from public assistance into employment. In addition to the several programs administered by the Federal government, almost every state and local jurisdiction offers tax incentives to business, based on hiring, geographic locations and expenditure activities. These programs can be very lucrative, some over $20,000 per employee and multi-millions per project. But searching them out is another story.
The process of monitoring each jurisdiction’s programs can be difficult, confusing and labor-intensive. It may involve researching incentives, searching historical records, negotiating with different government agencies, obtaining appropriate data, running calculations, screening employees, administering the incentives and staying current on ever changing legislation. And that’s over and above all your other demanding job duties!
ADP offers the most comprehensive tax incentive program for your company based upon company objectives, employee demographics, and geographic locations.
Get incentives for your business based on hiring, geographic locations, expenditure activities and training activities and/or expenses, including:
Employment Tax Credits
ADP's solution for Employment and Wage-Based Tax Credits allows clients to maximize their tax credit capture while decreasing their administrative burden. ADP's solution identifies geographic and demographic tax incentives through location eligibility determination, employee eligibility screening, form processing, monitoring/tracking and calculation of credits.
Federal & State Tax Incentives
ADP's solution for Federal and State Tax Incentives allows clients to reduce their effective tax rate through tax credits, incentives, grants, refunds and rate reductions. ADP's solution includes identification and negotiation of tax credits and incentives, through to administration and calculation of tax credits and incentives.
Economic Development Incentives
ADP's solution for Economic Development Services and Incentives allows clients to meet their strategic location goals while increasing the return on investment of business projects. ADP can negotiate and administer the optimum package of tax credits and incentives for expansion, relocation, consolidation and/or retention projects.
National Tax Benefit Exchange (NTBE)
Many states allow companies to transfer their Tax Benefits (Net Operating Losses and Unused R&D Credits). ADP can help your company with all aspects of this program - ranging from completion of the Application for Certification to placement of your tax benefits with a buyer.