  | |||||||||||
| |||||||||||
 Resources |
FAQ: Frequently Asked Questions If the answer to your question isn’t here, just call one of our Account Supervisors for the answer…800.350.2265 Who is USTAX CREDITS? For the past 8 years our team of experts has focused on identifying and accessing dollars which save our clients money and improve their bottom line. Our specialized processes set us apart by ensuring that each and every client receives the maximum claim. What are tax credits? Whether they are based upon your employees, your assets or whatever else…tax credits are made available by government agencies in order to generate economic development. The key is knowing what’s available, what the qualifications are, how the system works and how to access them. Once captured, tax credits can be used to reduce or in some cases virtually eliminate income taxes. Who can benefit from tax credits? Businesses or Shareholders that pay income taxes, including Corporations, S-Corporations and Partnerships (including LLC, LLP, etc.). Tax credits can be applied at the corporate level, and if a pass-through entity, at the shareholder level as well. What role does your company play in the process? It’s simple. All you do is make information available, such as payroll records and a few numbers off your tax returns. We use only what is needed to capture the benefits. What if you have already filed with someone else’s help? A second set of eyes, with an impressive track record, can look at ways to maximize your claims. If anything, new opportunities can be identified so that you can claim more dollars in the future. Thus far, EVERY ONE of our clients that have previously filed through other sources have recovered thousands more dollars with the aid of our specialization and time-tested techniques. Most commonly, opportunities have been missed, claims have been submitted improperly, and thousands still sitting on the table waiting to be claimed – but only within an allotted amount of time. How can we help you before you’ve hired new employees? Clients can pre-qualify new employees BEFORE hiring. Through a proprietary process know as WorkForce Builder&trad;, clients check in at our website, www.ustaxcredits.net, and find out which individuals can result in the government putting more money into their pockets. How much can we save? Virtually 100% of our clients meeting the guidelines have received a minimum of $10,000 in tax credits and in most cases much, much more. Why haven’t I heard of this before? Although tax credits have been made available by the government for many years, they are not highly publicized, and there are few companies that specialize in identifying and claiming them. Is this something my accountant does for me already? Many business owners hear the phrase "Tax Credits" and think that their CPA must be taking care of it, if available to them. FALSE. This is a wholly separate specialty area and tax credit specialization among CPAs is rare – less than 1%. While experts in such specialties as tax accounting or auditing, most CPAs will refer you to a tax credit specialist. This way you are assured the maximum amount possible. What are the specific actions my business can be rewarded for?
How are tax credits applied? A tax credit dollar can be used to pay a dollar of income tax that is due. For example, if a business has a Net Profit of $1,000,000 there will generally be income taxes that are due. And, that tax liability can be paid by applying the tax credits against the tax liability. In the end, you pay fewer dollars out of your business’ pocket. What form do you receive payment in? If the tax credits you receive are for past years of taxes already paid, then you receive a check to be deposited into your business’ bank account. If the tax credits are for the current year then they are applied against your current tax bill. |
||||||||||
