Unlock Savings with Tax Credits & Incentives

Take full advantage of the credits available to you

A tax credits and incentives strategy should be part of every business and individual’s tax planning process.

Too many opportunities go unclaimed each year, but with our expertise, we can ensure that you take full advantage of available credits to minimize your tax burden and keep more of your money. Whether you’re a small business owner, a self-employed individual, or part of a large corporation, our team will guide you through the complex world of tax credits and incentives, helping you unlock savings you might not even know exist.

A person drops a coin into a glass jar filled with coins, while using a calculator and holding a pen in the background. Stacks of coins and paperwork are also visible on the table, representing claiming tax incentives

Why Tax Credits & Incentives Matter

Tax credits and incentives are financial tools designed by federal, state, and local governments to encourage certain behaviors or investments, such as job creation, environmental sustainability, and research and development. These credits can significantly reduce your tax liability, potentially lowering your overall tax bill or even providing you with a refund.

Benefits of Tax Credits & Incentives:

  • Lower Your Tax Liability: By claiming eligible credits, you can directly reduce the amount of tax you owe.
  • Increase Refunds: Some credits can result in a refund even if you owe no taxes, depending on the credit type.
  • Encourage Business Growth: Many credits are designed to incentivize growth in certain industries, including renewable energy, research, and hiring new employees.

Types of Tax Credits & Incentives We Help You Claim

At Fidelis CPAs, we help identify and claim various types of tax credits and incentives that apply to your specific circumstances. Here are some of the most common ones we assist with:
a line-drawn icon of a microscope and a beaker with a circle at the top that has a $ in the center, indicating the cost of research & development

Federal & State Research & Development (R&D) Tax Credit

For businesses investing in innovation, the R&D tax credit allows you to recover expenses related to improving or developing products, processes, or software.
 

  • Who qualifies: Businesses involved in product development, software development, or process improvement.
  • What we do: Help identify qualified research activities and document eligible expenses to maximize the credit.
a line-drawn icon of a rectangle that contains two people wearing ties with a gear between the two. above the rectangle is a circle with the $ in the center and dotted-lines ending in arrows indicating support for claiming the Work Opportunity Tax Credit

Work Opportunity Tax Credit (WOTC)

A federal tax credit available to employers who hire individuals from specific target groups, such as veterans, long-term unemployed individuals, or ex-felons.
 

  • Who qualifies: Employers who hire workers from targeted groups.
  • What we do: Guide you through the certification process and ensure that you’re claiming the credit for each eligible employee.
a line-drawn icon of a tip jar with coins going in the top indicating accounting support for the FICA tip credit

FICA Tip Credit

For those businesses in the hospitality industry, this is a credit just for you! The federal tip credit allows employers to claim a credit for the FICA taxes (i.e. Social Security and Medicare) that were paid on employees tips, in excess of the federal minimum wage. Since this is a credit, it’s a dollar-for-dollar reduction of your tax liability. This is a tremendous credit that not all tax preparers are aware of – and a perfect example of why you should work with an experienced, trusted professional like Fidelis.
 

  • Who qualifies: Shareholders/Owners of restaurants, bars, and taverns
  • What we do: We will calculate the tip credit based on reports from your payroll provider and ensure they are properly reported on the K1s and/or owner tax returns.
a line-drawn icon of a flower pot with a flower growing from it; the flower is a circle with a $ symbol in the center, representing green tax incentives

Energy Efficiency & Green Tax Incentives

There are various federal and state incentives available for businesses that make energy-efficient improvements to their operations, such as upgrading HVAC systems, installing energy-efficient windows, or using renewable energy sources.
 

  • Who qualifies: Businesses implementing green initiatives, including energy efficiency upgrades or renewable energy installations.
  • What we do:Help you identify eligible energy-saving investments and maximize your available incentives.
a line-drawn icon of a US map with a pin in the upper left corner indicating state and local tax credits support

State & Local Tax Credits

Each state offers its own set of tax incentives, including credits for hiring employees, conducting research, or expanding operations. We help you navigate state-specific opportunities that can significantly impact your tax burden.
 

  • Who qualifies: Businesses operating in specific states or jurisdictions.
  • What we do:Research state and local credits, determine eligibility, and ensure all documentation is filed correctly.

How We Make the Tax Credit Process Easy for You

Tax credits and incentives can be overwhelming, with ever-changing laws and regulations. That’s where we come in.

Our team at Fidelis has the expertise to assess your unique situation, identify eligible credits, and ensure everything is filed correctly. We focus on simplifying the process so you can focus on what matters most—growing your business or managing your personal finances.

 

What we do for you:

  • Comprehensive Credit Analysis: We conduct a thorough review of your tax filings and business activities to identify opportunities for credits.
  • Maximized Deductions: We ensure that you’re not missing out on any credits or deductions that could save you money.
  • Guided Filing Process: We help you navigate the documentation and filing requirements, ensuring full compliance and avoiding missed deadlines.

Start Saving with Tax Credits & Incentives

We are dedicated to helping you save money by leveraging available tax credits and incentives. Our goal is to ensure you never leave money on the table when it comes to your taxes. Contact us today to schedule a free consultation, and let us help you identify opportunities for savings.

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