Our Services
Tax credit programs that can save you money.
RetroTax® is a full service administrator of federal and state incentive programs. These programs generate federal and state income tax credits that offset federal and state income tax liability. RetroTax uses a state-of-the-art proprietary software program to process your company’s information to obtain federal and state tax credits.
We currently administer:
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Federal Empowerment Zone Wage Credit Program
Up to $3,000 in tax credits per qualified employee
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Federal Renewal Community Wage Credit Program
Up to $1,500 in tax credits per qualified employee
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Work Opportunity Tax Credit Program (WOTC)
Up to $9,000 in tax credits per qualified employee
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Indian Employment Credit
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State Enterprise Zone (SEZ) Credit
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Job Creation Credits
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Various State Tax Credit Programs
How are credits generated?
We conduct a thorough client qualification process including discussing these tax credits with the client’s tax advisor to determine the value and the ability to utilize federal or state income tax credits. Many tax credit programs are retroactive and allow companies to capture overlooked credits in past years. Excess credits can be carried forward as many as 20 years. Many tax credit programs can be combined to increase the value of benefits (i.e. special hurricane related credits, GO Zone, etc.). Once a client is determined to be a good prospect for tax credits, the process to capture the credits for each program begins.
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