Don't you want the government to give you thousands of dollars for your business? Of course you do! Taking the time to learn about and to take advantage of tax credits the federal government provides to businesses is well worth the time and effort. You can save big. For example, you can receive:
$150,000 in tax credits by providing childcare services.
$500 in tax credits to start a pension plan.
$8,500 in tax credits for hiring a long-term welfare recipient.
$5,000 to make your business handicap buildings.
20% tax credit for fixing historical buildings.
$2,400 for hiring a resident of an empowerment zone.
In addition there are tax credits for energy efficiency, donations, locating your
business in an empowerment zone, and more. Added together, these credits can make your first business years more profitable. Don't just stop at the federal government though. States, cities and counties can also offer these benefits. To learn more about the federal government credits, contact the Internal Revenue Service.
