Tax Credit

Make the most out of your claims with profitsview

Let loose by letting us worry about your tax credit claims. Our experts will ensure your eligibility and help you through the claim process effortlessly.

    Why ProfitsView for Tax Credits?

    Are you wondering if there are various companies who can help you claim your tax credit, then why choose Profit View? Here are some of the factors that distinguish us from our competitors.

    Top-Rated Experts

    We are home to some of the most skilled taxation experts who possess in-depth knowledge about tax credits and benefits that can be availed while preparing taxes and otherwise. So, leverage our expertise in this area and ensure a 100% efficient process.

    Efficient Tax Claims

    Our experts follow a comprehensive approach to ensure the eligibility and smooth claim process of your tax credits. We analyze your business activities and accordingly judge the maximum amount of tax credits you can claim, ensuring you benefit the most from them.

    All-around Analysis

    Our team does each tax credit job by thoroughly analyzing your expenses and whether it makes you eligible for the series of tax credits offered by the IRS. This helps us ensure an efficient and accurate tax credit claim.

    How do Our Experts Handle Tax Credit Claims?

    Gather Necessary Details

    To start with, you would have to provide us with all the financial details, like your income and expenditure, relevant IRS Forms, payroll details, etc. This will allow us to get a better idea of your financial dynamics.

    Step 1

    Step 2

    Determine Your Eligibility for Tax Credits

    Now, our experts will identify your expenses and income, which align with the tax credits offered by the IRS. Then, we will ensure your eligibility for the same and determine the amount of benefit you can apply for.

    Confirm and Double-Check

    For surety, we then send it over for you to have a look at the claims we would be making on your behalf. So you can confirm whether our work meets your expectations.

    Step 3

    Step 4

    Filing and Follow-up with IRS

    Lastly, after finalizing your documents for the tax credit claims. Our experts then execute the process by filing for the same with the IRS. Then,  we diligently follow up with the IRS to ensure that your claims are processed efficiently and accurately.

    Types Of Tax Credits We Can Help You With

    No matter if you are an individual or a business entity, our experts specialize in claiming for both types of tax credits. Wondering about the range of tax credits our experts specialize in? Here is a list of a few.

    For Business

    Are you looking for ways to maximize your business’s profit by saving up on taxes? Well, business tax credits can be an ideal solution. The IRS offers various tax credits based on the specific operations your business may be engaged in, promoting business sustainability and economic growth. Some of the business tax credits your business can benefit from are:

    R&D tax credit promotes business investment in innovation and development efforts. It offers a tax credit for eligible research expenses incurred during the creation of new products or software. You can claim an R&D tax credit through… Learn More

    WOTC encourages businesses to hire individuals from specific target groups. These groups include ex-felons, veterans, and those receiving government assistance. The credit amount is determined by the wages paid to qualifying employees during their initial year of employment.

    ITC is accessible to businesses investing in specific types of property, like renewable energy systems, advanced energy property, or the renovation of historic buildings. The credit is calculated based on a percentage of the eligible investment costs. 

    LIHTC promotes the construction of affordable housing for low-income individuals and families. Developers of qualified low-income housing projects receive a credit based on the number of eligible residential rental units.

    NMTC encourages investment in economically disadvantaged communities by providing credit to investors in qualified community development entities. The credit amount is based on a percentage of the qualified investment made in the CDE.

    This credit allows eligible employers offering childcare facilities or services for their staff to claim a credit for a portion of the qualified childcare expenses incurred. It is designed to offset 25% of the qualified childcare facility expenses and 10% of resource expenses.

    DAC is offered to small businesses that spend on making their facilities accessible to individuals with disabilities. It covers expenses related to architectural modifications, equipment purchases, and other accommodations. Maximum Credit available is $5000.

    AMVC is accessible to businesses purchasing certain types of alternative fuel vehicles, including electric and plug-in hybrid vehicles. The credit amount varies based on factors such as the vehicle’s battery capacity.

    For Individual

    Are you someone who is looking to save up on your individual taxes? The IRS provides various tax credits for working individuals to ensure a fair taxation process. Here is a list of a few individual tax credits.

    It is for families with children up to 14 years of age. It helps offset the costs of raising children.

    WOTC encourages businesses to hire individuals from specific target groups. These groups include ex-felons, veterans, and those receiving government assistance. The credit amount is determined by the wages paid to qualifying employees during their initial year of employment.

    AOTC helps taxpayers cover education expenses for the first four years of college. This tax credit is designed to offset your education expenses, like tuition fees and course materials.

    LLC is another option for education expenses. However, it can be used throughout your lifetime, not just the first four years of college. It covers up to 20% of the first $10,000 of qualified education expenses with a maximum of $2000.

    The motive behind this tax credit is to encourage saving for retirement. It gives a tax break for contributions to IRAs and similar plans. The benefit of this credit depends on the type of the taxpayer.

    PTC helps low- and moderate-income individuals and families afford health insurance purchased through the Marketplace. The amount this credit will cover for you is dependant on the income of your family.

    REEPC incentivizes making energy-efficient improvements to your home. This is a double-edged sword that helps both you and the government in conserving energy.

    The IRS allows you to a specific amount of tax credit in case you have adopted a child. This credit is aimed at promoting child adoption by offsetting the expenses borne by you while adopting the child.

    HCTC is available to eligible individuals who are displaced workers, retirees, or family members of eligible individuals. It helps to assist in covering health insurance costs. It is designed to lessen your out-of-pocket payments for your monthly premiums.

    Require Help With Some Other Financial Complexities?

    We can help you with a lot more than claiming your tax credit. So, leave your financial complexities to us and focus on being impactful in your area of expertise.

    Tax Services

    Tax filing can be difficult to handle, and discrepancies in filing them can even cost you hefty losses. So, let our professionals help you with filing your taxes. We will ensure it is done flawlessly.

    Bookkeeping

    Keeping a record of your financial transactions is a reiterative and time-consuming task, which is prone to human error. Thus, trust us to maintain your financial books for you. We use state-of-the-art software to ensure their compliance and accuracy.

    New Business Formation

    Do you have an idea for your business but do not know how to form an entity? No worries, we have got you covered. Leave everything to us, and we will bring your idea to life.

    Tax Credits blog

    Self-Employed Tax Credit (SETC)

    During the pandemic, many self-employed businesses went through hardships. Some of the problems they faced during lockdowns and quarantines were job search, meeting existing commitments, or realizing payments. This further led to a big financial

    Not Only This, Some of Our Clients Even Said

    BICYCLE DISCOVERY INC

    The ERC we claimed due to Profits View was way above the amount shared by my bookkeeper! They have made our filing smooth taking up all the stress that came with tax credits.

    DURA FRESH INC

    We highly recommend Profits View! Their knowledge and expertise on ERC far exceeded my expectations.

    Handy Crew Services INC

    Thanks to Profits View, we have got thousands of dollars of tax credit in the form of a refund from the IRS through Employee Retention Credit. I was not even aware if we were eligible

    Our Clients

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    Trust Profits View for Claiming Tax Credits Efficiently

    You won’t have to worry about a thing after you handle your tax credit’s responsibility to us. Contact us and see how we make it one of your best financial choices.

      Make A Difference With Expert Team

      Profitsview is a provider of back-office services, including bookkeeping, controller services, and CFO services. profitsview is not a public accounting firm and does not provide services that would require a license to practice public accountancy.