Often business leaders are too time-strapped and focused on the issues right in front of them to investigate out-of-the-box business strategies. This is why many small businesses and startups miss out on the lucrative tax credits and incentive opportunities that large corporations use to offset their tax liabilities.
In an effort to stimulate the economy and encourage hiring, the U.S. government offers tax breaks for businesses related to employment, growth, training and other activities that employers consider the day-to-day operations of a business. Identifying which incentives are available at the federal, state and local levels can be arduous. And many times, entrepreneurs blindly hope their CPA or accountant handles this for their company, but only a handful of CPAs offer these specialized credits to their clients.
