Tax Credits FAQs - estimate how much tax credit you could get. Employer tax credits are credits that the Federal and State Governments give to companies that hire and retain certain disadvantaged individuals. These individuals are in one or more of the federally mandated difficult to hire categories. Unless each of your employees is completing a basic questionnaire, you ll never know. CFO Resources screens all employees by asking each new hire to complete two new forms.
Many companies are surprised at how many employees qualify for one of many different tax programs.
Some even qualify for multiple programs. Largely, tax credits exist to reduce the welfare roles and to get the disadvantaged into employee roles. Employers don t qualify. All new hires are asked a series of questions and are asked to sign a form. This form is then sent to CFO Resources to determine if the employee is eligible for certification.