Do you need help financing new business initiatives? Governmental tax credits can help your company grow, while keeping your debt-to-equity ratio under control. Mentor Works has compiled a few great tax credit programs that can help your business thrive:
Apprenticeship Employer Signing Bonus
This is a great tax credit to help you expand your human resources. The $2,000 Employer Signing Bonus initiative is designed to encourage employers in the trades to register new apprentices in sectors where there is a high demand for skilled workers.
Apprenticeship Training Tax Credit
Do you want to add a member to your workforce, but do not know how you will fund the training required to educate the employee? A refundable tax credit for corporations and unincorporated businesses employing apprentices in certain skilled trades will help your company finance the first 48 months of an apprenticeship program, so you can get maximum return on your investment.
Is your company wrestling with the costs and uncertain returns associated with research and development? Harness this federal tax incentive program to achieve your true business potential. This program will cover 35% of research and development expenses up to the first $3 million and 20% in excess of that amount. See if you qualify for the Scientific Research & Experimental Development (SR&ED) tax credit.
If you would like more information about tax credit opportunities, please contact Mentor Works today. Also, be sure to stay up-to-date with new government grants by following us on Twitter, Facebook, and LinkedIn.