Tax credit providers are firms that help businesses optimize government incentives and tax breaks, like those for research and development (R&D), employee retention (ERC), and work opportunity (WOTC). Through tech-driven solutions, these services analyze companies' financial data, including expenses, W-2s, 1099s, and past tax filings, to determine eligibility for tax credits. Consequently, businesses can leverage these credits to reduce their income and payroll tax burdens.
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