ADP said Thursday that it has helped U.S. businesses find more than $1.4 billion in tax credits in 2012.
The tax credits included programs designed to boost hiring of veterans and summer youth employees. They included the Work Opportunity Tax Credit, Federal Empowerment Zone credits, Federal Indian Employment Credit and the Georgia Retraining Tax Credit, along with tax credits and incentives to support hiring veterans and state-level hiring credits.
“The credits and incentives space is complicated and diverse, with credits from local, state and federal entities varying greatly,” said Jeanne Madden, vice president of operations for ADP Tax Credits, in a statement. “It can be daunting for companies to search, determine eligibility for and claim potential tax credits.”
ADP’s tax credits business software is one of the components of ADP SmartCompliance, a recently released set of cloud-based outsourced services to help midsize and large businesses manage employment-related tax and payment compliance.
For more information, visit www.adp.com/taxcredits.