Make money as you hire

Earn up to $9,600 every time you hire

Can you afford to ignore an opportunity that may add $9,600 per new hire to your bottom line?

Let neonCredits find, track and process business tax credits allowing for money to be put back into your business’ bottom line.  Our in-depth processing software technology ensures you receive every tax credit you deserve.

Below are some of the tax credits we process for our clients:

Work Opportunity Tax Credit (WOTC)

The Work Opportunity Tax Credit is a federal hiring incentive that provides a tax credit worth up to $9,600.

Employee FICA Tip Credits

Under IRS regulations, employers in the food and beverage industry may be eligible for a credit for social security and Medicare taxes paid on their employees’ tip income.

Geographic Based Credits

The Federal Government has designated certain economically depressed areas as tax advantage areas. If your business is located in one of these areas and you employ individuals living in the same area, you can earn credit against your federal tax liability.

Disaster Relief Credit

These credits were created to help businesses rebuild and to help individuals rejoin the work force in the aftermath of Hurricanes Katrina, Rita, Wilma and similar natural disasters. The federal government joined with state and local governments to ensure the rebuilding of infrastructures and physical facilities impacted as a result of the aforementioned disasters.

Indian Employment Credit

The Indian Employment Credit provides businesses with tax credits which, unlike tax deductions, directly offset an organization’s federal tax burden. This provides an incentive to hire and retain individuals who are enrolled members of an Indian tribe (or the spouse of an enrolled member) who live and work on or near an Indian Reservation.

Research and Development Credit

The Research & Development Tax Credit (R&D) offers tax incentives and expensing of costs for investments, research efforts of qualifying companies to develop new or improved products/processes in their businesses. This credit is not just for the more technical companies as it is often thought to be. Regulations of the IRS in December of 2003 which are retroactive have made it easier to qualify. In addition, many states also offer R&D credits.

Cost Segregation

Under United States tax laws and accounting rules, cost segregation is the process of identifying personal property assets that are grouped with real property assets, and separating out personal assets for tax reporting purposes.

State Tax and Incentive Credits (Over 3,000 Types):

Overview

neonCredits is able to assist its clients with determining whether they qualify for these lucrative incentives. Business Tax Incentive Zones have been created and offered to businesses by local, state and federal government institutions to entice new development or expansion into specific geographic areas in the U.S. There are thousands of zones individually managed and funded throughout the U.S. and can be time consuming and overwhelming. Let neonCredits save you time and money with our dedicated compliance team in maximizing your potential Tax credits.

Who Can Qualify?

Whether you are a medium size company working within one state or a large Enterprise with Coast to Coast operations, neonCredits is in an excellent position to help you gain the most benefit from individual hiring-based tax incentives. With years of specialized dealing with dozens of annual programs variances, designations, expirations and modification, neon will help you gain more retroactive and present-year credits.

Information Detail

neonCredit’s geographic approach enhances the ability for a client to determine whether a specific address is located within the boundaries of a tax incentive zone and what type of zone credit you may qualify for. Knowing if your business location or your employees reside in a qualified tax incentive zone can mean thousands of dollars in tax savings. neon will uncover many different types of eligible tax incentive zones, such as Federal Empowerment Zone, Enterprise Communities (EZEC), Manufacturing Enhancement Areas (MEA Zones), Targeted Tax Areas (TTA), federal zones (EZ) and communities (EC) and determine your specific incentive.[/learn_more}

Benefit

The geographic definition of the zones and communities vary from state to state and are confusing, overwhelming and could be costly. neon will provide the expertise in identifying, recovering and maximizing your State Tax Credit incentives. Don’t let your opportunity expire; contact neon for your specific state tax incentives.

neonCredits owns and operates proprietary software to record and track existing tax credit recovery opportunities. Data such as employee location, date of hire, age, veteran status and employment industry are used to determine tax credit eligibility. Based on a brief applicant survey, hiring managers can immediately determine whether or not the individual qualifies for tax credit at any point in the pre-hire or hiring process.

This software-as-a-service (SaaS) application is built using the latest XML standards and integrates easily with existing applicant tracking, payroll or HRIS/HRMS systems, producing a streamlined workflow for your staff.

neonCredits Mobile App:

Now available and compatible with the iPhone and Android smartphones or tablet, the neonCredits Mobile App becomes the first Work Opportunity Tax Credit application for managing and improving new hire compliance. This state-of-the-art design provides a secure, convenient workflow device for neonCredits clients.

The free neonCredits Mobile App, available for iPhone and Android users, allows employers to see a request for information and submit data immediately with up-to-the minute accuracy. For example, The neonCredits Mobile App saves time by providing supplemental hiring records, i.e. proof of age and residency for a new hire in consideration for a tax credit. These documents are requested by state agencies, requiring neon to request the information be submitted to neon’s Tax Credit Processing Center within a 28-day time frame.

neonCredits Reporting:

neonCredits has industry leading Ad hoc reporting and a 24/7 Client Portal.

neonCredits created a program that is deadline focused, ever changing and expansive into a seamless part of your HR process. We drive bottom line growth by identifying tax credit opportunities you may not even be aware of.

Our process involves researching each piece of legislation to understand the qualifications for each tax credit opportunity in-depth. This information is then recorded in our innovative software application so each candidate or new hire can be matched against the latest eligibility requirements.

When you turn to neonCredits to recover and maximize your capital, we go through an in-depth process to ensure you receive every credit you deserve. This means:

  • We work with you to develop a process that is manageable and dictated by your current processes and staff to maximize efficiency and participation by hiring managers.
  • We train hiring managers at each location to ensure everyone understands the value of the program and how to carry-out the 2-3 minute process.
  • We send reports to corporate management on credits available with a status on paperwork and information received from your locations so you know if you are about to miss an opportunity.
  • We send completed forms to you for new hire signature and subsequently audit the paperwork and submit it for certification on your behalf.
  • We track the information through the certification process and once the employee is certified, we provide the necessary reports and instructions on where to apply the credit.

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