Incentify for SMBs

Discover all available credit and incentive opportunities for your small or medium-sized business. Apply for and secure all available credits and connect with top advisors with Incentify’s streamlined process for SMBs.

Tax credits and incentives

Small businesses are in a unique position to qualify for numerous tax credits and incentives. From zone programs to federal credits, now is the time to take advantage of these government incentives.

The legislation around C&I is constantly changing, and small businesses often overlook programs due to uncertainty surrounding eligibility or lack of expertise and connections. We’re bridging the gap between industry leading advisors and small business owners.

 

Partnership program

Incentify provides small business owners with access to our extensive database of credits and elite network of advisors.

 

Our Process:

Load all economic data & company’s locations into Incentify

Incentify processes the data to generate an opportunity portfolio for the small business

Incentify provides concierge services to each business owner and easy to use tools to gather information

Incentify advisor partners assess eligibility, determine benefit amount, and secure credits

Incentify monitors all ongoing C&I opportunities

Example Credits

Employee Retention Credit

The Employee Retention Credit (ERC) is a special program created in response to the pandemic and subsequent economic shutdown. The ERC was introduced as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to incentivize employers to keep employees on the payroll during the pandemic.

The ERC is a refundable tax credit that businesses can claim on qualified wages paid to employees in 2020 and 2021. In 2020, the tax credit is worth up to $5,000 per employee. In 2021, the credit was amended, and it is worth up to $21,000 per employee. In total, the ERC equals up to $26,000 per qualifying employee. 

Work Opportunity Tax Credit

The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to employers, rewarding them for every new hire who meets eligibility requirements. Employers claimed $4.1 billion in tax credits in 2021 under the WOTC program. 

WOTC was introduced on October 1, 1996, to provide tax incentives for employers who hire individuals from specific target groups. WOTC has been renewed through 12/31/2025.

Disaster Zone Credits

Disaster zone credits are available to employers with eligible employees assigned to work locations within designated disaster zones. An employee is eligible if their primary place of employment on the date of the disaster was located within a disaster zone. 

Recent designated disasters include Hurricanes Harvey, Irma, and Maria.

Frequently Asked Questions

 

  • There is a 20% success fee related to any incentives that Incentify identifies on your behalf. The success fee covers the maximization of all federal and state programs that are available to you. In addition, the success fee covers any future audit defense related to these programs. Please note that this program is purely success based. If Incentify does not find any cash for you, there is absolutely no charge.

  • Incentify’s powerful database takes into account your location, headcount, and financial information to find all available programs like the Employee Retention Credit, R&D Credit, Work Opportunity Tax Credit, and many more.

  • Incentify only shares your information with your dedicated team of incentive advisors working on the various programs on your behalf. All of your information is encrypted and stored on a secure server.

  • Many programs are only available for a short period of time. The Employee Retention Credit will be available for an indefinite amount of time, so it’s important to take advantage of these pandemic-era programs as soon as possible.

  • No, we work with all sized businesses, from small and medium-sized businesses all the way up to Fortune 500 enterprises. Some of our current clients include Cargill, 3M, Kroger, FAT Brands, Lift Brands, and many more.

  • To be eligible for the Employee Retention Credit, employers must have either:

    • Fully or partially closed operations due to government shutdowns orders that limited commerce, travel, or meetings.

    • Experienced a decline in revenue (gross receipts) during the qualifying period.

  • Yes, employers who received PPP loans can still qualify for the ERC.

  • While it is true that a gross receipts test is one way to qualify for ERC, even if you were up in revenue in 2021 you might still qualify for ERC. The best way to know is to work with Incentify.

  • Yes, we will clarify what periods the credit was received as there may be an opportunity to capture outstanding periods. The Incentify program looks at all incentive programs available now and into the future, not just ERC.

  • Incentify, in partnership with our incentive advisors, uses documents like tax returns to determine eligibility and apply for tax credits and incentives.

  • The ERC is structured as an offset to your quarterly payroll tax. Therefore eligibility for the program is determined on a quarterly basis.

 

Incentify for SMBs

Submit your information to learn more about Incentify’s solution for small and medium-sized businesses. Find all available incentives and connect with industry-leading advisors.