Tax credits are deeply misunderstood. Most tax credits are built into the State of Wisconsin and Federal Government Income tax codes. A good CPA will ensure you receive these benefits and incentives for certain behaviors.
Common Tax Credit Programs
Economic Development Tax Credit
The State of Wisconsin does a discretionary Tax Credit where Wisconsin income tax liability can be eliminated or reduced for hiring employees. Companies must apply for this credit. If your company is hiring fifteen (15) or more employees in the next two years, we strongly urge you to contact the SCEDC to take advantage of this opportunity to save money.