MK Tax & Accounting

Tax Services

Business Tax Credits

Federal and state tax credits can cut your bill dollar for dollar - most small businesses only claim a fraction of what they're eligible for.

There's real money sitting in credits most businesses never claim.

Unlike deductions, tax credits cut your bill dollar-for-dollar. Credits tied to payroll, hiring, capital expenditures, and R&D go unclaimed more often than you'd think. When we prepare your return, we check for the ones you qualify for.

Every credit you qualify for gets identified and claimed - we don't leave it to chance.

Key Things to Know

  • Dollar-for-dollar impact
  • Worth checking every single year
  • Records that hold up if questioned

Ready when you are

Operational Milestones

1

Audit & discovery

A comprehensive review of payroll, hiring, capital expenditures and R&D activities to surface every qualifying credit.

2

Quantification

Each credit gets calculated precisely, backed by the kind of documentation an examiner would actually want to see.

3

Filing & monitoring

Credits get built into your return, and we keep tracking new legislation so nothing changes without you knowing.

Included Services & Outcomes

Employee Retention Credit (ERC) analysis & filing
Work Opportunity Tax Credit (WOTC) qualification
Research & Development (R&D) credit studies
Disabled Access Credit assessment (up to $5,000)
Energy-efficient commercial property credits
State-level incentive & grant identification
Credit-vs-deduction strategy analysis
Credits worth dollar-for-dollar reductions, not pennies

Could Your Business Be Missing Out?

The average small business misses more than $50,000 in available tax credits across a three-year period — ERC, R&D, WOTC and energy incentives that generic software never surfaces.

Questions

Business Tax Credits FAQ

How is a tax credit different from a tax deduction?

A deduction lowers your taxable income, so its value depends on your tax bracket. A credit is more direct - it reduces the tax you owe dollar for dollar.

Did I miss my chance to claim credits from past years?

Not necessarily - an amended return can still capture credits from the prior three tax years.

How do I know if my business qualifies for the R&D credit?

Probably more likely than you'd guess. Building new products, refining a process, writing software, or testing new materials or formulas can all count toward it.

Does claiming these credits raise my chances of an audit?

It shouldn't - as long as each credit is backed by solid, audit-ready documentation, which is how we handle every filing.

Let's see what credits your business qualifies for

Set up a free consultation and we'll walk through your numbers, quote a flat fee upfront, and point out exactly where you're leaving money on the table.

+1 (754) 779-2208