With an overwhelming number of tax credits out there, it can be hard to pick the ones your business is eligible for out of the crowd. Whose job is it to find these credits - yours or your accountant’s?
If you’ve read our other articles, you may fully expect us to answer that we’ll do the heavy lifting here for you. After all, a major reason to work with a monthly accounting service is to let an accountant take the bookkeeping and tax work off your plate.
However, even the most perfect accountant we can imagine wouldn’t have a complete success rate in obtaining every tax credit you’re eligible for. You should always keep an ear out for business tax credits just in case. After all, a claimed tax credit is a directly-lowered tax liability.
A quality accountant should, however, have a decent understanding of some of their most-claimed tax credits and know your eligibility. They might not have this same awareness when it comes to the specific or rare ones, but they can still check your eligibility for them if you ask! At CSI Accounting & Payroll, we’ve been helping our clients claim tax credits in this manner for over 50 years.
Here, we discuss the top six credits we believe you should ask your accountant to see if you qualify for.