First Advantage's comprehensive location identification process helps ensure that your company isn't missing out on lucrative tax credits.
Many state and federal agencies designate certain geographic areas as enterprise zones, empowerment zones or renewal communities. The most common and potentially most lucrative tax credit is based on the number of qualifying employees at a qualifying location. Examples include:
- Federal Empowerment Zone – up to $3,000 per qualified
employee, per year
- California Enterprise Zone – $37,000 or more per qualified
employee over a five year period
- Arizona Enterprise Zone – maximum of $3,000 per qualified
employee over a three year period
First Advantage automates the complex mapping process that identifies eligible locations and employees, calculates credits earned and oversees the management of ongoing compliance.