Don’t miss these five opportunities to improve your business & bottom line
Every dollar counts when you’re a small business owner. Luckily, there are several federal tax credits that can help lower your tax bill and give your business a little extra breathing room.
Every minute counts, too. So we’ll get right to it.
1. Work Opportunity Tax Credit (WOTC)
WOTC is a great way to save money simply by hiring people from certain groups. If you hire employees from groups like veterans, ex-felons, those who’ve been unemployed for a long time, and more, you could qualify for a tax credit. The credit ranges from $2,400 to $9,600 per eligible employee, depending on the group they come from.
This means that just by hiring qualified people, you could save a significant amount on your taxes. You can claim this credit for each person you hire who qualifies, so the more people you hire from these groups, the more you could save.
2. Research and Development (R&D) Tax Credit
If your business is involved in creating new products or improving your processes, you might be eligible for the R&D Tax Credit. This credit isn’t just for big companies with labs and inventions—it also applies to small businesses that are working on improvements, like better software or more efficient ways of doing things.
You don’t have to be inventing something entirely new to qualify. If you’re improving what you already have, you could be eligible. This credit can help you offset some of the costs associated with research and innovation.
3. Disabled Access Credit
If you’ve made your workplace more accessible to employees or customers with disabilities, you might qualify for the Disabled Access Credit. This credit helps you cover the cost of things like installing ramps, widening doorways, or adding special equipment. You could get up to $5,000 per year in tax credits for these types of improvements.
This credit not only helps you stay compliant with accessibility laws, but it also makes your business more inclusive and welcoming to everyone. It’s a win-win.
4. Small Business Health Care Tax Credit
If you provide health insurance for your employees, the Small Business Health Care Tax Credit could help you save money. If your business has fewer than 25 full-time employees and you pay at least half of their health insurance premiums, you could get a tax credit of up to 50% of your costs.
This credit helps make health insurance more affordable for small businesses, which can be a huge relief when healthcare costs are rising. Plus, it can help you retain good employees by offering them quality coverage.
5. Credit for Employer-Provided Childcare Facilities
This is a great tax credit for businesses that offer on-site childcare or help employees pay for childcare. The Credit for Employer-Provided Childcare Facilities can give you up to $150,000 to offset the cost of setting up childcare facilities or offering other childcare benefits.
It’s a great way to support employees who are parents and help make their lives a little easier, all while getting a tax break in return.
We make claiming WOTC simple
WOTC is an incredibly valuable credit, but the process of claiming it can be a bit tricky. From determining which employees are eligible to making sure all the necessary paperwork is filed on time, it can be overwhelming—especially for small business owners with limited resources.
That’s where we come in. Our design specialized tools and services to help small businesses like yours navigate the WOTC process with ease, so you can quickly and accurately determine which of your new hires are eligible for the credit, and streamline the application process to make sure you don’t miss out on any savings.
By using Arvo Tech, you can:
- Screen new hires for WOTC eligibility
- Easily track and manage all your WOTC claims
- Ensure compliance with all rules and deadlines
With Arvo Tech handling the paperwork, you can focus on what really matters—growing your business and hiring great employees, while enjoying the tax savings that come with WOTC.
Don’t pay unnecessary taxes in 2025
Keep more money in your pocket in 2025.
If you’ve never taken advantage of WOTC, 2025 is the year to start. Using our suite of tools and expert support, there’s no reason not to begin.
Start screening your new hires for WOTC eligibility, claim those credits, and keep more money in your business. We’ll make the whole process simple and risk-free, so you can focus on what you do best—growing your business.