A mid-size technology company specializing in building systems engineering sought to reduce its expenses and maximize its return on investment at its Kansas location. Technology and market demands required the company’s employees to undergo frequent and costly training.
CBIZ analyzed the company’s operations and employee training costs and determined it was a good fit for the annual Kansas training tax credit. The company’s training expenses were significant enough to qualify for the maximum tax credit amount, which it could use to offset its corporate income tax liability.
Our Tax Incentives Team documented the expenses, completed the paperwork and facilitated the tax credit. We also implemented a system to track training costs and simplify the tax credit application for future years.
The technology company received a $50,000 tax credit from Kansas that reduced its tax bill and achieved the company’s goal to improve ROI for its Kansas location. In addition, the training cost tracking system allowed the company to more efficiently apply for and facilitate the tax credit for years to come.
Assistance for Kansas Companies
Discover how our start-to-finish approach helps you maximize your state tax credits and incentives.
Download our case study
Copyright © 2017, CBIZ, Inc. All rights reserved. Contents of this publication may not be reproduced without the express written consent of CBIZ. This publication is distributed with the understanding that CBIZ is not rendering legal, accounting or other professional advice. The reader is advised to contact a tax professional prior to taking any action based upon this information. CBIZ assumes no liability whatsoever in connection with the use of this information and assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.
CBIZ MHM is the brand name for CBIZ MHM, LLC, a national professional services company providing tax, financial advisory and consulting services to individuals, tax-exempt organizations and a wide range of publicly-traded and privately-held companies. CBIZ MHM, LLC is a fully owned subsidiary of CBIZ, Inc. (NYSE: CBZ).