Business Tax Incentives:
Clear Guidance for Business Decision-Makers

As an employer, you make decisions every day that shape your business—who you hire, how you invest, and how you grow. Federal and state tax incentive programs exist to support those decisions, yet many business owners still feel a need for clear guidance about what applies to them and how to evaluate it.

This resource is provided through a Chamber partnership with Romo Incentive Group to help you understand what’s available and which ones deserve your attention. 

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Work Opportunity Tax Credit (WOTC)

Hiring decisions affect both your workforce and your bottom line. The Work Opportunity Tax Credit is a federal hiring incentive that rewards employers for bringing eligible individuals onto their teams. You can earn a federal income tax credit of up to $9,600 per eligible hire, depending on the employee’s qualifying category and hours worked.

WOTC eligibility is determined at the time of hire, which means it works best when it’s understood in advance and built into a company's normal hiring and onboarding processes. When approached correctly, it fits naturally into your existing workflows without creating administrative strain--and most employers are already hiring eligible people.

A guided review will help you decide whether the Work Opportunity Tax Credit belongs in your hiring strategy.

WOTC Tax Credit

Research & Development (R&D) Tax Credits

Many businesses drive innovation without labeling it as research and development. Improving products, refining internal processes, developing software, and solving technical challenges are all activities the R&D tax credit supports.

These credits reward real problem-solving and investment in improvement. In many cases, businesses look back at prior years, identify qualifying work, and recover tax refunds they didn’t realize were available.

A guided review helps you assess whether your activities align with R&D credit rules and whether it’s worth exploring further. 

RnD CREDIT

Cost Segregation for Property Owners

Commercial property represents a significant investment. Cost segregation allows certain components of a building to be depreciated more quickly, reducing current tax liability and unlocking value from prior years.

This approach is especially relevant after a property purchase, new construction, or major renovation. Reviewing it at the right time ensures your tax treatment reflects how the property is actually used.

An educational review gives you clarity on whether cost segregation applies and how it fits into your broader planning.

COST SEG

FICA Tip Credit for Restaurants & Hospitality Employers

If your business employs tipped workers, you already incur employer payroll taxes on those reported tips. The federal FICA Tip Credit offsets some of that cost with an income tax credit tied directly to tipped wages.

For many restaurant and hospitality employers, this credit fits naturally alongside hiring-related programs such as WOTC. Because both rely on information already captured through payroll and onboarding, they can be evaluated together without adding operational complexity.

A guided review helps you see how the FICA Tip Credit fits your operation and how it can be coordinated with other incentive programs you’re already considering.

FICA TIP CREDIT

Not every incentive applies to every business. The value of this resource is clarity—so you can decide, with confidence, which opportunities are worth exploring and which are not.
Use the buttons above to request information, ask questions, or speak with a guide who works with these programs every day.

Information provided is general in nature and not intended as tax or legal advice. Individual circumstances vary.

Not every incentive applies to every business. The value of this resource is clarity—so you can decide, with confidence, which opportunities are worth exploring and which are not. Use the buttons above to request information, ask questions, or speak with a guide who works with these programs every day.

Information provided is general in nature and not intended as tax or legal advice. Individual circumstances vary.

Don't just take our word for it

“Romo Incentives Group helped us achieve tremendous savings claiming both federal and state tax incentives. ROMO identified the eligible programs and performed all work necessary to secure our tax credits. The engagement was completed in a timely manner with minimal assistance from our staff.”

Lisa Limcaco, Controller World of Good Taste, Inc. (La Bou & Lemon Grass)