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Greater Florence Chamber of Commerce

Time to Act is Now

These incentives will expire!

Receive a complimentary analysis to determine the amount of tax credits your business may be eligible to receive. Simply fill out the form below.

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    Disaster Relief Incentives for

    Greater Florence Chamber of Commerce

    Did your business lose revenue, products, or experienced inadequate shift coverage because of natural disasters in 2018, 2019, and/or 2020?

    Then you may be eligible to earn up to $2,400 for each employee retained!

    The Disaster ERC was introduced to encourage employers impacted by qualified disasters to retain employees while their businesses returned to normal operations.

    Synergi evaluates tax credit eligibility for organizations conducting business in Federally designated disaster areas. Synergi has developed an “Operational Impact Analysis”.

    How does Synergi determine if my business qualifies for a retention credit? Synergi reviews different areas of the business that affected your operations. These areas include:

    Operational Impact
    Physical Impact
    Productivity Benchmarks
    Financial Impact

    South Carolina State Credits

    Greater Florence Chamber of Commerce

    Overview of the South Carolina Job Tax Credit

    The Job Tax Credit (JTC) is a statutory incentive offered to companies, both existing and new, that create new jobs in the state. This credit is extremely beneficial for companies, because it is a credit against corporate income taxes, which can eliminate up to 50% of a company’s liability.

    See if your business qualifies for state credits!

    Please fill out the form below and we will get back with you shortly.

      Eligibility

      • A business must be engaged in manufacturing, processing, tourism, warehousing, banking, distribution or research and development. (Retail facilities and service related industries qualify in Tier IV County¹)
      • Credit amount is $1,500 – $8,000 per year for a five year period for each new, full time job created, depending on county designation
      • Full time job is minimum of 35 hrs/week; two half-time jobs (20hrs/week or more) can be combined to equal one full time job for credit eligibility
      • No minimum wage requirement for all businesses

      Opportunity

      For 2011 and years thereafter, the “basic” job tax credit amounts under the traditional annual job tax credit are as follows:

      • Tier I County: $1,500
      • Tier II County: $2,750
      • Tier III County: $4,250
      • Tier IV County: $8,000

      Monthly average increase for tax year requirement is 10* new jobs in all counties. Credit can be used against 50% of tax liability or carried forward 15 years.

      Exceptions: 20 for new hotels and 25-175 for qualifying service related facilities

      Greater Florence Chamber of Commerce

      Federal Hiring Incentives

      Work Opportunity Tax Credit (WOTC)

      The Work Opportunity Tax Credit (WOTC) is a federal hiring incentive program that allows your business to receive up to $9,600 in tax credits per each eligible new hire.

      The partnership between The Greater Florence Chamber of Commerce and Synergi positions you for success, growth and profitability. We recognize your need for great talent and industry leading tax credit consulting and technology. We look forward to having you as part of our family. Please follow the instructions below to get started.

      The Work Opportunity Tax Credit is a federal hiring incentive that provides a tax credit worth up to $9,600 if your company is hiring from any one of the following groups:

      • A member of a family that is a Qualified Food Stamp Recipient
      • A member of a family that is a Qualified Aid to Families with Dependent Children (AFDC) Recipient
      • Qualified Veterans
      • Qualified Ex-Felons, Pardoned, Paroled or Work Release Individuals
      • Vocational Rehabilitation Referrals
      • Qualified Summer Youths
      • Qualified Supplemental Security Income (SSI) Recipients
      • Qualified Individuals living within an Empowerment Zone or Rural Renewal Community
      • Long Term Family Assistance Recipient (TANF) – formerly known as Welfare to Work
      business partners' hands in teamwork gesture

      Tax credits off-set tax liability dollar for dollar. Some companies use credits in their tax planning to off-set quarterly estimated payments. Some companies use credits at the end of their tax year against annual tax liability. In the event of no tax liability, tax credits can be carried forward for up to twenty years. Consult with your tax professional for how to best use these incentives.

      business partners' hands in teamwork gesture

      The life of a tax credit can be a year or more. The process begins with screening your new hires and ends with delivery of a certified and calculated tax credit. We manage this for you.

      Synergi is dedicating to providing a superior customer experience through screening, eligibility, forms compliance, certifications, and reporting.

      business partners' hands in teamwork gesture

      WOTC Contact Form

      Built right into the platform, we screen eligibility and sign forms as you process hires.

        How To Get Started?

        Register Yourself

        Fill out the form and submit your contact information.

        Contact

        A Synergi Rep will contact you to discuss the next steps.

        Close

        Synergi will notify that you are ready to go. Sit back and start earning credits.

        Register Lead

        Why Synergi Partners

        We focus solely on tax credit and disaster relief and capture the maximum credits for our clients.

        Learn More About Synergi Partners
        Questions? Contact Elaine Reynolds (843) 610-3224 or

        Questions?

        Contact Elaine Reynolds (843) 610-3224 or