Illinois Small Business Tax Credit

 Eligible Small Businesses

• Eligible if, as of June 30, 2010, you employed 50 or fewer full-time employees (counting all locations).

Eligible Jobs

• Created between 7/1/10 - 6/30/11.
• Position pays no less than $10/hour or equivalent with minimum $18,200 annually.
• Position sustained for at least one year (not necessarily held by the same individual for the year).
• Hourly or full-time, but not partners or independent contractors.

Tax Credits

• Certificate after one year
•  $2,500 per eligible job
•  Credit against IL withholding liability

Let the 'Tax Credit Experts' at Sharp Payroll walk you through how to take advantage of these valuable credits. Call Brad or Joe at (309) 686-1040.