Tax Incentives for investing in Cypriot Innovative Businesses

Innovative Tax Relief

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Innovative Tax Relief

Innovative is one of the more flexible back tax assistance firms to work with, offering a free consultation, flexible monthly payment plans and, also, a 15-day money back guarantee. If, at any time during the 15-day tax investigation phase, you change your mind about working with Innovative, the company will refund your money. The team features a variety of types of tax experts and has a combined 25 years of experience in tax relief. The company is licensed by the IRS to help U.S. taxpayers in all 50 states, as well as those living abroad.

Combined 25+ Years of Experience Negotiating with the IRS

With a fresh, flexible approach to back tax assistance and a strong emphasis on customer service, Innovative Tax Relief is worth considering if you are in trouble with the IRS or state tax agency. It is hard to find a back tax assistance company with 5-star ratings nearly across the board. ITR has earned five stars on the BBB website with 0 complaints filed. Business Loans are those loans that are for commercial use and any property and/or proceeds from the proposed request will be used by the requestor for commercial purpose only and not for any personal, family or household purposes. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. The company has secured funding from thePRE-SEED, SEED, or INNOVATEInnovation Programs or other innovation programs of the Research and Innovation Foundation.

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  • If you are a newly founded startup without any financial history, then you will need tosubmit a business planas perAnnex 3.
  • For each innovative enterprise, a relevant certificate will be issued, which will have aduration of 3 years.

The plan should describe the ability to developnew or clearly improved products,servicesor processeswithhigh technological or industrial risk, which are characterised asinnovative in their sector. Below we provide a summary of the evaluation process depending on whether your company has anexisting financial history,no financial historyor is eligible for a certificatewithout an evaluation. R&D tax credits allow firms to claim their spending on R&D against their corporation tax bill, or if they don’t have any corporation tax to pay they can claim a cash credit. This is particularly useful for growing, innovative firms that are investing in research before they are making a profit. Innovative is certified by the Better Business Bureau with an A+ rating.

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This complexity makes it difficult for firms to effectively budget their R&D investments. Innovative can negotiate with the IRS on your behalf to reduce your overall back taxes through an offer-in-compromise or partial pay installment agreement. You can save thousands of dollars – and there’s no risk if you decide not to proceed within the first 15 days, when ITR’s tax specialists are investigating your tax situation. Whether you are facing an IRS audit or need help to resolve back taxes you owe the state, Innovative can help. Services include offers-in-compromise, partial pay installment agreements, tax filings, and help having levies, liens, and wage garnishments lifted. Referrals to services that help consumers with tax resolution, tax preparation, tax audit help and other tax issues.

  • You can have your passport revoked, bank accounts garnished, and property seized.
  • It aims to promote the development of entrepreneurial ventures in Cyprus through the support of local investors.
  • If, at any time during the 15-day tax investigation phase, you change your mind about working with Innovative, the company will refund your money.
  • For more information or press inquiries about tax topics, don’t hesitate to contact us at
  • ITR’s tax experts act quickly upon your approval to halt IRS collections actions, stop tax liens, levies, and wage garnishments, and negotiate a plan for tax resolution that can save you thousands of dollars and untold stress.
  • This certificate must beconsistent with the company’s audited financial statements.

Solvable is a for-profit company that helps customers resolve their tax problems, but a free service for consumers. Partners cannot pay us to guarantee Innovative Tax Relief favorable editorial reviews or ratings. We do not publish favorable editorial reviews or assessments at the direction of an advertiser or partner.

Certified by the – American Society of Tax Problem Solvers

Out-of-date mechanisms, poorly supported capital expenditure and a lack of transparency are hampering the effectiveness of the schemes in a global environment that is increasingly competitive in attracting business investment. A relative newcomer to the world of back tax assistance, in business since 2016, Innovative’s tax specialist boast a combined 25+ years of experience. Innovative Tax Relief has been in business since 2016, and its tax experts have a combined 25+ years of experience in tax preparation, IRS audits, and back tax assistance for consumers and businesses. If you decide to move forward and permit Innovative Tax Relief to help you resolve your back taxes, the company offers flexible payment plans. You can take advantage of 0%, fee-free financing where you pay-as-you-go on a month-to-month basis.

The current regime risks our neighbours attracting business investments in long-term capital assets while we lose out on the benefits. The IRS or state tax agencies won’t begin negotiating with taxpayers until all tax filings are up-to-date. ITR employs a qualified team of tax professionals who can help bring your tax filings current. When the tax specialists review your allowable deductions, you may even find you owe less than you imagined.

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