We specialize in matching businesses with the applicable incentives programs available to them. Many day-to-day activities qualify a business for a tax credits or funding incentives. Propel will closely examine your business to identify where your savings may be generated. Propel will then work with you, and your team, on developing plans and processes that fit your business and maximize the benefits.

Employment Training Panel (ETP) Grants

The ETP provides grant monies to supplement a business’s internal training program. Grants can supplement most types of employee training for good-paying, long-term occupations.

The Work Opportunity Tax Credit (WOTC)

The Federal Government has implemented tax credit incentives encouraging businesses to hire individuals who meet specific qualifying criteria.

Cost Segregation Studies

Owners and tenants of real estate can benefit from significant tax savings by reclassifying components of commercial property into shorter depreciable tax lives.

What are ETP Grants?

The ETP is a statewide business-labor training and economic development program. The ETP provides funding to employers to assist in upgrading the skills of their workers through training. Established in 1982, the ETP is the state’s premier program supporting job creation and retention, through training. The ETP has served over 80,000 California companies and issued over $1.2 billion in training funds. The ETP Program is performance-based. Businesses determine their own training needs, develop action plans, and are involved in all aspects of the training.

How Can Propel Consulting Group Help With ETP Grants?

Develop grant proposal: Propel will identify the appropriate funding structure for your training program and will assist with the development, write-up, and review of your grant proposal. Propel will guide you through this process and prepare a grant proposal that satisfies the states requirements while maximizing the funding for your training program.

Implement tracking process: Once funding is approved for your training program, Propel will work with the appropriate client personnel to assist them in implementing the most efficient training tracking system possible. Our goal is to gain buy-in from the responsible parties, ensure detailed tracking for audit purposes, while building a process that will cause minimal interruption to your ongoing operations.

Administer the program: As training begins Propel will handle all state reporting requirements. Training will need to be reported to the State via its data management system. All modifications to the program will need to be requested, and agreed upon, through the data management system. Propel will be responsible for all data entry requirements, all payment initiations, and any changes to the originally agreed upon training program.

Work Opportunity Tax Credits (WOTC)

Propel Consulting Group will handle all of your end-to-end needs. The WOTC is a federal tax credit of up to $9,600 per qualified providing incentives to employers for hiring groups facing high rates of unemployment, such as veterans, youths and others. Our WOTC services include;

  • Creating the new hire WOTC forms, which can conveniently be included into your existing onboarding packet.
  • Completing the initial qualification review for all WOTC forms submitted.
  • Submitting required documentation to obtain WOTC certification from the State Workforce Agency.
  • Preparing a detailed tax credit schedule to be utilized by your accountants.

Cost Segregation Studies

Cost Segregation studies reclassify personal property assets to accelerate the depreciation of a buildings property construction costs. This process defers a property owner’s income tax obligations by identifying all construction-related costs that can be depreciated over a shorter tax life (typically 5, 7 and 15 years) than the building (39 years for non-residential real property). Our Cost Segregation services include;

  • A preliminary analysis detailing the benefit of a cost segregation study and applicable fee range.
  • Conducting a detailed review of client documents to reclassify assets into the appropriate lives.
  • A thorough on-site inspection of the property.
  • Providing a reclassification report detailing the accelerated depreciation for your accountants .
  • Propel will also provide a detailed project report for reference and audit purposes.

Discover How Propel Consulting Group Can Help Grow Your Business

Through ETP Grants, Work Opportunity Tax Credits & Cost Segregation Studies

Let’s Get Started!