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February 3, 2016
The Illinois Department of Commerce & Economic Opportunity (DCEO) has a created a program in order to give small business owners an extra boost to grow their business. They offer a payroll tax credit of up to $2,500 per eligible new job created by a small business. If you have 50 or fewer full‐time employees as of July 1, 2012 and you create a new position, you may be eligible for this credit. To be eligible, the position must be:
Additional information about the credit can be found here:
If you think that you may be eligible or if you have additional questions about this program, please feel free to contact us. We can assist you with registering the position with the DCEO and gathering the necessary documentation to claim the credit.