Tax Incentives Blog

Stephanie Cornejo Banuelos

Stephanie Cornejo Banuelos
Stephanie Banuelos leads CTI’s Credits & Incentives Practice with primary oversight of operations and overall practice development. She is focused on identifying, and maximizing federal, state and local tax credits that drive job creation, job training, capital investment and new business development.
Find me on:

Recent Posts

2018 Hurricane and Wildfire Tax Relief Act: Tax Credits Help Businesses Rebuild

Written by Stephanie Cornejo Banuelos. Updated Mar 9, 2019.

The natural world is full of awe-inspiring wonder. From simple gardens growing in our backyards, to the epic beauty of national parks like Yosemite or the Grand Canyon, Mother Nature stirs up a wide range of emotions and experiences.

Read More

4 Questions To Ask New Hires Before Day Two To Secure Employment Tax Credits

Written by Stephanie Cornejo Banuelos. Updated Feb 8, 2019.

Timing is everything. A universal truth that can be applied to almost every moment in life where a decision or action can change the course of things to come. The swing of a baseball bat, the delivery of a comedian’s punchline, leaving work five minutes late, or gathering enough courage to strike up a conversation before the next train stop…all moments that can make a difference.

Now, while the potential ramifications to one’s destiny may not be quite as profound, timing is also very important when it comes to your business capitalizing on employment incentives.

Read More

‘WHO WHO’ are my WOTC qualified workers?

Written by Stephanie Cornejo Banuelos. Updated Jan 26, 2019.

For those of us that provide Work Opportunity Tax Credit (WOTC) services to business owners, it is easy to assume that most business owners are bird lovers. The perception that they are ornithology enthusiasts comes from frequently hearing many of them attempt their best Barred Owl imitation.

Read More

Employment Incentives: The Gravy To Your Turkey This Season

Written by Stephanie Cornejo Banuelos. Updated Nov 13, 2018.

Thanksgiving will soon be here, a time for family and friends to gather around the dining room table and show appreciation for each other while celebrating with a bountiful turkey dinner and all the trimmings. And with this tradition, there is a phrase that many will hear drifting across the table…"Please pass the gravy.” As if the turkey, mashed potatoes, and stuffing aren’t enough for a succulent feast, here comes the gravy, a delicious, mouth-watering reward resulting from hours of toil preparing the feast.

Read More

State Incentive Spotlight: Georgia Investment Tax Credit

Written by Stephanie Cornejo Banuelos. Updated Oct 13, 2018.

The Georgia Investment tax credit is designed to service two specific industries; Manufacturing and Telecommunications.  The intent is to help these industries grow by making it more affordable to expand and improve facilities. Investment tax credits can be used to offset up to 50 percent of a company’s Georgia corporate income tax liability. If the earned credit exceeds that limit, then the unused credit can be carried forward up to 10 years and applied to future years’ tax liability. Taxpayers generally claim one of the three Georgia credits for the same project and/or jobs. The credits available are (1) the Investment Tax Credit, (2) the Job Tax Credit, and (3) the Quality Job Tax Credit.

Read More

Making A Move To CTI – WOTC Success Story

Written by Stephanie Cornejo Banuelos. Updated Sep 11, 2018.

Client Profile:

Industry: 

Mobile Auto Repair

Previous WOTC provider: 

National Payroll Company

Number of Annual Hires: 

2,800



Current WOTC Performance:

  • 97% Screening Compliance
  • $34,000 Annual WOTC
  • 12% Qualification Rate
  • $12 Average Credit per Hire
Read More

WOTC Keeps the Home Healthcare Industry Thriving!

Written by Stephanie Cornejo Banuelos. Updated Aug 6, 2018.

The home health care industry is booming and according to the Bureau of Labor Statistics, approximately 1.3 million additional jobs within the home healthcare field will be added through 2020. In fact, they report that those working in home healthcare positions will see a 69 percent growth through 2020.  One reason why the home healthcare industry is seeing such accelerated growth is the increase in demand of home healthcare services and facilities. As millions of people reaching an age where they will need some sort of home healthcare. Thus, increasing the expanse of the industry.

Read More

4 Reasons Why Employment-Based Tax Credits Are A Win for Your Staffing Company

Written by Stephanie Cornejo Banuelos. Updated Jun 13, 2018.

With the cost of doing business consistently on the rise and as it becomes more difficult to find/retain great employees, companies are turning to staffing agencies to assist them with their employment needs.  This is great for staffing agencies and there is no better time to pursue employment-based tax credits than now.  There are both federal and state employment-based credits available that can help businesses offset income tax liability.  Some of these programs are based on the creation of net new jobs while others are offered to employers for employing individuals from specific target groups.  The most popular of these programs is the Federal Work Opportunity Tax Credit (WOTC).

Read More

How To Secure Employment Tax Credits On Employee's First Day

Written by Stephanie Cornejo Banuelos. Updated Aug 24, 2017.

One of the most valuable tax credit programs overlooked by businesses is employment tax credits. Many companies believe they would not benefit from this tax savings strategy due to the background of employees they hire or the complexity of employment incentive programs.

Read More

Success Story: Using A Tax Expert For The WOTC Screening Process

Written by Stephanie Cornejo Banuelos. Updated Aug 15, 2017.

**This case study is an amalgamation of CTI client success stories – based on real-life outcomes – to showcase a balanced, conservative perspective in the interest of not inflating numbers or empty promises. 

Read More

Email Updates