Unemployment Insurance Rebates – Receive up to 50% reduction on your unemployment insurance bill for the first four years.
3.5% Sales Tax – Businesses can cut in half the NJ State Sales Tax of 7%. This means that your customers pay only 3.5%. Employee Tax Credits – Hire new employees and your company may receive a direct tax credit between $500 and $1,500.00. Sales and Use Tax Exemption – Business owners pay no sales tax on most purchases related to running their businesses. Whether you buy office equipment or supplies, furniture, fixtures, construction materials or make repairs you pay NO taxes.