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Management Buzz 05/03

Taking advantage of child-care credits; show your gratitude and keep your employees

By Joanne Cleaver

Opinions expressed by Entrepreneur contributors are their own.

Extra Credit
Not many companies cash in on the state income tax child-carecredits offered by 25 states, partly because many corporationsdon't have to pay state income taxes. But it's also likelythat companies just don't know about the credits, saysChristina Smith Fitzpatrick, senior policy analyst with theNational Women'sLaw Center (NWLC) in Washington, DC.

Specifics vary by state but typically credit is given for thecost of offering even low-cost benefits like child-care referralservices and help with last-minute child-care in case of emergency,travel or sickness. Most states save the most generous credits forcompanies that build and run their own on-site child-carecenters.

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