If your business wants to make money rather than spend money, consider a dependent care investment.

When you add the savings from reduced turnover and absentee rates, decreased recruiting costs, and the profit of increased productivity, it's clearly time to THINK AGAIN…if you think dependent care is just another employee benefit.

THINK ABOUT…

• How many workdays do you think are lost by employees caring for their children or elderly dependents? How much do those days cost you?
• What is your company's turnover rate? Who is leaving? Are they leaving because of child or elder care problems?
• Are you seeing patterns - productivity down or accident rates increasing as employees are distracted by concern for their children?
• Have your recruiting costs continued to increase as you seek employees in an increasingly competitive environment? Are your competitors offering dependent care benefits?

$$$ ABSENTEEISM COSTS

Absent employees reduce productivity and increase overtime expense. Where are they? Taking an elderly parent to an appointment, caring for a mildly ill child, staying home with children out of school for a teacher workday or school holiday.

$$$ TURNOVER COSTS

Replacing employees is a costly proposition. All too often, however, employees leave jobs because they are unable to find safe, affordable care for their children or elderly dependents.

$$$ RECRUITING COSTS

Hiring quality employees, particularly in today's economy, is not easy. The competition requires expensive advertising and expanded personnel services. Employers with dependent care benefits have a recruiting edge over their competitors.

$$$ DEPENDENT CARE INVESTMENTS PAY

Companies providing dependent care benefits to their employees experience reduced turnover, absenteeism and recruiting costs. Plus they enjoy the increased productivity of a stable, experienced workforce.

Section 57-73-23 of the Mississippi State Code

• Establishes a corporate income tax credit for dependent care investments
• Sets the credit at 50% of the allowable dependent care expenditures
• Recognizes as qualifying dependents children under 13, youths 13-17, disabled adults, and elderly
• Requires services to children under the age of 13 to comply with applicable laws and regulations governing the operation of child care facilities
• Allows the credit to be expanded over a four-year period up to the limit of tax liability for each of the years
• Applies to a wide variety of investment options in addition to on-site or near site care
• Makes the credit available to small businesses as well as large corporations
• Includes investments in the quality, availability, or affordability of dependent care services used by employee dependents during working hours
• Requires approval of state tax commission

One employee or 1000, Mississippi's DEPENDENT CARE TAX CREDIT makes it possible for your company to benefit from a dependent care investment.