Inc. magazine ranked TaxBreak No. 434 on its 26th annual Inc. 500 list of the fastest-growing private companies in the U.S.
Birmingham, Al (PRWEB) September 22, 2007 -- Inc. magazine ranked TaxBreak No. 434 on its 26th annual Inc. 500 list of the fastest-growing private companies in the U.S.
"If you want to find out which companies are going to change the world, look at the Inc. 500," said Inc. Editor, Jane Berentson. "These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition."
TaxBreak assists businesses in Capital Recovery by processing government tax credits for hiring people with barriers to employment, such as food stamp recipients, ex-felons and residents of designated renewal communities. TaxBreak additionally offers Cost Segregation, Telecommunication Audits and Applicant Tracking. TaxBreak was founded in 1999 in Gadsden, Alabama, for more information about TaxBreak, see http://www.taxbreakllc.com
Revenue for TaxBreak received a lift in early 2006 when the tax credit processing center increased it's in-house sales team and established a call center. Previously, the company relied more heavily on CPAs, payroll companies and human resource professionals to pitch the tax credits to clients.
The 2007 Inc. 500, as revealed in the September issue of Inc. magazine (on newsstands August 28 - October 2), reported aggregate revenue of $16 billion and median three-year growth of 939 percent. Most important, the 2007 Inc. 500 companies were engines of job growth, having created more than 64,064 jobs since those companies were founded.
Complete information on this year's Inc. 500, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at http://www.inc.com/inc5000
Methodology
The 2007 Inc. 500 list measures revenue growth from 2003 through 2006. To qualify, companies had to be U.S. (based and privately held, independent -- not subsidiaries or divisions of other companies) as of December 31, 2006 and have had at least $200,000 in revenue in 2003, and $2 million in 2006.
About Inc. magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC., Inc. magazine (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 681,421, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology.
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