Compliance Management Services
Securing a great incentive deal is just the beginning—maximizing value from incentive projects requires ongoing compliance. State and local incentives almost always come with reporting and compliance requirements, which are essential to receiving the full benefit of an incentive deal. Yet every year, millions of dollars in incentives go unclaimed due to non-compliance. To ensure your clients receive the full benefit of their incentives and avoid costly penalties, proactive management is essential.
McGuire Sponsel’s incentive compliance management team partners with you to navigate complex reporting requirements, ensuring deadlines are met and compliance is maintained—so your clients can focus on growing their business while maximizing every dollar earned.
Our Process
We manage the compliance reporting process to alleviate the burden on internal teams. Our process begins with a thorough review of the specific reporting requirements for each incentive program, ensuring that deadlines are met and that all necessary documents are submitted on time. Our team works closely with your client’s HR and accounting departments to collect and verify data, ensuring accuracy and alignment with program guidelines. We also coordinate with local economic development agencies and state tax departments to ensure timely and accurate reporting of progress.
We handle everything from filing reports and creating custom templates to monitoring and tracking program milestones. Our goal is to streamline compliance management, so your team can focus on running their business without worrying about paperwork or missed deadlines. We also ensure continuous communication between all stakeholders, so everyone stays aligned throughout the entire process.