Prepare a Credits and Incentives Plan Early
For CPAs, the most important element for a business seeking incentives is timing. Correct timing can deliver tens of thousands of dollars in savings to a client.
The vast majority of incentives are discretionary and often require a “but-for” clause; in other words, were it not for the offered incentives, the company would not invest or would limit its investment in a new growth project. Therefore, CPA firms must communicate with a company before it even draws up a proposal. That way, incentive opportunities can be thoroughly vetted and analyzed, and the company can be advised to consider the best programs or tax savings tools.
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As a consultant for McGuire Sponsel’s Credits and Incentives practice, Ben Worrell fosters client relationships by guiding clients through the intricate compliance requirements associated with credits and incentives benefits.
Ben builds confidence in the McGuire Sponsel client relationship by working with clients throughout the duration of their project – not just in a one-off transaction.