In Accounting Today, “Compliance reporting helps firms realize benefits from credits and incentives,” Ben Worrell explains why compliance reporting is critical and what companies must do to file the report.
Ben Worrell is featured in AccountingWEB discussing key triggers that CPAs must ask themselves on how they can help clients maximize their growth and incentives. Correct timing can deliver tens of thousands of dollars in savings to a client.
In Inside INdiana Business, Jacob discusses what Government officials should do while facing fiscal challenges for years to come.
In Accounting Today, Ben Worrell highlights how economic credits and incentives may be available when a business acquires another company and its employees. With creative strategizing, an acquisition can help access tax incentives.
McGuire Sponsel’s Credits and Incentives team is proud to assist Nice-Pak in incentives applications, compliance, and site selection.
Steve Brunson, Principal in our Credits and Incentives practice, explains the opportunities private equity portfolios can unlock through credits and incentives.
GadellNet has continued to quickly grow in the state of Missouri and Indiana. On pace to outperform their initially projected growth, GadellNet looked to McGuire Sponsel to assist in their expansion.
Premium Rock looked to McGuire Sponsel to assist in their expansion as demand for their product, high quality stone panels used in RV, hospitality, and real estate, grew rapidly.
In response to COVID-19 pandemic shortages, Sanctuary Systems used its non-woven fabric technologies to pivot towards increased production of personal protective equipment.
Jacob Everett of our Credits and Incentives practice outlines the potential direction of the post-COVID economy and the most important challenges our new elected leaders will face.
Compliance reporting helps firms realize benefits from credits and incentives
A lot depends on what follows. U.S. companies do not claim 50 percent of all economic incentives offered due to noncompliance or lack of compliance reporting. Clients can leave many thousands of dollars on the table by not understanding how economic credits and incentives work and therefore not submitting the appropriate documentation to realize those benefits.
Compliance reporting and documentation are not nearly as exciting as the press release, jobs announcement or mayor’s visit. However, this critical piece of the economic incentives process is how companies ultimately receive the financial benefit they worked so hard to achieve in the first place.
Read more here.