You Provided the Opportunity…
You Deserve the Credit!
Client Presentation
Agenda
Company Overview
History of Tax Credits
Tax Credit Challenges
The Process
Summary of Benefits
Q & A
...
Company Overview
 Established in 1998
 Led by a team of tax attorneys , CPAs and technology experts
 Servicing more...
Our Clients
What is an Employment Tax Credit?
A Dollar-for-Dollar Reduction
in Your Company’s
Income Tax Liab...
Employment Tax Credit History
 First implemented by the Federal government during the Reagan
Administration
 Design...
Why Aren’t These Credits Being Used Today?
 Because credits are a narrow part of tax laws and there are so
m...
Credit Process
“Maximizing Tax Credits While Minimizing the Client’s Effort”
...
The Tax Credit Experts
We are the tax credit experts…it’s all we do!
 We are a complete service provider - extensiv...
Closing
Q&A
of 10

National Tax Credit -

Published on: Mar 3, 2016
Published in: Business      
Source: www.slideshare.net


Transcripts - National Tax Credit -

  • 1. You Provided the Opportunity… You Deserve the Credit! Client Presentation
  • 2. Agenda Company Overview History of Tax Credits Tax Credit Challenges The Process Summary of Benefits Q & A Next Steps
  • 3. Company Overview  Established in 1998  Led by a team of tax attorneys , CPAs and technology experts  Servicing more than 75,000 customer locations nationwide  Currently operating in 46 states  Services companies of all size  Focused only on tax credits and government business incentives  Driven by proprietary software
  • 4. Our Clients
  • 5. What is an Employment Tax Credit? A Dollar-for-Dollar Reduction in Your Company’s Income Tax Liability
  • 6. Employment Tax Credit History  First implemented by the Federal government during the Reagan Administration  Designed to encourage businesses to provide opportunities to disadvantaged work groups  Generally based on employee demographics and/or geographic location of the company and/or employee  Hundreds of federal and state credits worth billions of dollars go unclaimed every year by U.S. businesses  Value of the credits vary depending on the type of credit, but you can earn up to $9,000 per eligible employee
  • 7. Why Aren’t These Credits Being Used Today?  Because credits are a narrow part of tax laws and there are so many available, the majority of businesses and CPAs are unable to stay current with these opportunities  The tracking and recovery process is too complex to administer in- house because of timelines, forms and guidelines  Most businesses and CPAs are not operationally equipped to track and administer the credits  Manually processing employment tax credits is financially unfeasible  Process is too cumbersome if it is not being driven technologically
  • 8. Credit Process “Maximizing Tax Credits While Minimizing the Client’s Effort” Data Obtain Track Define Screen Forms Gathering Necessary Legislation / Best Practice for (point of hire Back-up or Regulations Model location information) Eligibility Proof (ID, etc.) Submit Respond To Track Payroll Track Wage / Forms Additional Responses / Received Hour Timely to Information Certifications (various options) Information Agency Requests Calculate Provide Credit Apply Maintain Respond to Credit, Report & Credit to History & Agency Summarize Certification Appropriate Reporting Status Inquiries & Report To Preparer Tax Filing Handled by NTC Client Responsibility
  • 9. The Tax Credit Experts We are the tax credit experts…it’s all we do!  We are a complete service provider - extensive research of federal, state and local incentives ensure every client’s tax credit potential is reached  Our innovative processes allow us to easily integrate into the client’s current hiring procedures  Our expertise and progressive approach enable us to provide clients with unparalleled service  Multiple processing methods are available to meet client needs  Our digital system provides real-time, online reporting on a per location basis  Proprietary Software fully mines the tax credits
  • 10. Closing Q&A

Related Documents