States aggressively compete to attract and retain companies with tax credit packages. Companies should be proactive and take advantage of these opportunities. Ideal situations include:
Critical to your company's success in this area, is the negotiation of these issues to any public announcement or press release of the expansion. MillerMusmar, CPA's approach involves comprehensive credit study to identify and secure the most beneficial incentives package for your company. We have significant experience, whether it is handling a 4 or 40 state credit study engagement. This process involves a low-impact review which often results in identification of refundable income tax credits. Lastly, credit studies often reveal other potential savings and refund opportunities.