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STEP |
APPROACH |
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FEASIBILITY - IDENTIFY AND DOCUMENT INCENTIVES
- Review all locations utilizing Location
Identification Software
- Filter locations by type through SumIT
Credits Matrix
- Review Annual Report & look out
side the box DELIVERABLE - Credit List (Credits, Training Grants, Incentives, etc…)
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IMPLEMENT PROACTIVE CERTIFICATION PROCESSES
- Work with HR to include appropriate
forms as part of new hire process to document qualified hires
- Process forms with State Agencies
and track compliance
- DELIVERABLE – Monthly Compliance Reports
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SECURE - CALCULATE AND PREPARE CREDIT
FORMS
- Gather employee and investment information
at beginning of each year
- Generated credit supporting schedules
and documentation
- DELIVERABLE – 1) Quarterly
Estimates and 2) Actual Credit Forms
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FOLLOW-UP / REVIEW NEXT YEAR EXPANSIONS
- Follow-up to ensure appropriate credits
claimed correctly on tax returns
- Review credit status and calculate
reasonable estimates for following year
- DELIVERABLE – Credits Summary &
Carryforward Schedule
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