Working with a tax credit partner that has the experience, expertise and systems/processes to support qualification, filing and legislative/compliance monitoring can help businesses:
· Identify and evaluate new opportunities for which they may be eligible
· Keep accurate records so they can make data-driven decisions
· Comply with changing tax credit laws and avoid penalties
· Report tax credit activities and meet deadlines
· Defend the credits under an IRS or state taxing authority audit
Both newly-eligible business that haven’t yet taken advantage of tax credits and those that already have a large tax credit portfolio may benefit from outsourcing tax credits administration.