State Tax Credits and Incentives

State and Local governments offer a number of tax credits and incentives to businesses of all sizes in order to encourage specific hiring practices, to encourage specific types of businesses to locate operations within their boundaries or in specific depressed or disadvantaged areas, to invest in the community in certain ways, to train and re-train workers (resulting in greater employment opportunities for citizens and retaining workers by improving their job skills, and by contributing in beneficial ways to the community in which their operations are located.

Tax Credits and other incentives offered to businesses by State governments and by County and City governments can represent a significant encouragement for businesses to make decisions that positively change the employment outlook for residents of the community and to conduct operations in ways that benefit the state or the community.

CFCG’s team of Tax Credits and Incentives experts works with clients to evaluate location alternatives for new facilities (e.g., corporate or regional headquarters, back office, manufacturing, call center, etc.) and assist with negotiating and implementing beneficial incentive packages to offset investment costs. These services are available generally for prospective expansion, relocation or consolidation projects. We also work with clients to identify any retroactive and prospective Florida corporate tax credits and incentives that they may be eligible to receive based on certain business activities such as job growth, new capital investment and certain employee training activities.

Our dedicated CPA Credits and Incentives professionals can examine your business plans and activities, provide additional resources and support to your company’s financial and operational staff, and help you weigh all available options that will add value to your company’s bottom line by maximizing available tax credits and negotiated tax incentives.

The CFCG team provides a variety of tax credits and incentives solutions designed to meet clients’ specific needs, including:

• Project management for the incentives negotiation and tax credit processes
• Assistance with structuring and negotiating discretionary incentives
• Identification of eligible tax credits
• Assistance with certain tax credit pre-approvals, credit computations and compliance
• Credits and incentives enhancement strategies
• Audit defense for tax credits and incentives agreements

Some of the available credits and incentives are complex and they are not widely known. Further, available credits and incentives vary from state to state and from one city or county to the next. Because CFCG is the expert in Tax Credits and Incentives, we have experts who can assist you with their extensive knowledge of each of the 50 states. We recognize that many companies sustain operations, facilities and revenue streams in more than one state. For this reason, our tax credits and incentives experts maintain current knowledge of all opportunities in all states that can help your business succeed.

Because our primary offices are located in the state of Florida, we have listed the Florida State Tax Credits and Incentives available to businesses. Please keep in mind that each state offers its own set of tax credits and incentives for businesses.

Contact CFCG today at 800-385-0587 to schedule your consultation with CFCG’s experts to discuss State and Local tax credits and incentives that may be available to your company in Florida or in any of the other 49 states.