CPA Practice Advisor Magazine, Negotiating SALT Credits and Incentives With Multiple States and Localities, May 15, 2015
With the economy finally showing some signs of life, businesses are looking to invest and grow. When you have discussions with your clients, do not forget to ask them about their planned capital expenditures, hiring plans, and training needs. Almost every state (and many counties and municipalities) has resources to help – with everything from tax credits based on a percentage of capital spend, to retention of withholding taxes, to cash grants to offset training expenses, and everything in between. But each entity has different rules and standards to qualify for incentives.