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CCH Offers All-In-One Online Solution For Tax Zone Identification, Filing
(RIVERWOODS, ILL., November 13, 2006) – Taking advantage of valuable tax and other incentives when locating a business is now easier thanks to a partnership between CCH, a Wolters Kluwer business and a leading provider of tax, audit and accounting information, and the noted consulting firm, National Tax Credit Group, LLC (NTCG). Through this exclusive partnership, CCH is able to offer the Tax Zone Locator, which provides full-service online delivery of federal and state location-based incentive information on the CCH® Tax Research NetWork™ (CCHGroup.com).
There are federal, state, county and city incentive zones, offering a variety of credits and exemptions for income, property and sales taxes based on investment, hiring and other criteria, but tracking down the information on them can involve tedious research, and the jurisdictions offering them often do not have information readily available.
“Fewer than half of the states with tax zone incentives have detailed information on their web sites, and even less is available at the web sites of counties and cities with tax zones,” noted Angela Darrow, CCH product manager. “But the Tax Zone Locator makes finding what you need as simple as typing in an address.”
The Tax Zone Locator by NTCG provides detailed information on federal location-based tax incentives zones such as Empowerment Zones, Renewal Communities, Indian Tribal Land, as well as state Enterprise Zones for both pre-qualification and non-pre-qualification states. The Tax Zone Locator also provides a Zone Forms and Instructions Library and a Zone Coordinator Contact Database.
The coverage includes valuable location-based hiring credits; sales and use tax credits and exemptions; property tax credits and incentives; income and franchise tax credits; and investment credits.
A Complete Solution
Users launch the Tax Zone Locator application from the CCH Tax Research NetWork. They simply type in the address for a location and the database instantly pulls up all the federal and state tax incentives that may be available for that particular location.
Users can instantly determine eligibility for credits and incentives and obtain useful planning information.
“It’s a complete solution. Users get everything they need,” Darrow noted. “The listing provides detailed information on how to calculate the credits and incentives as well as everything needed to file – links to forms and forms instructions for accurate filing and even contact information for the appropriate zone coordinator.”
The Tax Zone Locator is updated regularly so customers always have the most current information available to make informed decisions.
Due to the historical complexities of identifying the eligibility for, and calculation of, these federal, state and local incentives, generally fewer than 10 percent of taxpayers or their CPAs claim these valuable benefits.
“With the Tax Zone Locator, there is no excuse for leaving this money on the table” adds Darrow. “These tax breaks can offer private and publicly traded businesses with a significant competitive advantage as a result of: lower effective tax rates, lower after-tax labor costs, increased tax refunds and improved cash flow, while improving the communities they operate in.”
For More Information
For more information or to subscribe to the Tax Zone Locator, call a CCH sales representative at 1-888-CCH-REPS (1-888-224-7377) or visit CCHGroup.com.
About National Tax Credit Group, LLC
NTCG is a leading provider of comprehensive incentive tax credit and exemption studies for businesses throughout California and the United States. NTCG was founded by a group of leading tax experts, University Professors and former Big 4 Partners, Senior Managers and Consultants. Through the use of proprietary software, NTCG provides comprehensive, and cost-effective location-based tax incentive screening and consulting services to the financial services community.
About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business (CCHGroup.com) is a leading provider of tax, audit and accounting information, software and services. It has served tax, accounting and business professionals and their clients since 1913. Among its market-leading products are The ProSystem fx® Office, CCH® Tax Research NetWork™, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill.
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2005) of €3.4 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.
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