Ceridian Partners with ACI to Provide Tax Credit Services
Ceridian Tax Credit Servicescan reduce tax liability, improve bottom line financial results
Minneapolis, April 15, 2009 - Ceridian Corporation, a leading provider of managedhuman resource,employee benefits administration,tax filingandpayroll outsourcingsolutions, announced today it has partnered with Associated Consultants, Inc. (ACI) to offer businesses a new tax credit solution. Ceridian Tax Credit Services (Ceridian TCS) helps clients use government tax credit programs to reduce their tax liability and improve their bottom line results.
"Surveys have shown most CFOs do not believe their companies are taking advantage of all the government incentives and tax credits being offered, particularly in today's new regulatory environment," says Web Hill, senior vice president of Ceridian Tax Services. "Currently there are thousands of incentive programs in existence, so keeping abreast of the ever-changing legislation and documentation required to use these tax credits can be daunting."
Historically, Congress has authorized billions in incentives to encourage economic development in cities and rural areas throughout the country. Many government economic development incentives go unclaimed because businesses are simply unaware of them or they do not have the time or the tools to take advantage of the programs.
"In many cases, employers can take tax credits and apply them directly to their corporate tax liability, or in the case of pass through entities such as sub "S", LLC or Partnerships the tax credits can impact owner or shareholder tax liability" notes Alan Newcomb, chief executive officer of ACI. "Tax credit services like those offered by Ceridian and ACI can work with you and your tax advisor to determine your ability to utilize these credits."
Ceridian TCS uses a straight forward process to help companies take advantage of government tax incentives. First, Ceridian TCS works with a client to help identify tax credit programs for which the client might be eligible. Then Ceridian TCS determines the client's ability to utilize tax credits, and analyzes the client's payroll data to identify tax credits. After the payroll analysis, Ceridian prepares the audit support documentation required to claim the tax credits. And finally, Ceridian TCS keeps the client abreast of tax credit legislation changes.
Ceridian continues to help companies remain compliant and make the best use of today's challenging new regulatory environment. Ceridian's proven integrated solutions and valuable expertise can help companies anticipate and plan for the new laws and regulations certain to be enacted through the rest of 2009 and beyond.
About ACI
ACI is a closely held corporation headquartered in Indianapolis, Indiana. ACI is a full service administrator of federal and state tax incentive programs and provides its services to a wide variety of industries. ACI specializes in administering geographic and demographic federal and state tax credit programs, new hire, job creation, and - through its alliance network - property tax, sales and use, capital investment and cost segregation services. ACI's goal is to keep its clients abreast of all relevant programs to maximize tax savings and improve bottom line results. For more information visitwww.acitaxbiz.comor call 800-925-0557.
About Ceridian
Ceridian is a global business services organization that offers a comprehensive range of innovative solutions. From human resources and benefits to accredited employee assistance, work-life and health and productivity services, Ceridian helps organizations maximize their human, financial and technology resources. As a leader in payroll outsourcing, gift cards and controlled spending, Ceridian is also a driving force in payment innovation. Whether partnering to improve employee productivity, save money or minimize financial risks, Ceridian's business is to help organizations stay focused on their business. For more information about Ceridian's comprehensive array of human resource solutions, visitwww.ceridian.comor call 800-729-7655.
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