Corporate Tax Incentives, a leading business incentives consulting firm, recently acquired the assets of Watchdog Software Inc.Ã‚®
Rancho Cordova, CA, Feb 08, 2010 -- Corporate Tax Incentives, a leading business incentives consulting firm, recently acquired the assets of Watchdog Software Inc.Ã‚® Watchdog Software is the creator of Unemployment Cost Control SoftwareÃ‚©. This unique software enables employers to monitor their unemployment compensation claims, dispute claims using preformatted state forms and audit state charges filed against them without the need to outsource to a third-party unemployment cost-control vendor. In addition, the software provides the flexibility to allow unemployment cost-control vendors (law firms, consultants, etc.) the ability to efficiently deliver their services in this area.
Lisa Hyde, Watchdog Software’s founder, will continue to work with Corporate Tax Incentives to further develop the product’s functionality. Hyde will assist the company with continuing its growth while making substantial improvements to the existing desktop solution. In addition to the desktop version, Corporate Tax Incentives is in the process of developing a Web-based version that complements the goal of Watchdog, to reduce the burden of employment exposure to employers. Unemployment costs are at a 25-year high and increasingly resulting in hundreds of thousands of dollars in additional costs to employers. "These costs will continue to rise unless properly managed with such a cost-control software program coupled with other solutions," says Hyde.
The acquisition of Watchdog Software allows Corporate Tax Incentives to continue its nationwide presence and to further its ongoing efforts to add complementary services. Watchdog Software enables Corporate Tax Incentives to expand its ability to help businesses maximize their total cost savings, allowing them to increase profitability. "Watchdog’s services fit nicely into our current business incentives focus, using much of the same data that is already captured during cumulative tax-saving efforts." says Principal Darren Labrie, CPA. Labrie also adds, "In addition, it relates to our overall concept of identifying operational savings to offset one of the largest statutory expenses an organization incurs, the cost of employment."
Corporate Tax Incentives focuses on securing federal, state and local business incentives. Such benefits come in the form of income tax credits, deductions, cash grants, training assistance/grants and low-interest financing. The firm provides for a non-intrusive service delivery process and focuses on the following areas:
* Business investment and expansion
* Filling new or existing employee positions
* Training (new or existing) employees
* Equipment purchases
* Research and development
* Business acquisitions
"The tax benefits that your business can take advantage of can be substantial, as these incentives are often tax credits that reduce your tax liability dollar for dollar," explains Labrie.
As a result of working with both large and small public and private business, Corporate Tax Incentives has built a sterling reputation that encompasses multiple tax-related services and business incentives. The firm offers clients the highest level of knowledge, as its professional team has considerable experience in their respective fields. Hyde, for example, is nationally-renowned for her expertise in the areas of national unemployment law and unemployment tax. She started the only female-owned unemployment compensation tax consultant business and developed it into one of the top four companies in the industry. She later created the first and only unemployment cost control software retail program, ultimately making Watchdog Software the recognized leader in unemployment insurance (UI) software. Hyde has 18 years of UI expertise, is a published author, and holds three copyrights.
Likewise, Corporate Tax Incentives’ three principals have extensive experience with Big 4 Accounting firms, state taxing agencies and government economic departments. Labrie, who has more than 17 years of experience in tax and business incentives, previously served as the West Region Business Incentives Leader for Ernst & Young’s State and Local Tax Practice. He also worked as an audit supervisor for the California Franchise Tax Board. Taz Singh is highly skilled in tax auditing and consulting in the area of tax incentives and credits. He previously worked as a corporate tax auditor for the California Franchise Tax Board and as a tax consultant with a national accounting firm and a California consulting firm. Frank Liang possesses more than 10 years of software development and product management experience. He is the key architect of the technology products and services used internally by Corporate Tax Incentives and externally by its third-party users.
Labrie explains, "Corporate Tax Incentives attributes its success to a distinctive business philosophy shaped by superior expertise, customer-oriented service and use of technology. The firm customizes services to clients’ unique needs and partners with them to achieve the best possible results." Corporate Tax Incentives also maintains a delivery service model that integrates and maximizes cutting-edge technology. "Using advanced software technology and the Internet, we have integrated a sophisticated system that allows us to efficiently capture available federal, state and local tax benefits," Labrie says.
For more information about Corporate Tax Incentives, its cost-saving services or the acquisition of Watchdog Software IncÃ‚®, contact Darren Labrie at (916) 366-0144. Or visit Corporate Tax Incentives online at http://www.ctillc.com.
About Corporate Tax Incentives:
Corporate Tax Incentives specializes in helping companies achieve significant savings in the areas of tax and business incentives. The firm is owned by Darren Labrie, Taz Singh and Frank Liang, all of whom are directly involved in overseeing every tax study for clients large and small. To date, Corporate Tax Incentives has generated millions of dollars in federal and state income tax savings for hundreds of companies through various tax incentive programs. Corporate Tax Incentives is based in Rancho Cordova, Calif. and serves companies nationwide.
Corporate Tax Incentives
Rancho Cordova, CA 95670
Visit the Author's website: http://www.ctillc.com