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Is Your Business in an Enterprise Zone? You may be able to reduce your state income tax by $37,440 per qualified employee* hired. *An employee who meets at least one of twelve different criteria. (By far most qualify by residing in Targeted Emploment Area resident, dislocated worker, veteran.

Enterprise Zone Presentation

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Page 1: Enterprise Zone Presentation

Is Your Business in an Enterprise Zone?

You may be able to reduce your state income tax by $37,440 per qualified employee* hired.

*An employee who meets at least one of twelve different criteria. (By far most qualify by residing in Targeted Emploment Area resident, dislocated worker, veteran.

Page 2: Enterprise Zone Presentation
Page 3: Enterprise Zone Presentation

Enterprise Zone Tax Credits Can be as Good as Money

You may use them to get state income tax refunds.

You may use them each year until they are exhausted.

Page 4: Enterprise Zone Presentation

Two Wrong Assumptions that Cost You Money

Unrealistic assumption that CPAs will do it right…very few do.

If I can’t make the program work myself, it shouldn’t be done.

Page 5: Enterprise Zone Presentation

DCI Solutions Enterprise Zone: Employee Information Template

ABC Plating

2005 Maximum Rate

Voucher Last Name First Name Hire Date Starting Wage Total Wages Total Hours

Yes Jones Miriam 4/13/2005 6.75 10,199.00 1,510.96

Yes Smith Saul 5/12/2005 6.75 No W-2 Wages  

Yes Lopez Marco 6/29/2005 6.75 6,955.00 1,030.37

Yes Iniquez Rubio 7/11/2005 6.75 9,641.28 1,428.34

Yes Morales Jose 9/28/2005 6.75 1,614.00 239.11

Yes Morales Patricia 11/30/2005 6.75 1,233.77 182.78

Yes Hardworker Ima 1/3/2006 6.75 2006 Credit  

Yes Goodboss Ura 3/7/2006 6.75 2006 Credit  

             

             

            Total Credit

             

S-Corp Credit

Number of Employees at Site

Number of Employees in Credit

% of Employees Certified

Step #1 Hiring Records

Page 6: Enterprise Zone Presentation

DCI Solutions Enterprise Zone: Employee Information Template

ABC Plating

2005 Maximum Rate

Voucher Last Name First Name Hire Date Starting Wage Total Wages Total Hours 50% Credit

Yes Monge Miriam 4/13/2005 6.75 10,199.00 1,510.96 5,099.50

Yes Iniquez Saul 5/12/2005 6.75 No W-2 Wages    

Yes Reyes Marco 6/29/2005 6.75 6,955.00 1,030.37 3,477.50

Yes Iniquez Zeferino 7/11/2005 6.75 9,641.28 1,428.34 4,820.64

Yes Morales Elio 9/28/2005 6.75 1,614.00 239.11 807.00

Yes Iniquez Patricia 11/30/2005 6.75 1,233.77 182.78 616.89

Yes Hercules Alicia 1/3/2006 6.75 2006 Credit    

Yes Ascon Yanira 3/7/2006 6.75 2006 Credit    

               

               

            Total Credit $ 9,722.03

               

S-Corp Credit $ 3,240.68

Number of Employees at Site 15

Number of Employees in Credit 5

% of Employees Certified 33%

Step #2 DCI Calculates Your Credits and Refunds

Page 7: Enterprise Zone Presentation

DCI Solutions Enterprise Zone: Employee Information Template

ABC Plating

2005 Maximum Rate

Voucher Last Name First Name Hire Date Starting Wage Total Wages Total Hours 50% Credit

Yes Monge Miriam 4/13/2005 6.75 10,199.00 1,510.96 5,099.50

Yes Iniquez Saul 5/12/2005 6.75 No W-2 Wages    

Yes Reyes Marco 6/29/2005 6.75 6,955.00 1,030.37 3,477.50

Yes Iniquez Zeferino 7/11/2005 6.75 9,641.28 1,428.34 4,820.64

Yes Morales Elio 9/28/2005 6.75 1,614.00 239.11 807.00

Yes Iniquez Patricia 11/30/2005 6.75 1,233.77 182.78 616.89

Yes Hercules Alicia 1/3/2006 6.75 2006 Credit    

Yes Ascon Yanira 3/7/2006 6.75 2006 Credit    

               

               

            Total Credit $ 9,722.03

               

S-Corp Credit $ 3,240.68

Number of Employees at Site 15

Number of Employees in Credit 5

% of Employees Certified 33%

Step #3 Receive LARGE credits and refunds

Page 8: Enterprise Zone Presentation

There’s no downside or risk.

-No change in vendors or services.

-Nothing happens without your consent.

Page 9: Enterprise Zone Presentation

Our goal is to hit “home runs*” on your behalf.

*You save 15% or $15,000 (with no change in vendor required).

Page 10: Enterprise Zone Presentation

We hit several home runs just in the first inning

1) We collect invoices from your AP files.

2) We analyze invoices for overcharges and potential refunds.

3) We confidentially show savings that require little time and no change.

4) With your approval, we apply for refunds/credits.

5) Within weeks, your savings will begin.

Page 11: Enterprise Zone Presentation