Similar to the concept behind the federal empowerment zones, states provide incentives for businesses that locate in designated areas or “zones” in order to promote business growth. Yet, even when a business is aware that it is located in a zone, it can be difficult to know just what incentives are available and how to apply for them. Walton Management Services (WMS) monitors all tax credits offered in all 50 states. We identify the exact location of a client’s facility in comparison to the boundaries of an existing enterprise zone. WMS then provides client with a report listing the incentives they can qualify for based on their physical locations. These site-specific enterprise zones can generate lucrative tax credits, and WMS will secure and administer all the benefits our client is entitled to.

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Statewide job tax credits are a preferred method for states to promote and assist new and expanding businesses. These incentives offset the costs of creating or expanding a company’s workforce. While in the process of hiring, it’s easy for businesses to miss out on these state specific incentives. Walton Management Services (WMS) has nearly three decades of experience in ensuring our clients obtain the maximum possible benefit from statewide new hire incentives. States and municipalities tax incentives are available for businesses that create jobs or retain their workforce under certain conditions. WMS understands the myriads of state guidelines that regulate the type of business and projects eligible for such incentives.

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WMS has assisted many of our clients in securing their share of the millions of dollars available in federal, state and local grant funding for training and retraining of employees. With global market forces more apparent, and the premium on highly skilled employees, governments view worker training programs as a viable economic development strategy. Employment training and retraining increases an employee’s skill set, productivity and performance. Walton Management Services (WMS) will identify and secure new and incumbent worker training, skill upgrades, and capital investment awards on client’s behalf. We will manage client’s compliance with statutory reporting and documentation requirements, and manage the relationships with the local government to ensure client’s application and reimbursement requests are processed and approved quickly. We will provide a comprehensive reporting of client’s funding status and satisfy the internal project tracking requirements.

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WMS monitors hundreds of geographic based tax incentives available to businesses throughout the United States. A company’s day to day business such as increases in employment, or improvement s to machinery and equipment can generate lucrative tax incentives. Geographic incentives are also available to companies expanding or consolidating. Many states offer incentives and credits for even a minimal increase in employment. Walton Management Services will map a client’s geographic locations to state specific incentive opportunities.

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Companies with multi-state transactions often overpay sales and use taxes. Sales and Use Tax legislation is diverse and constantly changes. Companies lose dollars by not staying current. Walton Management Services (WMS) has assisted hundreds of clients from small proprietors to multi-national corporations in all industry sectors with their Sales and Use Refunds, Exemptions and Reductions. WMS works with our client’s internal departments to minimize their tax expenses and audit exposure. Walton’s tenured staff of tax specialists will perform a complete analysis of all capital transaction expenditures. Based on our analysis we will determine Sales and Use overpayments.

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Property Tax Credits and Abatements are exemptions and abatements from taxation of property, both real and personal offered by most states. Walton Management Services (WMS) will negotiate on client’s behalf to abate a certain percentage of property tax for a specific number of years.

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Wage based credits worth over $36,000 per eligible employee for hiring individuals from targeted groups such as welfare recipients, disabled workers and employees who reside in economically distressed areas. An example is the California Enterprise Zone Tax Credit opportunity. The qualifications for an eligible CAEZ employee are similar to the qualifications for the Work Opportunity Tax Credit (WOTC). Walton Management Services has a commitment to customizing the technology and administration process that will yield the greatest return for hiring credits for our clients, and will at the same time capture additional tax credits available in the designated areas.

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The California Enterprise Zone (CAEZ) Program targets economically distressed areas throughout California. A CAEZ business earns hiring tax credits by employing individuals from certain targeted groups. Up to $35,100.00 can be claimed over a five-year period for each eligible hired employee. The employer can take a tax credit of 50% of wages paid to a qualified Enterprise Zone employee in the first year of employment. Subsequent years decline by 10%.

WMS can retroactively identify and process California tax credits for companies, regardless of their size. By simply reviewing employment information such as employee name, start date and home address, WMS has identified millions of dollars in credits for California companies.

WMS can handle the entire vouchering process, and will absorb the vouchering fees associated with application submittal and request for certification at the local level, which can be as high as $99 per individual request.

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The buying and selling of unused tax credits and net operating losses (NOL’s) is widely used by growing corporations throughout the United States as a means to convert unused tax credits and NOL’s into cash to grow their business. Walton Management ‘s Sellable Tax Credit Service will determine if you meet the criteria to buy and sell tax credits and facilitate the entire process from application through to closing.

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Investment Tax Credits are tax credits based on investments on qualified machinery and equipment purchases. Most states offer investment tax credits.

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