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User:Markevanskirkpatrick/TC GIG

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Tax Credit & Government Incentive Group (also known as "TC GIG") administers tax credits and government incentives in the United States. [Tax credits], also known as a [tax incentives], from a business sense, are conceptually interpreted to increase economic development, preserve natural resources, and encourage certain corporate behavior. An example includes the recent hiring credit proposed by the US Federal Government. [1] Government Incentives refer to reimbursements, grants, and specials loans or funding opportunities as well. Incentive legislation is conducted by local, state, and federal agencies.

TC GIG Business Services

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TC GIG facilitates the relationship between the government and the client, "business officer", usually including a tax professional [CPA]. Services include local, state, and federal programs.
Local Level Programs
Local programs are implemented to bring in new business and support existing business. This includes environmental behavior, employment behavior, and can become as detailed as internal processes or building renovation. Austin, Texas offers a Redevelopment Program in addition to Small Business Development and Emerging Technology programs.[2]
State Level Programs
State programs are put in place to encourage development at the state level, bringing in new businesses and residents while strengthening current businesses and/or residents. An example of a state program incentive, known as a tax credit, is the California Enterprise Zone (CAEZ) administered, in addition to other programs, by the California Department of Housing and Community Development (HCD)[3] An example of another state program incentive, known as a reimbursement rather than a tax credit, is the training grant administered by the California Employment Training Panel (ETP).[4]
Federal Level Programs
An Inclusion to the Economic Stimulus Act 2009, also known as the 2009 American Recovery and Reinvestment Act, proposed by the 2009 US President Barack Obama, is the addition of two new categories for the Work Opportunity Tax Credit Program.[5] An earlier attempt at increasing employment throughout America is known as Federal Empowerment Zones (FEDEZ) and Federal Renewal Communities (FEDRC), administered and evaluated by the US Department of Housing and Community Development (HUD), in the office of Homes & Communities.[6]

TC GIG Competitors

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Top 5 competitors of TC GIG are:
  • PricewaterhouseCoopers[7]
  • Ernst & Young[8]
  • Deloitte Touche Tohmatsu International[9]
  • KPMG[10]
  • ADP[11]

TC GIG Philanthropy

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TC GIG is a partner of various organization aiding local, national, and international communities. TC GIG partners with Rotary International[12] providing service to people in need. Current International Projects include Water For Sudan[13], West Nile Region of Uganda[14], and Direct Relief International[15]. National and local projects include Brother Benno[16] and Triumph Foundation[17].

References

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  1. ^ NY Times, Support Is Building for a Tax Credit to Help Hiring.
  2. ^ City of Austin, Economic Growth and Redevelopment Services Office.
  3. ^ California Department of Housing and Development, Economic Development Areas (EDA).
  4. ^ California Employment Training Panel, California Employment Training Panel (ETP).
  5. ^ Mass Works, Economic Stimulus: What it Means for Employment of People with Disabilities.
  6. ^ US Department of Housing and Community Development, Homes & Communities.
  7. ^ PricewaterhouseCoopers
  8. ^ Ernst & Young
  9. ^ Deloitte Touche Tohmatsu International
  10. ^ KPMG
  11. ^ ADP
  12. ^ Rotary International
  13. ^ WFS, Water For Sudan.
  14. ^ WENIRUDA, West Nile Region of Uganda.
  15. ^ DRI, Direct Relief International.
  16. ^ Brother Benno, The Brother Benno Foundation, Inc.
  17. ^ Triumph, Triumph Foundation
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