Monday, September 22, 2008

Utility's Billing Accuracy Questioned – Billions in Overcharges to Unsuspecting Businesses




In today’s business environment, with skyrocketing energy costs and rising interest rates, corporate business managers need to protect positive cash flows by eliminating containable costs. Often times Utility bills are thought to be scrutinized carefully, but not carefully enough apparently.




AmCorp Management, America's leading business enterprise and today's TOP choice by Executives for specialized Corporate services, has revealed that Utility billing errors are at an all time high. These unnoticed additional expenses has become over a $250,000,000,000 (Billion) dollar a year industry in the United States alone. Additionally, the epidemic of overcharges could soar to over a Trillion dollars World Wide in 2009. Can you say the 2nd largest transfer of wealth in the history of the world...




Recent study’s have concluded that eight out of ten invoices reviewed by expert Auditing Firms contain highly elusive errors and overcharges that business owners are not aware of. By having outside professionals conduct a full-scale Utility bill audit, you could potentially return tens if not hundreds of thousands of dollars back into your operating capitol. Some have recovered millions!

Industry experts agree that roughly 92% of all service bills are inaccurate. WHAT? Yes, it truly is staggering when you think about it isn’t it? Billing errors from Electric and Natural Gas companies continue to have problems with systems management and audit updates. These failures are causing unnoticed errors such as incorrect tax configurations, insufficient rate applications, unmanaged cost increase/decrease, erroneous fee structures, un-applied discounts and so many others.


In fact, there are over 50 areas where expert auditing firms like AmCorp Management can identify, substantiate and recover thousands of dollars that may have been overcharged to you without ever realizing it. It’s surprising to most business owners to discover just how much operating capitol they have lost after having a thorough examination of their utility bills from an expert auditor.

There are many auditing firms around, some work on a flat fee basis, and some work on a contingent basis. Whatever audit firm you choose, I recommend a minimum of ten years experience as many techniques have changed over the years. Being part of a National Auditing Firm like AmCorp Management, I can tell you first hand that eight out of ten business owners I speak with, qualify for refunds in multiple areas.

These Industry giants and Government groups always refund your money. All you simply have to do is find the overcharges and ask for it to be refunded. Unfortunately they’re so embedded in complex systems and regulations, but if you do find them, you’ll then get your money and “Oops, Sorry”.





Have you ever wondered what the incentive is for these Corporate enterprises to overcharge their customers? The know that Less than 5% of businesses or people that are overcharged will ever know about it...or ask for their money back. Now if that doesn’t open your eyes, I don’t know what will.

Saturday, September 20, 2008

Research & Development Tax Credits | AmCorp Management's Advanced Recovery


The US Government announces today that the IRS currently holds over $30,000,000,000 (Billion) dollars in unclaimed tax overpayment from the Research & Development (R&D) tax Credit program.


As many Corporate manufacturing businesses throughout the United States are becoming aware of the R&D tax credit, it's defined to more that just Research & Development. Also it is Experimental, and not just limited to manufacturing companies.


In today's high demanding world, many software companies overlook this valuable tax credit. Recently AmCorp Management has identified areas that many industries qualify for the research & Development Tax Credit but don't know they are available or even know how to take advantage of them.


The reality is that ANY business that invests in developing or Improving a process or product, may be eligible for addition Tax credits at the Federal and State levels. As an example, lets say your a Software company that needs to remain competitive in the market place, and has dedicated resources into improving your software's viability. Of course depending upon what you spend is really insignificant, it is that you improved a process or a product to remain competitive.


Under these guidelines, you may be able to take additional deductions over and above the deductions you already take. It's surprising that over 80% of manufacturing and businesses involved in improving processes and products don't take full advantage of the Research & Development Tax Credit program.


In my Experience by working with AmCorp Management, it is the lack of knowledge with most CPA's concerning the Tax Code in these areas. Would it surprise you that the Research & Development Tax Program is heavily embedded in over six thousand pages of the Tax Code?


I guess when Albert Einstein said, " The hardest thing in the world to understand is the income tax", he wasn't kidding. If you have any questions concerning the R&D Tax Credit program, and it your company is eligible to receive a cash windfall, give me a shout...It might Just be the most profitable call you've ever made.

Wednesday, September 10, 2008

Software Development Executives Create Billions In New Revenues From Overpaid Taxes

Did you know that software developers overpay their Taxes by over $30,000,000,000 (Billion) dollars every year in the United States Today? According to the IRS, They now hold over $110 Billion dollars from overpaid taxes by US businesses by not taking advantage of the Research & Development Tax Credit Program.

As far as software companies are concerned, The R&D Tax Credit pertains to you if you have developed, improved, enhanced, modified or created new processes to remain competitive. Even though the R&D Tax program is incredibly complex, it allows for experimental activities as well. And for many software development companies, they miss taking the actual Tax Credits.

In a nutshell, even though your taking the deductions for the expense accrued for either improving or experimenting on new developments, you maybe entitled to receive dollar for dollar "Credits" for those expenses. Yes you read that right!

The IRS state that only 5% of businesses ever take advantage of this available tax credit. I'm sure that the Research and Development section of the Tax Code being over 6,000 pages long wouldn't have anything to do with that. The Truth is, we as business owners leave these things up to our CPA's to ensure we're only paying our Tax obligations. Unfortunately CPA's are not familiar with the entire Research & Development Tax Credit.

While most Tax professionals and CPA Firms are excellent at what they do, they are not Tax Code Experts, and there is where the problem lies. In order to take full advantage of these Tax credits you need to utilize "Specialists" in the Tax Code. That's where AmCorp Management come in. We can provide 100% Risk Free solutions that can create an immediate "Cash Windfall" for your company.