Florida’s QTI Tax Refund incentive program is offered to new or expanding businesses in targeted industries. Each year, the State distributes 100-150 QTI Tax Claim Applications to businesses participating in the incentive program to start the payment process. In order to qualify for the scheduled payment, a business must submit a completed claim application, along with supporting documentation to confirm that it meets the annual jobs, wage and tax goals. F.S.288.106 also requires that the claim package be submitted to the state for processing each year by January 31st.
Margo Thomas, owner of MarLynn Consulting said, “There is usually a celebration when a business is approved for an economic development incentive award. However, a disconnect occurs from this point forward, as there are no structured programs offered by the State or the local Economic Development Organizations to prepare these businesses for the next step. As a result, businesses are often left on their own to figure out what is required to qualify for the actual payments.” After managing the QTI program and verifying QTI jobs, wage and tax data on behalf of the State of Florida for nine years, Mrs. Thomas became painfully aware that many businesses left money on the table because they simply did not understand the process. She wanted to provide an opportunity for these businesses to succeed with their projects.
According to Mrs. Thomas, “The main goal of the QTI Self-Study Guide is to teach businesses how to navigate the QTI reporting process. Participants will learn the types of documents accepted by the state. They will also learn how to analyze their project jobs, wage and tax goals to determine if they will meet the requirements to receive their payments. Ultimately, MarLynn Consulting is providing an opportunity for businesses to receive their full payment.”
About MarLynn Consulting Group, LLC
MarLynn Consulting Group, LLC (www.marlynnconsulting.com) was founded in 2011 as an economic development incentive compliance firm. They specialize in a variety of Florida incentives and have worked with companies in industries ranging from aviation to science and medicine. MarLynn Consulting's clients have benefitted from their eleven years of experience and expertise with the QTI and other Florida economic incentive programs.
Mrs. Thomas believes that businesses should be armed with the tools they need to effectively navigate the full economic incentive process. MarLynn Consulting provides a number of specialized solutions to help businesses maximize their incentive payments. For more information about the QTI Self-Study Guide or any of MarLynn Consulting’s services, call them at (850) 727-0293.