New Markets Tax Credits (NMTCs) are a powerful tool for driving economic development and expanding services in underserved communities. In this episode of Cherry Bekaert’s Tax Services Podcast, Trevor Nelson, Manager with the Strategic Financing Services team, speaks with Catriona Carlisle, Executive Director of Meals on Wheels of Greenville, about how NMTCs supported a major facility expansion.

The conversation highlights the key phases of a successful NMTC closing, from project planning through compliance. It also demonstrates how Cherry Bekaert’s Strategic Financing Services team supports clients throughout the NMTC process, helping unlock funding and enhance community impact.

Listeners will gain practical insights on aligning with community development goals, managing documentation and compliance while keeping stakeholders informed. This client testimonial emphasizes the importance of preparation, strong partnerships, and long-term planning in delivering meaningful, lasting change.

New Markets Tax Credits (NMTCs) provide essential benefits for driving economic growth and revitalization in underserved communities. By leveraging this impactful program, organizations can attract significant private sector investment through loans or equity, transforming community development projects and expanding access to jobs, facilities and services.

Additionally, NMTCs enhance the capacity of community development lenders, investors and financial service providers, creating a robust network that addresses the needs of low-income areas. With strategic allocation and comprehensive guidance, NMTCs empower businesses and nonprofits to achieve substantial community impact and sustainable growth.

On this episode of Cherry Bekaert’s Tax Services Podcast, Laurel Tinsley, Strategic Financing Services Leader, and David Altman, Project Finance Senior Manager, delve into the fundamentals of NMTCs and their profound influence on community revitalization. Together, they explore insightful examples of NMTC-driven projects and discuss how Cherry Bekaert's Strategic Financing Services team supports organizations in navigating the NMTC process.

Discover how Cherry Bekaert combines strategic knowledge and a nationwide network to maximize the benefits of NMTCs for impactful community development.

Sales tax automation provides numerous advantages, simplifying the complex process of calculating sales and use taxes. By leveraging advanced tax technology, such as Avalara, businesses can streamline tax compliance and rely on accurate tax calculations that can withstand the scrutiny of an audit.

Additionally, automation simplifies tax management across multiple platforms, channels, and enterprise resource planning (ERP), allowing businesses to scale without worrying about sales tax. With real-time updates and precise tax calculations, businesses can focus on strategic activities, confident that their sales tax compliance is accurate and efficient.

On this episode of Cherry Bekaert’s Tax Services Podcast, Sales & Use Tax Leader Lauren Stinson and Sales & Use Tax Senior Manager Tiffany Rodi are joined by Avalara’s Global Head of Strategic Accounting Partnerships Sona Akmakjian. Together, they explore the transformative impact of technology on sales tax compliance and discuss insights on automated tax solutions. Discover the strategic partnership between Cherry Bekaert and Avalara, which merges technology with professional guidance to optimize tax processes for businesses.

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