ABSTRACT

One area often overlooked by safety and loss prevention professionals is the indirect cost savings of tax credits and deductions, as well as possible outside sources of potential funding for specific projects. Although most safety and loss prevention professionals are not accountants or tax advisors, most com­ panies or organizations possess a tax "guru" who can often provide assis­ tance to the safety and loss prevention professional in such areas, which can be important sources of funds to assist the safety and loss prevention profes­ sional finance projects; however, most tax credit and grant programs require strict adherence to the specific rules and regulations and often require exten­ sive "paperwork" during the application phase and throughout the project.