Insights

Georgia Tax Credits Reduce Your Tax Bill


Jim Tinsley . 04.23.20

While you wait for relief from federal stimulus programs, the Georgia Retraining Tax Credit is a proven way for you to reduce (or eliminate) your tax burden and keep money in your business.

The extended state tax deadline means more time to find specialized tax credits…and that’s never been more important. Make sure you are not leaving money on the table!

What Qualifies?

If your business purchased or upgraded software, equipment or any technology, you may already qualify for a retraining tax credit that immediately reduces or eliminates your state income tax burden.

Based on approved Retraining Tax Credits this year, over 90% were awarded to companies related to upgraded software or new software, including to help them manage:

  • Customer conversations (e.g., CRM)
  • Business processes (e.g., ERP)
  • Patient health information (e.g., EHR or EMR)
  • Marketing activities
  • Inventory, documents or storage
  • Project details and workflows
  • Billing or payments

Who Qualifies?

Everyone. There are no industry or company-size specific regulations.

Based upon the approved tax credits we’ve already captured for businesses, the most valuable credits are often in the following industries:

  • Fast-food franchises such as McDonald’s
  • Doctor’s offices, dentist/orthodontic practices, medical clinics
  • Car dealerships
  • Construction, General Contractors, Architects and Engineers
  • Consultants, Lawyers, Technology Developers
  • Advertising, Marketing and other professional service firms

Working Remotely =Tax Credit Opportunity

We’ve helped companies secure tax credits for adopting remote-work tools such as, Zoom, Slack and Docusign.

If you have transitioned to running your business remotely, you may already qualify for a tax credit.

Your Tax Credits “Easy Button”

Our team of trusted tax credit experts are here to make it easy for you to lower or eliminate your state income taxes with a Georgia Retraining Tax Credit that you may have already qualified for.

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