Tax Credits & Incentives
Within the state of Georgia, there are numerous business tax credits and incentives available to qualifying companies that can be leveraged to reduce taxes and receive other favorable benefits. While most are aware these credits exist, very few understand the qualification requirements or how to apply. Many are discouraged from participating because of the sheer number of incentives, various qualifying criteria and often complex application process. For these reasons, most companies don’t take advantage of generous state and federal incentives which is unfortunate because of the potential tax savings.
Wilson Lewis works with companies throughout Georgia and across the United State to identify, prioritize, plan projects around, and apply for various incentives. Our experienced professionals are able to review your existing situation as well as future plans to determine if the organization qualifies for an immediate opportunity. When identified, we work closely with management to ensure application and other paperwork is properly completed and submitted. The result is a welcomed reduction in corporate income tax for current and/or future years.
Below is a listing of the most common federal & state tax incentives available, including:
Federal Tax Incentives
- Credit for Small Employer Pension Start-Up Costs
- Disabled Access Credits
- Empowerment Zone Credits
- Foreign Tax Credit
- New Markets Tax Credit
- Rehabilitation Credit
- Research and Development (R&D) Tax Credit
- Retirement Plan Start Up Tax Credit
- Work Opportunity Tax Credit
State Tax Credit – Georgia
- Georgia Job Tax Credit
- Quality Jobs Tax Credit
- Georgia Work Opportunity Tax Credit
- Georgia Retraining Tax Credit
- Georgia Entertainment Tax Incentives
- Port Tax Credit Bonus
- Investment Tax Credit
- R&D Tax Credit
There are several tax incentives available for companies depending on location, activities and business practices. If you are interested in discovering whether your company qualifies for any of these incentives, Wilson Lewis can help. For additional information please call 770-476-1004, or click here to contact us.