What is the Georgia Retraining Tax Credit?
The State of Georgia offers, as an incentive for investment, a credit of up to 50% of Georgia income tax for retraining employees in the use of new technology or qualifying process improvements. Eligible costs include third party invoices, in house project team, and employee training time (formal and informal). AlphaResults has developed proprietary software and processes which enable quick identification and quantification of credit opportunities and efficient processing, computation, and preparation of the required filing and supporting documentation.
finanSight and Alpharesults have excellent relationships with the state approving agencies and a blue chip reputation with CPA firms whose clients we have assisted in the recovery of millions of dollars in retraining tax credits. Alpharesults also has expertise in other state tax credits (e.g. investment credit, jobs credit) and an extended network of professional relationships to fill out national capabilities.
The credit can be claimed for up to three prior years and can be carried forward for ten years.
