GEORGIA TAX CREDIT EVALUATION SERVICES
Georgia Jobs & Retraining Tax Credits
The State of Georgia has a number of special programs for employers. Schedule a free consultation to find out if your company qualifies for Georgia Jobs, Retraining, Opportunity Zone Tax Credits and other stacking benefits for the present and past years.
Request a Consultation Your Initial Consultation ExplainedNo-Risk
Our evaluations are always 100% free, and we only invoice for our services out of credits found. If we don’t find you qualify for the credits we identify, you don’t have a bill.
On-Demand
If we identify Georgia tax credits/incentives for which you qualify, we partner with your primary accounting firm to complete the necessary studies and filings as part of your broader tax strategy.
Entrepreneurs at Heart
We love what we do because our days are filled helping innovative & entrepreneurial firms free up capital for growth via the programs that help keep our country on track for a bright future.
The Problem:
The US tax code is so broad and complex that no primary firm can stay current on all aspects, AND companies end up paying more taxes than they should when nuanced & complex credits/incentives are not attained.
Georgia Jobs & Opportunity Zone Credits
Georgia is the #1-ranked state for opportunity zone credits for businesses for the last seven years. There are over 40 state and local tax credits available to Georgia-based businesses.
The most aggressive and lucrative tax credits available are jobs credits: the Georgia Job Tax Credit and Quality Job Tax Credit programs. These tax credit programs allow companies to offset 100% of their state withholding tax liability.
Recognizing the rapid economic development potential for Georgia businesses, CTA now offers full-service expertise in computing and substantiating these opportunity zone credit and jobs credits incentives.
The Atlanta office of CTA has added two state and local tax credit experts with over 20 years of experience to help Georgia businesses in obtaining these tax credits.
Georgia Retraining Tax Credits
Georgia Retraining Tax Credits represent a strategic incentive program aimed at fostering economic growth and workforce development within the state. This initiative encourages businesses to invest in employee training and skill development by offering tax credits to offset incurred costs. By leveraging these credits, companies not only contribute to the professional development of their workforce but also position themselves favorably in Georgia’s dynamic business landscape, fostering a symbiotic relationship between corporate success and the advancement of skilled labor.
Benefits include up to $1,250 per employee for training provided to existing employees for any new technology (software and hardware) upgrades, additions, or replacements to your business.
Georgia Job Tax Credits
Georgia businesses located in a tax incentive zone can qualify to receive up to $3,500 per qualified job, per year, for five years. This totals up to $17,500 per qualified job. Qualifying for the Job Tax Credit allows the business to apply for an additional $500 to $1,750 in bonus tax credits per year, for five years.
- Joint Development Authority Tax Credit Bonus – Businesses that earn the Job Tax Credits can qualify to receive an additional $500 per qualified job per year for the next five years if the business is located in a county with a Joint Development Authority.
- Port Activity Tax Credit Bonus – Businesses that earn the Job Tax Credits and also import/export through the port of Savannah may qualify to receive an additional $1,250 tax credit bonus on top of the Job Tax Credit and Joint Development Authority Tax Credit Bonus.
Georgia Quality Job Tax Credits
Georgia businesses that are creating high paying jobs can receive up to $5,000 per job per year for 7 years, totaling up to $35,000 per qualified job.
Compare Georgia Programs: Job Tax Credit with Bonuses vs Quality Job Tax Credits
Job Tax Credits
Quality Job Tax Credits
Maximum Credit Available Per Job
$3,500
$5,000
Number of Years Tax Credits Received
5 Years
7 Years
Joint Development Tax Credit
$500
$50
Port Active Tax Credit
$1,250
$0
Income Tax Liability Usage
100%
100%
Withholding Tax Usage
100%
100%
Carry Forward
10 Years
10 Years
Must Be in Tax Incentive Zone
Yes
No
Job Tax Credit with Bonuses 5 Year Windows
Year 1
Year 2
Year 3
Year 4
Year 5
Year 1 Jobs
25
25
25
25
25
Year 2 Jobs
20
20
20
20
Year 3 Jobs
10
10
10
Years 4 Jobs
5
-5
Total Jobs
25
45
55
60
55
Base Credits ($3,500 x total jobs)
$87,500
$157,500
$192,500
$210,000
$192,500
Joint Development Authority Bonus ($500 x total jobs)
$12,500
$22,500
$27,500
$30,000
$27,500
Port Activity Bonus ($1250 x total jobs)
$31,250
$56,250
$68,750
$75,000
$68,750
Total Job Tax Credits Per Year
$131,250
$236,250
$288,750
$315,000
$288,750
Total Job Tax Credits Over 5 Years
$1,260,000
Could Your Business Benefit from a Georgia Jobs Credits Study?
With our team of tax credit advisors, you have one point of contact walking you through the process.
Behind the scenes, our experienced team of accountants, attorneys, and engineers work through your paperwork to first qualify you for the various available programs and then quantify the available benefits.
When our work is done, you have a completed study ready for filing in coordination with your primary CPA.
Are You Ready for a GA Job Tax Credit Consultation?
Simply schedule a risk-free call with our team at your convenience. We’ll be happy to answer your questions and there is no bill.
We only invoice once our studies are complete and your available credits have been established.
Note: We are happy to talk through your eligibility for other programs at the same time including R&D tax credits, Clean Energy incentives, 179d eligibility, cost segregation, and provide you with an ERC consultation.
Founder & CEO Mike Woeber Talks CTA Culture & How We Partner with Accounting Firms to Ensure Amazing Results for Clients
“I spent 24 years in public accounting…and during that time, I saw a need for very specialized services. Things that you would think a CPA firm would do, but they are not really staffed up for or have the right personnel to do….We want our employees to do two things:
We want them to do a very defendable and solid credit incentive delivered to the client.
And we also want them to be sure the client is happy while we do it.”
Schedule Your Consultation Partner with CTAOur Mission:
To educate and advise our clients of tax incentives in a Collaborative, Timely, and Accurate manner.
Some Representative Examples of Our Work
Service: Job Tax Credit
Industry: Metal Fabrication
Location: Atlanta, GA
Company Size: 85 Employees
Background: Family-owned small business specializing in high-quality parts for aviation within all branches of the military.
Result: Client attended one of our tax seminars, learned about the Job Tax Credit, and requested a meeting. Working with the client and their CPA, we were able to eliminate all of their income tax and payroll tax liabilities for 5 years (over 500k in tax credits).
Service: Job Tax Credit
Industry: Assisted Living
Location: Statesboro, GA
Company Size: 1,500 Employees
Background: The company was operating at an overall loss and did not think there was any benefit available from the Job Tax Credit.
Result: After we worked with them and their CPA to evaluate all of their qualified benefits, we were able to generate over $5 Million in payroll benefits, and they won’t have to pay any payroll withholding for the next 10+ years.
Professional Recognition
Our firm is recognized as one of the leading specialty tax advisory firms in our industry throughout the nation. By combining our expertise, experience, and the energy of our staff, each client receives close, personal, enthusiastic, and professional attention.
Our high standards, service, and specialized staff make all the difference when comparing CTA to other firms. We make sure that every client is served by the expertise of not only their personal account manager, but our entire firm.
Our Process Pays for Itself:
Step #1: INTRO CALL
Determine Whether You Qualify
You choose a convenient time on our availability calendar for us to ask you some basic questions about your business and determine whether or not you are a candidate for the various incentives in which we specialize.
Step #2: RESEARCH & PREPARATION
Run the Study & Analysis
Working in unison with your team & your primary accounting firm, we gather the requirements and make the calculations that determine the value of the credits or incentives as required by law.
Step #3: COMPLETION
Complete the Filing & Receive the Credit
Once we determine the credits available and have everyone’s approval, we prepare the filings for submission by your firm (along with other filings you/they may be handling) and invoice for our services.
