Feb 08, 2021 by Julie Dietz
As we begin the filing season for tax years beginning on January 1, 2020, Georgia has recently made a positive change for companies negatively affected by COVID-19.
Georgia House Bill 846 allows businesses who calculate the Georgia Job Tax Credit to use 2019 headcount for their 2020 and 2021 credit reports. The bill also allows certain telecommuting employees to qualify for the credit for tax years 2020 and 2021.
By choosing to use 2019 headcount, companies with employment losses in 2020 can preserve employment gains and maintain tax credits. Please contact Julie Dietz to learn more.