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Georgia Job Tax Credit change benefits companies affected by COVID-19

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....

COVID-Related Tax Relief Act of 2020 Provides Corporate Tax Benefits

Dec 27, 2020 by Maureen Hourihan

The President signed the COVID-Related Tax Relief Act of 2020 (COVIDTRA) and government funding bill into law today. Many of the provisions of COVIDTRA will benefit Silverlode clients, including the following extensions and expansions:

  • Federal Empowerment Zones (FEZ) and Work Opportunity Tax Credit (WOTC) - Five year extension
  • Indian Employment Credit (IEC)...

    JobsOhio Reduces Requirements for R&D Center Grant

    Dec 07, 2020 by Dennis McAndrew

    JobsOhio recently announced significantly reduced job creation and investment requirements for its Research & Development Center Grant program. These lower requirements represent a tremendous opportunity for companies looking to invest in Ohio.

    This program is intended to facilitate new strategic corporate R&D centers in Ohio. JobsOhio is focused on developing and...

    Overlooked Indian Employment Tax Credit Opportunity

    Oct 30, 2020 by Julia Dietz

    The Federal Indian Employment tax credit is a lucrative and often overlooked business tax credit. The credit equals 20% of an employee’s wages and companies can claim a federal tax credit of up $4,000 per employee.

    Many companies who qualify for this credit do not capitalize upon this opportunity because of...

    Time Sensitive Federal Incentives Programs

    Sep 01, 2020 by Maureen Hourihan

    The deadline for filing 2019 federal taxes is fast approaching. Businesses that have qualified locations and employees may take advantage of the following federal tax credit programs:

    • Federal Empowerment Zone (FEZ) employment credit – Credit of up to $3,000 per eligible employee who lives and works in a zone.
    • Indian Employment Credit...