On this episode of Credible Sources, we dive into the Georgia Job Tax Credit and Investment Tax Credit, exploring how these incentives drive job creation, spur investments, and benefit businesses. Stephen MacNeil, TaxCredible Chief Knowledge Officer, will break down eligibility, share success stories, and highlight the opportunities these credits offer.
In this episode, Stephen MacNeil discusses the latest update from the IRS released on September 14, 2023, along with our immediate reaction. Discover what these developments mean for individuals filing for the ERC and how it could impact your claims. In their recent announcement (IR-2023-169), the IRS has taken a bold step to address the overwhelming influx of improper ERC claims flooding their system. To tackle this issue, IRS Commissioner Danny Werfel has ordered an immediate moratorium on processing new ERC claims, effective until the end of the year. Rest assured, claims that have already been filed will continue to be processed, albeit at a slower pace. However, it's important to note that the standard processing time of 90 days is expected to extend to 180 days and potentially even longer if selected for review or audit. Stay tuned to learn more about the implications of this decision and how it could impact your ERC filing process.
Stephen MacNeil, Chief Knowledge Officer for TaxCredible, is joined by Jonathan Warner, the Director of Training & Development and an expert in the Georgia Retaining Tax Credit. You'll learn the details of this credit and what software and training programs qualify.
To learn more about the GRTC: https://www.taxcredible.com/blog/ga_jtc
Have questions? Contact us: https://www.taxcredible.com
We are thrilled to announce the launch of our new podcast, the Credible Sources podcast, brought to you by TaxCredible. Building upon our commitment to provide the latest updates about tax incentives, this podcast aims to share valuable insights and strategies to help your business or clients make the most of these credits and ultimately save money. Whether you are a seasoned CPA or an entrepreneur just starting out, our podcast will serve as a trusted resource, offering expert advice and practical tips to navigate the complex world of tax incentives. Stay tuned for our upcoming episodes, where we will bring together industry experts and thought leaders to discuss the latest trends and developments in this ever-changing landscape.
We look forward to having you join us on this exciting journey!