The Peck Group, LC
  • Comprehensive Tax Law Representation Since 1995

    We handle every aspect of tax law: preparing tax returns, representing clients during audits, resolving IRS and state tax controversies, and creating tax planning strategies for the future.

  • Problems With The IRS Or State Tax

    Our attorneys are committed to providing efficient and effective tax solutions for individuals and businesses in Georgia and nationwide.

  • Planning For The Future

    Our lawyers help individuals and businesses with all aspects of estate and tax planning. We help our clients use proactive strategies to minimize tax implications in the future

  • Changing The Balance Of Power

    Does it feel like the government has all the power? Taxpayers have rights, too. We use our knowledge of tax law to shift the balance of power and ensure that your rights are protected.

  • Tax Solutions … And Peace Of Mind

Earning special tax credits through business strategies

With the end of the year approaching, many Georgia business owners turn their attention toward filing taxes in the upcoming year. There are numerous considerations to make, but savvy entrepreneurs can drastically reduce the amount of money they owe by qualifying for Georgia tax credits

Whether your business just opened or has been around for years, it is never a bad time to look into reducing the amount you owe in federal and state taxes. There may not be enough time this year to implement certain measures to reduce taxes, but you can keep these points in mind next year so that you save more money that you can invest into your business. 

Retraining employees

Employers should always look for ways to make employees more competitive in the workforce. Investing in your workers not only makes them better capable of handling changes in the marketplace, but you can write off any expenses retraining entails on your taxes. You can write off travel expenses, employee wages during those retraining sessions and the cost of any instructors. 

Creating new jobs

Hiring new workers helps your community, and it qualifies your business for the Job Tax Credit. Businesses in the following industries can qualify:

  • Tourism
  • Telecommunications
  • Research
  • Warehouse
  • Broadcasting
  • Manufacturing

The total amount of the tax credit depends on where exactly in the state you created the new job. If you create a new job in an area that requires a lot of economic assistance, then you will qualify for more deductions. 

Hiring veterans or ex-felons

There are many individuals who face significant obstacles in getting a job. These include veterans and ex-felons, which is why the government offers tax credits to business owners who are capable of hiring these individuals. 

Filming

An increasing number of film projects choose to film in Georgia due to the hefty tax credits available. Some television shows have taken advantage of these credits.

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The Peck Group, LC
5855 Sandy Springs Circle N.E., Suite 190
Atlanta, GA 30328

Phone: 770-884-6914
Fax: 770-933-2369
Atlanta Office Location

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