Physician Practice Tax Credits NOW
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The new Federal incentives for electronic health records (EHR) technology start in 2011.
In order for a provider to show the required "meaningful use," the system needs to be installed and operating in 2011. We have seen many practices start their implementations NOW so they can be ready to meet this requirement.
Talk with your physician practice clients soon to let them know they can potentially benefit from this federal incentive AND the Georgia Retraining Tax Credit. In most cases the state credit can equal or exceed the federal benefits!
If your client is a C Corporation, they may be able to benefit from the state tax credits in the future if they can convert to an S Corporation (and keep the same tax ID number).
With all of the $$ pressures on health care, every incentive helps!
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Tax Credit Show -- Caution
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Based on all the headline news and banners, I thought I was at a tax credit show.
Last weekend, my wife & I went to a big home improvement show. As we entered the exhibit area, it seemed like every booth had something about tax credits. Air conditioners, windows, insulation - you name it and you would hear something about tax credits.
I asked a painting contractor about tax credits. He replied that there must be one somewhere since everyone else has one available!
From what I saw, the energy tax credit $$ are small and may not be not worth the time and effort.
With tax season going strong, I am sure you are hearing some unusual questions about energy tax credits. Caution your clients that these credits may sound great, but not much $$ after all the effort.
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About Us
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Alpharesults has assembled a team with the specialized knowledge and approach required to obtain Georgia income tax credits. We are not a public accounting firm. Rather, our services complement those of public accounting firms and do not create conflicted loyalties, because our professionals do not perform attestation work or other external audit functions.
We focus on small to medium-sized businesses and work exclusively in Georgia with a wide variety of in-state and out-of-state accounting firms. For more information on our services, follow this link.
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