Technical Colleges Can Help Your Clients
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We recently visited with Pam Griffin, Director of Organizational Development at Georgia Quick Start (click here). She leads the Retraining Tax Credit program for the entire State of Georgia, working with the Vice Presidents of Economic Development (VP ED) at each technical college.
Pam told us that there are no Retraining Tax Credit program changes planned for 2013. However, the technical colleges are continuing to consolidate, with new VP EDs at some locations. Also, there is a big drive by the technical colleges to reach out to businesses and provide more training services, focused on local needs.
Best kept secret - the colleges can provide in-house and customized training for your clients. Examples: OSHA training, LEAN Manufacturing, Welding, and Certified Customer Service Specialist program. Many of these training programs also qualify for the Retraining Tax Credits.
So encourage your clients to take advantage of the training services available at their local technical colleges. They'll obtain better skills, and maybe tax credits as well.
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Moving to the Cloud
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We are hearing about many companies moving their business systems to the cloud. But this change may be more than just moving from a server located at their company to a server "in the cloud." Even though your client may be staying with the same software vendor, they may be required to upgrade to a newer version of software. This upgrade may require employee training, which may qualify for Retraining Tax Credits. During your reviews with existing clients and visits with prospective clients, ask about their IT plans -- you may just find that behind your client's cloud, there may be a tax credit! (sorry but I had to say it).
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Healthcare -- ICD-10 Update
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Although ICD-10 will not be implemented until 2014, many EHR software vendors are starting to educate their users about the upcoming ICD-10 changes. Physician practices are doing readiness assessments, IT reviews and workflow changes. Many of these activities may qualify for retraining tax credits in 2013. Talk with your healthcare providers about their plans for ICD-10 and make sure they know that the retraining tax credit may help.
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About Us------------------------------------------------------------------------- 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. |