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Alpha-Mail                                               logo web sm 12mb
 A Tax Professional's Guide to Credits and Incentives, Courtesy of Alpharesults
 Vol. VIII No. 13 December 2014
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In this issue
How Do I Talk to My Clients About Tax Credits?
2015 Georgia Job Tax Credit Tiers Available

Hello!

Welcome to Alpha-Mail, the monthly newsletter about tax credits and incentives for tax professionals.

This month, learn more about how to talk with your clients about tax credits (if you've never done that before)!  Also, the Georgia 2015 Job Tax Credit Tiers and Zones are out, so find out about those.  We hope you can use this information to strengthen your client relationships! 

 

Thank you for reading Alpha-Mail -- please click reply to tell us what you think.

 

All the best, 

Dale&JimSigsSM1     

 Dale Stapler    Jim Tinsley
     Alpharesults, LLC 

 

 

 


How Do I Talk to My Clients About Tax Credits?                     
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CPAs frequently ask us about situations where they have never discussed tax credits with existing clients. This can be awkward, since your clients depend on your advice about all tax matters, business and personal. Sometimes we hear our clients ask us "why didn't my blankety-blank CPA tell me about these tax credits?" Ouch.  So how should you handle this? Here are some ideas based on our discussions with CPAs and our clients:

  • Be proactive. Reach out to clients and let them know there are many incentives out there (the fall-on-your-sword approach). Tell them that these incentives can be complex and political (such as the recent "Tax Increase Prevention Act of 2014" signed by President Obama). Your utlimate goal is to provide for their needs today as well as their plans for the future. Things may have been overlooked in the past, but you want to focus on assistance you can provide going forward. It may be better to tell your clients NOW and take the heat, rather than have one of your competitors tell them!

 Sometimes the proactive approach won't work.  In that case: 

  • Be reactive! Wait until they bring it up (the let-sleeping-dogs-lie approach). Some clients may not want to be bothered with incentives or other tax details. But remember, these clients may hear about tax credits anyway from a competitor, at the country club, in a newspaper article, or even from their spouse! You need to be prepared to reply just in case.
  Either way, don't overlook these incentives! Make sure you discuss your clients' business plans. Qualifying activities (for the future and prior years) may provide hidden tax credits that will benefit your clients and help you retain them.
 

 

JimSig  

 

 


2015 Georgia Job Tax Credit Tiers Available             
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The 2015 Job Tax Credit tier ranking details have been released by the Georgia Department of Community Affairs (click here) . In addition, a "Notice Of Intent" may need to be filed to maintain your clients' Job Tax Credit tier, zone, or Less Developed Census Tract designations - the form must be filed by Feb. 15, 2015 (click here).

 

So please remember to review your clients' plans for 2015. Job Tax Credits may be available if they plan to increase employment levels, open new locations or change locations in Georgia, or buy another company.

 

DaleSig  

 

   

 


About Us
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Alpharesults has assembled a team with the specialized knowledge and approach required to obtain state tax credits and incentives.  We are not a public accounting firm.  Rather, our business 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 with a wide variety of accounting firms.  For more information on our services, follow this link

 

Quick Links...
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Contact Information
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email:  alpha-mail@alpharesults.com                   phone: 770-667-1332
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