As we've mentioned before, our Georgia clients frequently ask us to investigate potential credits and incentives in other states where they have operations, potential acquisitions or strong relationships with customers or vendors. In addition, private equity groups ask us about potential $$ for their portfolio companies.

One of our partners recently asked about credits and incentives for a client location in Wisconsin. I was able to speak with a Wisconsin economic development professional and learned some of their details (In Wisconsin's Wisconsin Economic Development Corporation (WEDC) site click here).

• Manufacturing and Agriculture Credit - Virtually eliminates the tax on income from manufacturing activity in the state for qualifying activities
• Economic Development Tax Credits - Available for the creation or retention of full-time jobs, based on the wage range, number of jobs, and other factors.  Pre-approval required.
• Training Grants - Available to businesses to upgrade or improve job-related skills of full-time employees

• Higher taxes:  Far higher corporate income taxes.  Higher personal income taxes.  Higher sales taxes and higher property taxes.
• A similar range of industries eligible for incentives if adding jobs, a similar range for capital investments, and a far narrower range for training incentives.     
• FEW opportunities for incentives unless pre-approved by state and/or local officials.
• Upper Midwest location -- if that's what is important to the business 

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.