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 clients recently asked about credits and incentives for their location in Maryland. I was able to speak with some Maryland economic development professionals and learned some of their details (Maryland Dept. of Business & Economic Development site click here).

• Higher taxes:  Much higher corporate income taxes.  Much higher personal state & local income taxes.  Higher sales taxes and higher property taxes.
• A narrower range of industries eligible for incentives if adding jobs, a far narrower range for capital investments, and far fewer incentives for training and workforce development.     
• NO opportunities for incentives unless pre-approved by state officials.
• Location, location, 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.