You have probably heard your clients say they don’t want any more projects because they are too busy. We see many businesses where the equity owners want the tax credits, but their administrative team has other priorities (and there is nothing in it for them personally). Here are a few points that could help when you talk with your clients:
- The $$ benefit is available NOW - The client pays Georgia income taxes and has installed new software. But with the one year amended tax return limitation, this tax credit may be gone forever (you snooze, you lose).
- All the information you need is fresh - vendor invoices, HR/payroll data, and employee training information (so it’s easy to gather).
- Benefit to everyone - The tax credit $$ can be re-invested into the business to help it be more successful and grow (maybe pay raises for employees?).
We recently helped a 16-employee physician practice get a credit of over $17,000 for their new EMR software. The practice manger said she spent about 1 hour over the entire duration of the project. Her value added was over $17,000. How many projects can provide hard ROI of $17,000/hour net-after-tax cost savings to a business?
Your clients need your help to see the bigger picture of tax credit benefits and to understand that priorities may need to be temporarily changed.




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