$2.7 Million Georgia Jobs Credit

ga-tax-creditsThis company, audited by a Big 4, had a complex history, including several acquisitions and divestitures and a corporate headquarters move from out-of-state to Georgia. The company began adding jobs in Georgia in the mid-90’s. For whatever reason, the Big 4 firm had not advised the client to claim Georgia jobs credits, credits the client clearly was entitled to claim. The problem was, by the time we got involved with this company, most of the jobs had been added in back-years. Seemingly the statute of limitations in Georgia (usually three years) had closed. Through our insight, we identified two unique rules that enabled us to go “way back” into seemingly closed years, and secure a $2.7 million credit for the client.

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In Summary, Barnwell Consulting, LLC can:

  • Find state income/franchise tax refunds and have collected millions of dollars in cash refunds
  • Assist with altering corporate structure when good business purpose exists, to help lower state income tax liabilities
  • Assist with FIN 48 accruals, but more importantly with strategies to resolve FIN 48 uncertainty projects that help companies lower the state effective tax rate.
  • Handle complex income and sales/use tax audits and have been successful in eliminating or reducing material assessments
  • Assist clients with SALT issues in acquisitions and divestitures
  • Identify credits and incentives, which fall into two broad categories, statutory and negotiated. With respect to the former, we see our job less as identifying statutory credits – and more focused on whether our client has fully recognized the credit, and obtained the maximum possible benefit.