Georgia Audit, Tax and Consulting Offices

Georgia Insights

State tax law changes for the first quarter of 2021

A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending March 31, 2021.

Georgia jobs tax credits available to businesses hiring telecommuters

Georgia has expanded the state jobs tax credit to apply to businesses hiring telecommuting employees in 2020 or 2021.

Georgia updates conformity following CARES Act

Revised conformity excludes certain net operating loss and excess business loss provisions effective for 2019 tax years.

Georgia amends various tax credits

The Historic Rehabilitation Credit, Quality Jobs Tax Credit, and Manufacturing Investment Tax Credit are all impacted by new legislation.

Georgia provides guidance on data center equipment exemption

Department clarifies that the high-technology data center equipment exemption is available to customers of data centers.

Georgia provides guidance on economic sales tax nexus

The Georgia Department of Revenue has issued guidance on the state’s new economic sales tax nexus provisions effective Jan. 1, 2019.

IRS expands Hurricane Irma tax relief to all counties in Georgia

The IRS expands tax relief for taxpayers and return preparers located in Georgia and affected by Hurricane Irma.

Hurricane Irma relief comes for retirement plans

Employee benefit plans affected by Hurricane Irma may find regulatory relief provided by the IRS, Department of Labor and PBGC.

Georgia Tax Tribunal rules Texas franchise tax is an income tax

The Georgia Tax Tribunal determines that Georgia resident individuals who own interests in flow-through entities may deduct Texas franchise tax paid.