Georgia Sales Tax On Labor
The basis for a taxable sales price for an item sold in Georgia includes both the cost of materials used and the labor involved. Categories of Labor in Georgia The Georgia Department of Revenue (GDOR) separates labor into different categories. Below are the most common types of labor, each defined clearly: 1. Repair Labor Labor […]
IRS ITIN Renewal
Renewing Your ITIN? Things You’ll Need Some Individual Taxpayer Identification Numbers (ITIN) expire at the end of 2016. The IRS issues an ITIN to individuals who have a filing or reporting requirement but don’t have and are not eligible to get a Social Security number. If you need to renew your ITIN, you should submit […]
Airbnb Georgia Sales Tax
Airbnb is a great choice for guests deciding between a pricey hotel with high hotel taxes. However, there are contingencies tied to hosting Airbnb guests, and the list continues to grow. Zoning and Land Use Compliance Land Development Code Atlanta’s Land Development Code, Part III of the Code of Ordinances, governs most land use in […]
Healthcare Information Reporting For Employees
Health Care Information Reporting: Seven Things Employers Can Think About Now If your organization is an applicable large employer (ALE), you must report information about the health care coverage you offered to your full-time employees. As an employer, it’s not too early to start thinking about these seven facts related to your information reporting responsibilities […]
Georgia Gas Tax Audit
Overview of the Transportation Funding Act of 2015 One of the most significant bills enacted by the Georgia Legislature in 2015 was the nearly billion-dollar Transportation Funding Act of 2015 (HB 170). A key provision of the bill was a change in Georgia’s gasoline tax, taking effect on July 1. Georgia’s Previous Gas Tax Structure […]
IRS Affordable Care Act Reporting Employers
Overview of ACA Reporting Requirements Under the Affordable Care Act (ACA), certain organizations must report information to the IRS and individuals about health insurance coverage. The reporting requirements apply to: ACA information returns and transmittals are electronically filed through the ACA Information Return (AIR) system. ACA Assurance Testing System (AATS) The ACA Assurance Testing System […]
Georgia Sales Tax on Manufacturer Rebates
Georgia sales tax on manufacturer rebates Coupons: Merchant and Manufacturers Sales price reductions arising from the use of coupons or coupon codes are treated in the same way that discounts are. We normally refer to these as “store” or “manufacturer’s” coupons. Store Coupons Store coupons are price reductions offered directly by the retailer and are not […]
Georgia Retraining Tax Credits
If you are considering moving your company to Georgia, you are not alone, especially if you have employees that require training. Retraining tax credits enable Georgia businesses to offset their investment in employees. Training employees can be one of the greatest hurdles and reasons why employers shy away from hiring. Whether retraining workers to use […]
Georgia Investment Tax Credits
Georgia has been dubbed the Singapore of the United States. The state has spurred economic growth by handing out tax credits for companies moving down south. Investment tax credits help Georgia businesses grow by making it more affordable to expand and improve facilities. Eligibility for Georgia Investment Tax Credits Companies in manufacturing or telecommunications support […]
Georgia Sales Tax Exemption Certificate
Importance of Proper Documentation in Sales Tax Audits When you are under a sales tax audit and want to convince an auditor that you sold merchandise to other non-retailers, you will need to produce Form ST-5 for the wholesalers that you sold merchandise to. There is no sales tax liability on raw materials. These are […]