Nonprofit Blog

The Georgia Angel Investor Tax Credit is designed to incentivize investors to support start-ups located within the state of Georgia.  The credit allows a reduction of tax owed to the state of Georgia dollar-for-dollar until the entire amount has been used or there is no longer any tax owed.  Any unused credits can be carried forward and used within five years.  The credit is equal to 35 percent of the amount invested in a qualified start-up during 2014 and 2015, with a maximum credit allowable per investor per year of $50,000.  For example, an investment of $100,000 could generate a credit of $35,000, which would reduce current Georgia tax to $0 if taxable income was $583,333.

IC-DISC is the last export incentive remaining after the 2004-2006 changes to the Extraterritorial Income Exclusion. Fortunately, it became even more attractive in the wake of the Job and Growth Tax Relief Reconciliation Act of 2003.

The Purchasing Managers Index (PMI) Report is underwritten by the Manufacturing and Distribution Group of Smith & Howard, an Atlanta accounting and advisory firm, and is produced monthly by the Econometric Center at Kennesaw State University.
 
Georgia’s Purchasing Managers Index (PMI) — a reading of economic activity in the state’s manufacturing sector — fell by 3.9 points from 53.9 to 50.0 in January.  

At the end of April, the IRS released its final report on the findings from its Colleges and Universities (C&U) Compliance Project. Several years ago, the IRS sent questionnaires to 400 randomly-selected colleges and universities.  Based on the responses received, the IRS selected 34 schools for examination.