Betsi Barrett Discusses R&D Tax Credits in the Atlanta Business Chronicle | Bennett Thrasher Skip to main content
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Betsi Barrett Discusses R&D Tax Credits in the Atlanta Business Chronicle

Betsi Barrett Discusses R&D Tax Credits in the Atlanta Business Chronicle

by sevaa

By February 11, 2016September 18th, 2021News

Bennett Thrasher Senior Manager Betsi Barrett provides insight in a recent article in the Atlanta Business Chronicle that examines how the R&D tax credit is an untapped program that businesses should be aware of to reap its benefits. Barrett explains that Georgia uses a “gross receipts ratio calculation” to determine a base amount, which must be exceeded before a credit is generated. “As a country, we are not very competitive worldwide in terms of this type of credit,” Barrett said. “We are roughly the 25th in the world, not far from the bottom.” With Georgia being one the few states that allows the credit to offset state payroll withholding tax, there will likely be an increase in the number of businesses that begin to take advantage of the program. Click here to read the full article.