In a recent article published in Hypepotamus, Stephen Bradshaw provides guidance to three Georgia tax credits that can benefit technology startups, saving their founders and any investors money. The first tax credit that Bradshaw addresses is the Angel Investor Tax Credit, which is a Georgia income-tax credit that an investor can use against his or her own taxes. It’s a 35 percent credit of the investment that the angel investor makes into a tech company. Retraining Tax Credit, another example, is for a tech company that trains its employees on new software or hardware. The company can receive up to 50 percent of the costs of the retraining as credit.
Finally, Bradshaw addresses the Job Tax Credit, which can be a huge benefit to startups. If the company hires at least two people from a particular economically distressed zone, they get a job tax credit per employee over the period of five years. To read the full article, click here.