In 1996, Ray Wallace noticed that companies were having difficulties claiming the Georgia Retraining Tax Credit. The complexity of the process was a big drain on companies’ resources, but Ray had some ideas for making it easier.
A CPA who had specialized in income tax for over 25 years, Ray knew that without training expertise to support the credit application process, accountants were only seeing part of the picture.
He also recognized a need in the process for regulatory insight into the State’s rationale for granting these credits in order to present training expenditures optimally.
To satisfy these key needs—Training Expertise, Accounting Expertise and Regulatory Insight—Ray assembled a team of experts including:
- former operational head of the Retraining Tax Credit in Georgia
- former Vice-President of Economic Development, DeKalb Tech
- former Corporate Tax Conferee for Income Tax Credits, Department of Revenue
- accounting and training executives from both private & public companies
Today with this team, WALLACE has been able to create a proven process for helping its clients maximize their retraining tax credits. In fact, since 2000, WALLACE has prepared over 30% of all of Georgia’s Retraining Tax Credits.
WALLACE also specializes in all of Georgia’s BEST (Business Expansion and Support) tax credits and similar tax credits in other states as well.
We welcome you to call, email or stop by for a cost free and risk free analysis of the Tax Credit opportunities available to you. We are located in Alpharetta, east of GA400 at exit 10.
We hope to hear from you soon.
