10/13/11 - WALLACE JOINS ADP
To the valued clients of WALLACE:
We are pleased to inform you that WALLACE – The Training Tax Credit Company (“W. Ray Wallace & Associates”) is now part of Automatic Data Processing, Inc. (ADP).
In sharing this news, we want to assure you that ADP is fully committed to providing you with the tax credit services you have come to trust from WALLACE and to serving your future needs. Though company founder and CEO Ray Wallace will be retiring from day-to-day operations, you will continue to work with the same team of dedicated Georgia Retraining Tax Credit experts from WALLACE, including firm President Peter Green. Your team will still be based in our offices in Alpharetta, Ga., and we anticipate a seamless integration. Our goal is to continue to provide you with the same excellent service we have for years and conduct “business as usual.”
By becoming part of ADP, we at WALLACE are joining a solid and reputable company. ADP has a 32-year track record in tax credits and incentives and performs approximately 45 percent of annual Work Opportunity Tax Credit (WOTC) certifications nationwide. More than 3,000 companies – from Fortune 1000 corporations to mid-sized businesses – trust ADP’s tax credits and incentives services. We are pleased to align ourselves with an organization regarded for its innovative solutions, industry-leading expertise and extraordinary client service.
We invite you to read the news release announcing ADP’s acquisition of WALLACE and reach out to your primary contact at WALLACE with any questions. As a new ADP client, you now also have access to a significant number of professionals covering tax credits and incentives beyond the Georgia Retraining Tax Credit, and an ADP representative will be in touch with you directly in the weeks ahead to discuss how its full suite of tax credits and incentives services can benefit your business and lower your effective tax rate (ETR). We also are hosting a webinar Tuesday, Oct. 25 at 1 p.m. Eastern, during which Peter Green and ADP’s Kerstin Nemec will answer questions about the integration and introduce the expanded services now available to you. Please look for an invitation with registration information in your email soon.
It has been a pleasure serving you as WALLACE, and we hope you share our excitement for the firm’s bright future as a part of ADP.
Sincerely,
Ray Wallace Peter Green
Founder and CEO President
WALLACE WALLACE
Archives:
9/21/11 - WALLACE welcomes Metcam as a new client.
Metcam is a fabricator of sheet metal.
9/2/11 - WALLACE will be sponsoring SHRM-ATL and COST conferences in October!
WALLACE will be sponsoring the SHRM-ATL Fall conference on October 17th and 18th. Please come stop by our booth!
WALLACE will also be sponsoring the fall COST conference in New Orleans. Stop by our booth and register for a chance to win a 50 inch flat screen!
8/17/11 - WALLACE Fall Golf Outing
Our Fall golf outing will take place at the Golf Club of Georgia, A date is still yet to be determined. Stay tuned!
6/28/11 - WALLACE is honored at the Top Small Businesses of the South awards ceremony!
WALLACE was honored last night at Maggiano's Buckhead as one of the leading Top Small Business of the South award winners! WALLACE ranked #5 in the Atlanta Market and also as a whole WALLACE ranked #25 in the Top Small Businesses of the South!
More pictures from this event will be coming soon!
6/27/11 - WALLACE is proud to welcome Tenet Healthcare as a new client.
Tenet Healthcare Corporation is one of the largest investor-owned health care delivery systems in the nation.
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6/14/11 - WALLACE is proud to welcome Quest Diagnostics as a new client.
Quest Diagnostics is a leader in diagnostic laboratory testing, information, and services.
6/9/11 - WALLACE is proud to welcome TitleMax as a new client.
TitleMax is one of the largest title lending companies in the United States with more than 500 Stores in seven states.
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6/7/11 - WALLACE is proud to welcome Greenway Medical as a new client!
Greenway Medical is a provider of EMR and EHR software solutions and infrastructures for medical practices and hospitals.
5/23/11 - WALLACE is proud to welcome Target as a new client.
Target is a major U.S. retailer.
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5/20/11 - WALLACE makes the news!
Look out for a special WALLACE article in the Atlanta Business Chronicle! Below is the link to the WALLACE article:
http://www.bizjournals.com/atlanta/print-edition/2011/05/20/firm-focuses-on-helping-clients-get.html
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5/10/11 WALLACE is proud to announce CSX as a national client.
CSX is a leading international transporation company.
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4/18/11 - WALLACE is proud to announce SYSCO as a new client.
SYSCO is a leading U.S. food distributor.
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4/6/11 - WALLACE is proud to announce Crawford Media Services as a new client.
Crawford Media Services is a leader in the electronic media services industry.
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3/31/11 - WALLACE offically is a national firm!
WALLACE is now hard at work growing into other states!
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3/31/11 - WALLACE is proud to announce Ole Mexican Foods as a new National Client.
Ole Mexican foods is a wholesale spanish food producer.
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3/24/11 - WALLACE Legislative Update
The Special Joint Committee on GA Revenue Structure announced a new plan for revising the tax code in Georgia. This will result in a Bill to be introduced next week that will move very quickly to the Governor for signing.
The great news is that there is no mention of tax credits being done away with, or adjusted.
The first thing that the chairperson said was, “No tax credits will be affected” .
He said that they heard loud and clear “from the folks back home”, what was not acceptable in the previous bill.
We want to thank all of our clients and others that we reached out to, for letting the lawmakers know what businesses want in Georgia.
After discussing taxing services and private motor sales and how personal income tax will be reduced, they finished the meeting stating that they want to send a clear message to businesses in Georgia and businesses considering Georgia, that Georgia is open for business and there should be no fear of losing tax credits or exemptions.
Good news indeed.
The Department of Economic Development is considering adding some tax credit enhancements to an existing Bill. This improves the Job and investment tax credits a little and will be good if it moves.
WALLACE will continue to keep you updated as the legislative session continues.
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3/18/11 - SHRM ATL April Chapter Meeting
SHRM - Atlanta
April Chapter Meeting
Speakers: Coby Brooks, President and CEO of Hooters of America and
Joel Manby, President and CEO of Herschend Family Entertainment Corporation
WALLACE Invites You To Be Our Guest!
Thursday, April 21, 2011
5:00pm-7:30pm
The Westin Atlanta Perimeter North
Going Undercover & How It Adds to Corporate Strategy and HR Excellence
Attend as a WALLACE guest at NO COST!
Limited seats are available so reserve your spot TODAY!
R.S.V.P.: 770-772-0252
https://m360.shrmatlanta.org/event.aspx?eventID=24116&instance=0
3/23/11 - WALLACE is proud to announce Ed Voyles as a new client.
Ed Voyles is a major metro Atlanta automotive group.
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3/17/11 - WALLACE is proud to announce Chromalloy as a new client.
Chromalloy is one of the world's largest non-OEM providers of advanced coatings, repairs and replacement parts for gas turbine engines.
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3/14/11 - New House Bill Eliminates all Tax Credits in Georgia
HB385 has gotten a lot of attention over the past few weeks because it proposes taxing groceries, cigarettes, services and income to the elderly.
However, what is not getting much attention is that this Bill also calls for the Repeal of all Corporate Tax Credits in Georgia.
Jobs, Investment, Retraining, Film, R&D, Low & Diesel Emissions, and Child Care Tax Credits would all be affected.
What makes it even worse, is that there is nothing in the Bill to replace these tax credits for existing business in Georgia, or anything to attract new business to Georgia.
For you, this means the loss of any tax credit dollars you currently receive or could in the future. For Georgia, it means the loss of new business to surrounding states.
Most say that it is so ridiculous that it will never get passed. However, there is a lot of support for taxing groceries and the fear is that the Bill, or a version of it, will pass based on that.
Join me in letting the people responsible for this Bill know that we do not agree with repealing tax credits in Georgia. This section of the Bill must be removed.
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2/23/11 - WALLACE is proud to announce Selig Parking as a new client.
Selig Parking operates valet service in parking lots throughout metro Atlanta.
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2/15/11 - WALLACE is proud to announce E-Z-GO as a new client.
E-Z-GO is a leading manufactuer of golf carts.
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2/14/11 - WALLACE will be sponsoring the 2011 Spring COST Event
WALLACE will be sponsoring the 2011 Spring Sales and Use COST event in Atlanta on March 8th. We hope to see you there!
When: March 8th
Where: GA Tech Hotel and Conference Center
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2/4/11 - WALLACE is proud to announce Meredith as a new client.
Meredith is a media and marketing company, involved in magazine and book publishing, television broadcasting and brand licensing. Meredith owns 12 television stations including CBS.
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1/14/11 - Legislative Tax Council Updates
In 2010, the Special Council on Tax Reform and Fairness for Georgians (the "Council") was charged with reviewing Georgia’s tax code for fairness and to make recommendations for modifying the law to make Georgia a more business-friendly and fair-taxing state.
The Council released its recommendations on January 7, 2011. A brief synopsis of the recommendations follows:
Corporate Income Tax
- Reduce corporate income tax rate to 5% in 2012 and thereafter tie to personal tax rate
- Eliminate all current economic development credits by sun-setting them in 2012 (most major credits)
- Replace eliminated credits with fund to be administered by Department of Economic Development with annual cap set by legislature
- Sunset other corporate tax credits in 2014
- Personal Income Tax
- Replace progressive rate brackets with flat 4% tax rate over three year period
- Tie Georgia taxable income to federal AGI and remove exclusions
- Eliminate standard and itemized deductions and personal exemptions
- Sunset all personal income tax credits in 2014
- Consider allowing Georgia residents to “apportion” their income within and without the state
- Reverse the recently enacted phase-out of income tax on retirement income
Sales Tax
- Eliminate food exemption June 30 , 2011 (except for food purchased with food stamps)
- Eliminate most other exemptions, except those for government sales, business inputs, agricultural inputs, and manufacturing inputs in 2014
- Get rid of sales tax holidays
- Start taxing casual sales of boats, airplanes and automobiles
- Increase range of services subject to sales tax
- Become fully compliant with the multistate Streamlined Sales & Use Tax Act (SSUTA)
Other Recommendations:
- Establish a state tax court to hear tax disputes
- Raise cigarette taxes
- Raise motor fuels taxes
- Reduce insurance company gross premium taxes
The House Speaker’s Office issued a press release shortly before the final report was issued indicating that the recommendations may not be fast-tracked in the legislative session. Accordingly, it is difficult to predict when, if at all, the recommendations will be introduced into legislation in the upcoming legislative session.
The Council’s recommendations contain both positive and negative provisions for Georgia taxpayers. While the reduction in corporate income tax rates is intended to attract businesses, the elimination of tax credits and sales/use tax exemptions plus the expansion of the sales/use tax base could increase tax liabilities and make compliance more challenging for businesses.
Although the reduction of the individual income tax rate would seem to benefit Georgia residents, it is unclear what the overall impact will be as a result of the elimination of most deductions and exemptions. WALLACE will continue to monitor the progress of the Council’s recommendations and will provide future updates.
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1/1/11 - Reminder - NEW Tier Rankings
GEORGIA JOB TAX CREDIT
2011 TIER RANKINGS
The State of Georgia annually releases revised tier rankings for Georgia’s 159 counties based on the economic conditions within each county. The different tiers have unique eligibility requirements which can significantly impact the amount of Job Tax Credits businesses may be entitled to receive. It is important to know the tier of each county where your business is located. The amount of Job Tax Credits range from $750 to $5,750 per job each year for 5 years.
Enclosed with this letter is an updated list from the Georgia Department of Community Affairs depicting the 2011 tier designations for each Georgia county. Listed below are several counties which were negatively impacted by the change in ranking:
From Tier 1 to Tier 2: Baker, Lincoln, Long, Richmond
From Tier 2 to Tier 3: Bibb, Greene, Liberty, Miller, Rabun
From Tier 3 to Tier 4: Chatham, Jones, Lee, Monroe
Counties Leaving the Bottom 40: Stewart, Talbot, Wilkes
For businesses operating in the above counties, the deadline for submitting a Notice of Intent in order to maintain your 2010 tier designation is February 15, 2011. These changes could have a significant impact on the incentives available to your business.
Also, note that the Georgia Investment Tax Credit regulations were amended effective November 10, 2010, to extend the credit carryover period from 5 years to 10 years, and now uses the North American Industry Classification System (NAICS) in lieu of the Standard Industrial Classification (SIC) for credit qualification.
Since 1996, WALLACE has worked closely with the State of Georgia to secure tax credits for our clients in the areas of training, hiring, and investing. Our clients span all industries and range from small but significant to many of the largest corporations in the world. We work only on the tax credits which our clients choose to pursue, and only up to the amount they wish to receive. We get paid solely upon the results from those chosen tax credits. We do the work for you, expertly prepared, with no money left on the table.
As we handle the work, our clients are guaranteed the maximum dollar amount available and the peace of mind that their applications are being prepared with excellence by the industry experts.
For questions regarding how these changes may impact your business, or how to retain the 2010 tier ranking for your business, please contact a WALLACE representative at: (866) 808-9729 x318
Please view our Tier Change 2011 Map.
Peter Green
President
WALLACE – The Training Tax Credit Company
770-772-0252
pgreen@wraywallace.com
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12/31/10 - The WALLACE sales team is growing!
We have two new additions to our sales team, Amanda Turchin and Tobin Mercer. They are eager to hit the ground running in the new year!
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12/17/10 - WALLACE has a record breaking year!
WALLACE has grown by 20% in 2010! A very proud accomplishment!
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11/23/10 - WALLACE is proud to welcome Inglett & Stubbs as a new client.
Inglett & Stubbs is an Atlanta based Electrical contracting company.
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11/23/10 - WALLACE is proud to welcome Cargill as a new client.
Cargill is an international producer and marketer of food , agricultural, financial and industrial products and services.
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11/15/10 - WALLACE is proud to welcome King and Spalding as a new client.
King and Spalding id a prestigious law firm.
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8/5/10 - WALLACE is proud to welcome LabCorp as a new client.
Labcorp has nationwide labortories.
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8/4/10 - WALLACE is proud to welcome Nash-Finch as a new client.
Nash-Finch is a major U.S. food distributor.
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8/3/10 - WALLACE is proud to welcome Kohl's as a new client.
Kohl's is a major U.S. retailer.
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7/30/10 - WALLACE is proud to welcome Cheesecake Factory as a new client.
The cheesecake factory has over 150 restaurants in the U.S.
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7/4/10 - WALLACE is moving and expanding!
We are pleased to announce our successful move to our new location:
11700 Great Oaks Way
Suite 200
Alpharetta, GA 30022
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6/30/10 - WALLACE is proud to welcome Accu-Tech as a new client.
Accu-Tech is a leading datacom distributor that specializes in voice and data plans.
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6/25/10 - WALLACE is proud to welcome Carter's Inc. as a new client.
Carter's is a major manufacturer of clothing for children.
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6/21/10 - WALLACE is proud to welcome Smith Northview Hospital as a new client.
Smith Northview Hospital is dedicated to providing quality healthcare to the Valdosta community.
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6/21/10 - WALLACE is proud to welcome CareSouth as a new client.
CareSouth is a multi-state provider of home healthcare.
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6/21/10 - WALLACE is proud to welcome McLane Company as a new client.
McLane is a major food distribution company.
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6/6/10 - WALLACE is proud to welcome DiversiTech as a new client.
DiversiTech is a manufacturer of airconditioning and heating components.
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6/3/10 - WALLACE is proud to welcome Infiniti of Gwinnett as a new client.
Infiniti of Gwinnett is a greater Atlanta luxury car dealership.
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5/21/10 - WALLACE is proud to welcome DOT Foods as a new client.
DOT Foods is one of the largest food distributors in the United States.
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5/18/10 - WALLACE is proud to welcome Dan Vaden Chevrolet as a new client.
Dan Vaden is a chevrolet dearlership that operates out of Brunswick, GA.
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4/20/10 - WALLACE's Relay For Life Event is approaching!
Alpharetta Relay For Life is this Friday, April 23, 2010 at Alpharetta High School. Come join us for this fun event for such a wonderful cause!!!
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4/19/10 - WALLACE is excited to partner with Home Town Health.
WALLACE was choosen to be a partner with Home Town Health. Home Town Health is an organization that joins selected service providers with over 55 rural hopsitals in the State of Georgia.
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4/15/10 - WALLACE is proud to welcome Griffith Laboratories, Inc. as a new client.
Griffith Laboratories, Inc. is a seasoning company specializing in blends, coatings, bakery and dough systems, and functional ingredients.
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4/15/10 - WALLACE is proud to welcome United Egg Marketing, aka Dixie Egg Company, as a new client.
United Egg Marketing is a major egg producer and distributor in FL and GA.
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4/13/10 - 100% of Our Goal Accomplished!
WALLACE finally reached our 100% Goal of $4,000 for Relay For Life. And WALLACE won't stop there! We still have 10 days left!
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4/5/10 - 73% of Our Goal Accomplished!
WALLACE has now hit our 73% mark in our efforts to raise money for Relay For Life. Our Stats:
-Fundraising Goal: $4,000
-Dollars Raised to Date: $2,931
-Number of Donations Received: 69
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3/29/10 - WALLACE is proud to welcome Cynergy Hitech as a new client.
Cynergy Hitech specializes in repair, manufacturing, and refurbishment of mobile phones.
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3/29/10 - WALLACE is proud to welcome Miller Zell Incorporated as a new client.
Miller Zell Incorporated specializes in retail space design.
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3/26/10 - OOOOhhhh We're HALF WAY THERE!!!
WALLACE has now rasied 55% of our goal! This makes WALLACE's contribution to Relay for Life at $2,216. WALLACE has had 54 gifts donated to the team. Keep up the good work Team WALLACE!
-Fundraising Goal: $4,000
-Dollars Raised to Date: $2,216
-Number of Donations Received: 54
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3/19/10 - Almost Half-Way to our Goal...
Team WALLACE just hit 46% of our fundraising goal for Relay for Life. We raised $1,156 just in this week alone! Listed below are our stats so far:
-Fundraising Goal: $4,000
-Dollars Raised to Date: $1,856
-Number of Donations Received: 43
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3/16/10 - Way to Go Team WALLACE!
Team WALLACE just hit our 25% mark for our goal for Relay for Life Fundraising. Listed below are our stats so far:
-Fundraising Goal: $4,000
-Dollars Raised to Date: $1,061
-Number of Donations Received: 29
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3/12/10 - WALLACE Weekly Update- Fundraising for Alpharetta Relay For Life!
Team WALLACE has already seen a significant amount of contributions to this wonderful cause. We are only in our first few weeks. Please check in every Friday from now until the event to see how much money we are able to raise. An outstanding 18% of our goal has already been raised!!!
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3/11/10 - Alpharetta Relay For Life is right around the corner!
It's that time of year again! WALLACE is excited about our third year particpiating in Relay For Life. Alpharetta Relay For Life takes place at Alpharetta High School Stadium April 23-24th. Come join us!!!
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3/10/10 - WALLACE is proud to welcome SIEMENS as a new client.
SIEMENS provides technology in the fields of Healthcare, Energy, and Industry.
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3/8/10 - WALLACE is a proud 2010 sponsor of PADV.
WALLACE is proud to sponsor PADV, Partnership Against Domestic Violence. PADV just celebrated 35 years as the largest non-profit domestic violence organization in the state of Georgia.
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3/5/10 - WALLACE is proud to welcome Comcast as a new client.
Comcast is one of the largest cable providers in the nation. Comcast is a residential and commercial service provider for television, internet, and telephone.
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3/4/10 - WALLACE is proud to welcome AFC Enterprises, Inc. as a new client.
AFC Enterprises, Inc. develops, operates, and franchises quick-service restaurants the trade name Popeyes.
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3/3/10 - WALLACE is proud to welcome Mystic, Inc. aka Herman Kay as a new client.
Mystic, Inc. aka Herman Kay is a major clothing manufactuer of outerwear for men and women.
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2/19/10 - WALLACE is proud to welcome Conagra as a new client.
ConAgra Foods makes many leading brands, including: Healthy Choice, Chef Boyardee, Egg Beaters, Hebrew National, Hunt’s, Orville Redenbacher’s, PAM, and Banquet, among others.
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2/1/10 - WALLACE is proud to welcome Kinder Morgan Plantation Pipeline as a new client.
Kinder Morgan's Southeast Operations consists of the approximate 1,900-mile, 12-inch multi-product Cochin pipeline system.
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1/1/2010- Georgia Job Tax Credit 2010 Tier Rankings
The State of Georgia annually releases revised tier rankings for Georgia’s 159 counties based on the economic conditions within each county. The different tiers have unique eligibility requirements which can significantly impact the amount of Job Tax Credits businesses may be entitled to receive. It is important to know the tier of each county where your business is located. The amount of Job Tax Credit ranges from $750 to $5,750 per job each year for 5 years.
Listed below are several counties which were negatively impacted by the change in ranking:
From Tier 1 to Tier 2: Clarke, Colquitt, Lamar, Liberty, Peach
From Tier 2 to Tier 3: Muscogee, Webster
Counties Leaving the Bottom 40: Baker, Tattnall, Twiggs
For businesses operating in the above counties, the deadline for submitting a Notice of Intent in order to maintain your 2009 tier designation is February 15, 2010. These annual changes can have a significant impact on the incentives available to your business. Please be on the lookout for changes in January 2011, when WALLACE sends out our annual tier change letter and map.
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12/16/09 - WALLACE is proud to welcome GA Eye Institute as a new client.
Georgia Eye Institute is an ophthalmology practice that provides comprehensive eye care for the greater Savannah area.
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12/14/09 - WALLACE is proud to welcome Toccoa Clinic as a new client.
Toccoa Clinic has primary and specialty medical care facilites throughout Northeast Georgia.
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12/14/09 - WALLACE is proud to welcome RBM as a new client.
RBM of Atlanta has two dealership locations that sell new and used Mercedes-Benz.
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11/1/09 - WALLACE is pleased to announce a very sucessful Golf Tournament
Click on link to visit the Fall 2009 Golf Tournament photos. > Fall Golf Tournament 2009
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10/07/09 - State of Georgia – Tax Credits 2009 Legislative Update
In 2009 some significant changes took place to the tax credit landscape in the State of Georgia. There were some positive moves including the expansion of some tax credits and the creation of others. There were also some cuts that will have a significant impact on specific credits for tax years starting January 1st 2009.
Below is a summary of the changes made specifically by HB439 during the 2009 State of Georgia legislative session. I hope that this letter will help you understand how your business may be impacted by the changes to tax credit law in the State of Georgia.
If you have any questions about how these changes may impact your business, please call me, Peter Green, at: (866) 808-9729.
Retraining Tax Credit – This tax credit allows a company to offset up to 50% of its GA Income tax liability from the costs incurred by training Georgia employees.
• All employers that file a GA income tax return can qualify for the credit.
• Credit is now capped at $1,250 per person per year at a rate of $500 per person per training program.
• Microsoft Office training for end users will no longer qualify. It will however qualify for trainers or employees whose job is to support Microsoft Office.
• For years 2009 onwards, credits must be filed within one year of the original tax filing date versus the current three years.
Job Tax Credit – This tax credit allows a company to offset up 50% -100% of its GA income tax liability by increasing its net headcount in GA. Job tax credits range from $4,000 to $750 per job each year for 5 years and can be used along with the Retraining Tax Credit.
• Provides for the tax credit to be available to claim on the Year One tax return for jobs created in Year One (previously had to maintain jobs in Year Two and then claim the initial credit on Year Two tax return).
• The tax credit can be claimed within one year of the earlier of the date the original tax return was filed or the date such return was due.
• “Competitive Projects” (as certified by the Georgia Department of Economic Development) to be eligible to claim the withholding benefit with the credit in Tier 2, Tier 3, or Tier 4 in a manner similar to a business enterprise that is located in Tier 1.
• Provides for additional jobs created in the four years following an initial Year One (where the Year One jobs have been maintained) to be eligible for the credit without creating a new Year One.
• Any net employment increase that fall below the number required may forfeit the right to the tax credit. The taxpayer may be liable for all past taxes for that taxable year and all past payments under Code Section 48-7-103.
• NAICS reference from 2008 amendment (H.B. 1246) to properly reflect the 2007 NAICS Code for inclusion of Internet publishing and broadcasting as 519.
• Provides for the inclusion of the industry classification detailed as “services for the elderly and persons with disabilities” within the definition of business enterprise for O.C.G.A. 48-7-40.
For more information on these changes or questions as to how your company can maximize the tax credit opportunities in the State of Georgia, please feel free to contact me at: (866) 808-9729.
Sincerely,
Peter Green
President
WALLACE – The Training Tax Credit Company
770-772-0252x302
pgreen@wraywallace.com
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10/06/09 - PETER GREEN ATTENDS CONFERENCE TO DISCUSS INNOVATION IN ECONOMIC DEVELOPMENT
From a changing workforce to social media, leaders discuss the current paradigm shift in Georgia’s economic development
Alpharetta (October 6, 2009) – Last week Peter Green, President, WALLACE – The Training Tax Credit Company, joined more than 300 economic development leaders from around the state in Savannah for the Annual Conference of the Georgia Economic Developers Association (GEDA).
“Innovation means we must always evolve and adapt how we do business,” said Peter. “This was a valuable conference for exchanging ideas on local economic development efforts in our society of evolving technology.”
Over the course of the three-day conference, GEDA members explored the latest in technology trends, including a “social media 101” on how to use tools such as Facebook and Twitter to market communities. Also, the group heard from experts on topics such as “Backshoring and Backsourcing Jobs: Reversing the Trend of job losses in America.” In this session, attendees learned of ways to encourage the return of jobs that have in the past several years traditionally gone overseas.
The Georgia Economic Developers Association is a non-profit association of professionals and volunteers dedicated to enhancing Georgia’s economic vitality. GEDA provides networking and professional development resources to its members and advocates public policies to support quality economic development and job creation throughout the state. For more information, please visit geda.org.
08/26/09 - WALLACE is proud to welcome Gannett Company as a new client
Publisher with interests in newspapers including USA Today, television and the internet.
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07/27/09 - WALLACE is proud to welcome Heatcraft Worldwide Refrigeration as a new client
Heatcraft Refrigeration Products provides climate-control solutions for commercial and industrial applications in more than 70 countries.
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07/20/09 - WALLACE is proud to welcome AGL Resources as a new client
AGL is a natural gas distribution, marketing, and energy services company.
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07/15/09 - WALLACE is proud to welcome Colonial Pipeline as a new client
Colonial Pipeline Co. is an interstate common carrier of petroleum products.
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07/09/09 - WALLACE is proud to welcome Kellogg Company as a new client
With 2008 sales of nearly $13 billion, Kellogg Company is the world’s leading producer of cereal and a leading producer of convenience foods, including cookies, crackers, toaster pastries, cereal bars, frozen waffles, and meat alternatives. The company’s brands include Kellogg's®, Keebler®, Pop-Tarts®, Eggo®, Cheez-It®, Club®, Gardenburger®, Nutri-Grain®, Rice Krispies®, Special K®, All-Bran®, Mini-Wheats®, Morningstar Farms®, Famous Amos®, Ready Crust® and Kashi®.
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06/15/09 - WALLACE is proud to welcome Hospital Corporation of America (HCA) as a new client
Corporate operator of hospitals and health systems in several parts of the country.
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06/05/09 - WALLACE is proud to welcome Intercontinental Hotels as a new client
IHG is an international hotel company.
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05/22/09 - WALLACE is proud to welcome Hennessy Automobile Companies as a new client
Hennessy Automobiles Companies have the largest inventory ofnew and pre-owned vehicles in the southeast.
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05/22/09 - WALLACE is proud to welcome Chico's as a new client
Clothier for the sophisticated woman featuring a full line of private label apparel, accessories, and jewelry, with a focus on comfort.
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05/20/09 - WALLACE Sponsoring Coucil on State Taxation (COST) Income Tax Conference in Boston, MA
Visit our table at this years COST Income Tax Conference.
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05/13/09 - WALLACE will be at HR Star
Please stop by our booth at this years HR Star conference in Atlanta, GA.
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05/01/09 - WALLACE is proud to welcome Suzuki as a new client
Suzuki has facilities in Rome, GA manufacturing transportation equipment.
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04/28/09 - WALLACE is proud to welcome Comcast as a new client
Comcast is the largest provider of cable services in the US, with television, Internet, and digital phone services offered in 39 states.
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04/24/09 - HB439 Passes / Final Update
HB439 has passed and been sent to the Governor. The Bill includes changes to several tax credits - some of which are good, but the retraining tax credit took a few hits.
• All employers can again qualify for the credit – This is good news.
• The bad news is that the credit is capped at $1,250 per person per year. The $500 per person per program is still in place.
In the past an employee could participate in 5 programs for a possible $2,500 or 10 programs for a possible $5,000, these will all now be limited to $1,250. We estimate this will reduce the average tax credit by 15- 25%.
• Microsoft Office training for end users will no longer qualify. It will however qualify for trainers or employees whose job it is to support Microsoft Office.
• Credits must be filed within one year of the original tax filing date versus the current three years.
This will have no real effect on companies currently participating in the credit, but will affect companies starting to participate after this year as they will no longer have the ability to look back three years.
Read HB439 here
These changes come into effect for tax years starting Jan 1st 2009. Therefore tax credits prepared in this calendar year will not be affected.
Please also visit our new web site www.wraywallace.com for further updates on this and other tax credits in Georgia.
Thank you again to everyone who helped us in our negotiations with the State by calling or emailing your representatives and to all of those who provided assistance through their government affairs staff.
We at WALLACE look forward to continuing to serve Georgia’s employers on all available tax credits for many years to come.
All the best,
PETER GREEN
President
WALLACE – The Training Tax Credit Company
(Office) 770-772-0252 x 302
(Cell) 770-401-9234
(Fax) 770-772-0405
pgreen@wraywallace.com
www.wraywallace.com
An Inc 500 Company - 2003
US Chamber of Commerce - Georgia Small Business Blue Ribbon Award - 2008
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04/13/09 - WALLACE is proud to welcome Mar-Jac Poultry as a new client
Mar-Jac Poultry, Inc., established in 1954, supplys high quality poultry products worldwide, with an emphasis on the domestic foodservice industry.
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04/07/09 - WALLACE is proud to welcome Wise Business Forms as a new client
Wise is a leading trade manufacturer providing business forms, commercial printing, document services, and marketing services for resale only.
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04/03/09 - WALLACE is proud to welcome Harland Clarke as a new client
Harland Clarke is a leading provider of integrated payment solutions, marketing services, technology solutions, and best-in-class security to financial institutions, investment firms, B2B clients, small businesses, and individual consumers.
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03/31/09 - WALLACE is proud to welcome Cooper Lighting as a new client
Cooper Lighting, a subsidiary of Cooper Industries Ltd., designs lighting and fictures with commercial, residential and utility applications.
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03/19/09 - WALLACE is proud to welcome TM Polyfilm as a new client
TM Polyfilm in Valdosta, Georgia, is a small manufacturer of high quality polyethylene bags, tubing and sheeting.
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03/18/09 -WALLACE is proud to welcome Ole Mexican Foods as a new client
Ole Mexican Foods produces Tortillas, Tostadas, Cheeses, Chips, Sausages and Yogurt.
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03/17/09 - HB439 Moves to the Senate
Hello again friends,
I want to keep you updated as to the status of HB439.
The Bill (amended) was approved by the House of Representatives last week. The next step is the Senate will review and approve before it becomes law.
The good news is that with all of your help along with our lobbyists and the Government Affairs people from many of our clients, we got a few changes made to the bill before it passed the house.
• The term Business Enterprise has been changed back to “All Employers” as it was before.
• Microsoft office training was eliminated, but training to support for Microsoft office was added back in and will now qualify again.
• The per-person cap of $500 per year was raised to $1,250 per year.
But the negotiations continue.
Now in the Senate, the Bill still has two issues to be resolved:
• The Bill only allows a company to amend back one year to add in a tax credit. Currently it is three years.
• Although $1,250 is greatly increased from $500, it still reduces the tax credit for the average company by over 20% each year. (currently there is no cap)
Please contact your Senator or any of the Senators on the committee below and let them know that you do not need your Retraining Tax Credit cut by over 20%. Also please advise your Senator that we should try to support and encourage companies to invest in our people and not try to limit the training of our workforce at this time.
Thanks once again for you continued support. Please do not hesitate to contact me for further details.
All the best,
PETER GREEN
President
WALLACE – The Training Tax Credit Company
(Office) 770-772-0252 x 302
(Cell) 770-401-9234
(Fax) 770-772-0405
pgreen@wraywallace.com
www.wraywallace.com
An Inc 500 Company - 2003
US Chamber of Commerce - Georgia Small Business Blue Ribbon Award - 2008
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02/24/09 - COST Sale Tax Conference
WALLACE will be a sponsor at the COST Sales Tax Conference Vendor Fair
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02/10/09 - 02/11/09 - TRAINING 2009
Join us at TRAINING 2009 Exposition, booth 312.
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02/09/09 - HB439 has many changes for the retaining and Jobs tax credits.
Thank you all for your interest and efforts so far on notifying the State of Georgia on the effect of HB439 Section 3 on the retraining tax credit for your company.
Yesterday, Monday, we had our first subcommittee meeting and got to argue our point at the State Capitol. There was so much debate that a second subcommittee meeting has been scheduled for tomorrow, Wednesday.
The good news is that we are making progress in areas of what industries can be included and how much per person per year a company can get from the credit. But we still need to make a lot more progress.
If you have not already - Please contact your local representative or a committee member as soon as possible as many changes can be made at this stage if there is enough resistance to it.
Please go to http://www.congress.org to find your State House representative by zip code and have them call a committee member. Or send an email now to Lindsey.napier@house.ga.gov to tell her how this affects you. She will pass directly to the subcommittee.
I also welcome any of our clients who will be affected by this to join me at the State Capitol tomorrow at 2:30pm in room 133.
I will keep you posted of developments that affect you.
All the best,
PETER GREEN
President
WALLACE – The Training Tax Credit Company
(Office) 770-772-0252 x 302
(Cell) 770-401-9234
(Fax) 770-772-0405
pgreen@wraywallace.com
www.wraywallace.com
