TRACS Group, Inc.
At TRACS Group, Inc., our expertise is in generating tax credits for businesses, which has proven to be very profitable for our clients as we have generated millions of dollars in tax credits for them over the years. We are not a CPA firm. As a member of your team, we will work closely with your CPA or accountant to ensure that we generate the most tax credits for your business.
Business tax credits are a dollar for dollar credit used to offset tax liability. These tax credits are very different from WOTC (Work Opportunity Tax Credits), which is a federal tax credit. In the state of Georgia, $6,000 in tax credits is the equivalent of $100,000 in tax deductions. In some cases, if the tax credit generated eliminates all of a company's state tax liability, then the remaining tax credits can be used against that company's withholding taxes.
Even though tax credits have been used by businesses for decades, most business owners are unaware of them. Our founder and president, Jeff Kim, established TRACS with the intention of increasing awareness about the state of Georgia's tax credit program and helping business owners use those tax credits to grow their businesses and create more jobs. We service over 90 different tax credits with an emphasis on the most generous ones like Job Tax Credits, Opportunity Zone Tax Credits, Military Zone Tax Credits, and Less Developed Census Tract Tax Credits.
- Accounting Services
- Georgia Job Tax Credits
- State and Federal Tax Credits
- Opportunity Zones
- Less Developed Census Tracts