There has been a great deal of news on Georgia circulating lately and that made me feel that focusing a blog post specifically on Georgia would be a good idea. Typically being the bearer of bad news is not a desirable position to be in, but many Georgia taxpayers may already know about the state the economy in Georgia is in. As of July 15th, the Georgia Department of Revenue has not sent around 400,000 tax refunds to taxpayers and the interest clock is ticking. In a way there is a silver lining behind the dark cloud in that taxpayers finally will receive interest on money they have loaned the state the only question now is when will taxpayers receive their refunds and interest payments (which will come in separate checks)?
There is some good news coming out of Georgia however. The state will offer sales tax holidays for back to school shoppers from July 30th to August 2nd. Now wouldn’t it be nice if the Department of Revenue could give the taxpayers their money so they could shop for back to school? We will simply have to wait and see.
Keeping Your Business N Synergy