No matter where you look, people who should know better are caught up in trends. It’s become part of the parlance of our times, after all, things are “trending” on social media, and trends DO offer the chance to make … Read More
Do You Need an S-Corp?
If you operate your business as a sole proprietor or in a group as an LLC, the S-Corp election might be just want you need! Now, if your profit is less than 50,000 a year then the extra complexity is not worth the small amount of tax savings. But, if you gross over 50,000 it is worth running the numbers to see how much you could save and what other tax/ business/ and retirement advantages you could set up.
January 29th Opening Day of Tax Season for Tax Year 2017
Now is the time to ensure a smooth tax season. Seriously – even as a professional who preaches from the same gospel each year to all our clients, there are always a few that come in completely bamboozled by their … Read More
New Year’s Resolutions For Businesses?
Happy New Year! So here we are, another year older and presumably another year wiser. Undoubtedly, you’ve made a list of resolutions that might look suspiciously like last year’s – get in shape, save more money, make more money, etc… … Read More
If you receive a W-2 and a 1099, Here is What to Know
Happy New Year! As we recover from the collective hangover that was 2017 and look forward to 2018, a lot of new contractors began working in 2017. With the advent of Uber, UpWork, Fiverr and Lyft, contractors are everywhere and … Read More
Will the Equifax Data Breach Affect My Tax Filing?
The IRS has relayed some information about the Equifax data breach that affected around 143 million tax payers that although it exposed names, social security numbers, and addresses it would be near impossible to use this to file a fraudulent … Read More
Tax Relief For Victims of Hurricane Irma
According to the IRS website there is tax relief for those affected here in Florida by hurricane Irma. Taxpayers on an extension for their 2016 tax return that ends October 16, 2017 now have until the end of January to … Read More
Expect 2016 Tax Refund Delays
There is a new federal tax law that will cause a delay in received refunds in 2017 for the tax year 2016 filings. If you planed on filing your tax return as early as possible you will have to wait … Read More
Recent Tax Bill Scam
The IRS is making people aware of a recent tax bill scam. This scam involves sending people fake IRS tax notices that say the tax payer owes more money due to the Affordable Care Act. They clearly chose this component … Read More
Struggling to File Form 990-N
If you are struggling to file the Form 990-N know that you are not alone. The IRS stood up a new form 990-N e-postcard electronic filing system on 29 February 2016. This new system replaced a non-government third party. Numerous … Read More
Numerous Georgia State Tax Law Changes Effective July 1st 2016
On April 27, Georgia Gov. Nathan Deal (R) signed into law legislation that makes a number of changes to the state’s tax laws, including sales and use taxes. The act, which becomes effective July 1, 2016, makes the following changes … Read More