Don’t let ‘ghost assets’ haunt your bottom line
It’s that time of year to clear away old equipment from your financial statements so you are not haunted by unused and out-of-date equipment that can suck the life out of your bottom line. Unused equipment is commonly referred to as a “ghost asset.” Ghost assets are fixed assets that remain on the financial statement […]
Is it time to look at your interest rates?
As owners of your business, it is important to keep a watchful eye on interest rates and the differences between fixed and variable rates. With the reinvestment needs of your business continually increasing, loan balances and the interest you pay increase as well. Reducing these loan payments can help with your cashflow. Right now there […]
Note changes to ACA thresholds and signs of more audits
It’s almost time for the annual open enrollment period, so it’s important to note that the IRS recently announced the affordability percentage for 2020 under the Affordable Care Act will decrease to 9.78 percent. This is a slight decrease from the 2019 threshold of 9.86 percent. Employers should make sure that your insurance broker is […]
Uber Eats to begin reporting sales tax on delivery sales
The landmark Supreme Court decision in South Dakota v. Wayfair in 2018 that permitted states to tax remote sales and collect sales tax also has a significant impact on McDonald’s owner/operators and other businesses that use delivery services. Under the Wayfair decision, states have begun implementing Marketplace Legislation where marketplace facilitators – like Uber Eats […]
Antares Group named a Top 400 Accounting Firm by INSIDE Public Accounting
Antares Group, Inc., has been named as a Top 400 Accounting Firm for 2019 by INSIDE Public Accounting. This national ranking by the award-winning newsletter for the public accounting profession recognizes the country’s top accounting firms in terms of revenue and growth. Antares Group is a leading accounting firm with locations in Atlanta and Boston, […]
IRS to begin contacting holders of virtual currency about taxes
Holders of virtual currency such as Bitcoin can expect to receive notices from the IRS within the next month advising them of their tax and filing obligations and how, if necessary, to correct past errors. Virtual currency is treated as property for U.S. federal tax purposes. Consequently, the general tax principles that apply to property […]
Antares Group donates to Newton County Sheriff’s Office Back To School Supply Giveaway
Antares Group, Inc. was a proud sponsor this year of the Newton County Sheriff’s Office Back To School Supply Giveaway. In addition to sponsoring the annual event, members of our firm donated several packets of lined filler paper for the students. Each year, the Back to School Supply Giveaway distributes more than 5,000 backpacks filled […]
Employers to submit detailed pay data to EEOC
Employers will have until the end of September to submit more detailed pay data to the Equal Employment Opportunity Commission. Employers with 100 or more employees were already required to submit pay data – Component 1 data – to the EEOC by May 31. The Component 1 data breaks down the number of workers employed […]
Submit current W-9s to avoid backup withholding
“The only constant in life is change.” This quote has been attributed to Greek philosopher Heraclitus, and between the sales and purchases of restaurants, transfers of ownership to Next Gens and spinoffs creating new organizations, most McDonald’s owner/operators would probably agree. Amidst all this change, it is important to make sure nothing falls through the […]
Antares Group recognized by United Way
The United Way of Greater Atlanta recognized Antares Group as a Child Well-Being Champion for our firm’s continued support of the United Way’s mission to improve child well-being in Rockdale County and the greater Atlanta area. We are proud to be a supporter of this wonderful organization!