Annual registration for Ga. businesses due April 1

Each business entity registered to do business in Georgia will need to file its annual registration in order to remain in good standing with the state. Registration is open from January 1 to April 1 each year.  Filing the annual registration provides a current record or an entity’s management structure, correct mailing address, and registered agent’s name […]

IRS Tax Tip: Know the difference between standardized and itemized deductions

It’s a good idea for people to find out if they should file using the standard deduction or itemize their deductions. Deductions reduce the amount of taxable income when filing a federal income tax return. In other words, they can reduce the amount of tax someone owes. Individuals should understand they have a choice of […]

IRS extends due dates for ACA reporting

The IRS has announced an extension to the reporting deadlines mandated by the Affordable Care Act for Tax Year 2019. The IRS has extended the 2020 deadline from January 31 to March 2 for employers and insurers to furnish individual statements on 2019 health coverage and full-time employee status. The additional time was given in […]

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 […]

Don’t fall victim to one of the ‘Dirty Dozen’ tax schemes

Accountants are not the only ones working overtime during tax season. Scammers take advantage of this time of year to prey on taxpayers to try to steal their money and identity. The IRS has begun compiling its perennial “Dirty Dozen” list of the common scams that tend to peak during the tax filing months. As […]

What is the right 401(k) for your business?

Most employers know the value of offering employees a tax-advantaged retirement plan, but the question is finding the right one. The most common plan of this type is a 401(k), but you may not be aware that there are a variety of types. Below is an overview of some of the most popular options: Traditional. […]

Be aware of the tax consequences before selling your home

In many parts of the country, summer is peak season for selling a home. If you’re planning to put your home on the market soon, you’re probably thinking about things like how quickly it will sell and how much you’ll get for it. But don’t neglect to consider the tax consequences. Home sale gain exclusion […]