Donor-advised funds and private foundations can optimize your philanthropic impact
As we look at the potential increase in the capital gains rate, it is important to understand which tax strategies are available to mitigate your tax burden. A donor-advised fund or a private foundation are both great strategies to eliminate capital gains tax on long-term appreciated assets. Why donor-advised funds? Donor-advised funds are increasingly popular […]
IRS reminds businesses to update EIN applications
Businesses whose primary contact information has changed may receive a letter from the IRS prompting them to update their applications for Employer Identification Numbers. The IRS requires EIN holders to update responsible party information within 60 days of any change by filing Form 8822-B. One reason for this is so that the IRS has accurate […]
Why donor-advised funds are worth a second look
It goes without saying that 2020 has been a year unlike any other, which makes relying on your trusted business and tax adviser for year-end tax planning even more important. We have offered 10 year-end tax strategies that you can take advantage of now, but there is one in particular that we want to discuss […]
CARES Act changes retirement plan and charitable contribution rules
As we all try to keep ourselves, our loved ones, and our communities safe from the coronavirus (COVID-19) pandemic, you may be wondering about some of the recent tax changes that were part of a tax law passed on March 27. The Coronavirus Aid, Relief, and Economic Security (CARES) Act contains a variety of relief, […]
Beware of scammers profiting from coronavirus
As individuals, businesses, local governments and other organizations commit to social distancing measures, there are those who will seek to profit from the coronavirus pandemic. Circumstances are changing daily and the flow of information is constant, which makes it critical that you remain vigilant against various scams surrounding the COVID-19 outbreak. Below are some examples […]
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 […]
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 […]
Antares Group, Inc. serves community through Rockdale Emergency Relief’s School Break Lunch Program
Associates with Antares Group, Inc. came together to donate items for Rockdale Emergency Relief’s School Break Lunch Program. As a result, the firm helped provide lunches to nearly 200 young people in Rockdale County who are home this week during Spring Break, and many of whom rely on free and reduced lunches for their meals. […]
Antares Group donates Thanksgiving meals to Phoenix Pass
Our associates at Antares Group, Inc. donated money to purchase Thanksgiving meal ingredients and the firm provided provided turkeys for the 15 families living at Phoenix Pass, a nonprofit organization based in Conyers, Ga., that provides transitional housing to women and their children experiencing temporary homelessness. The program provides participants the opportunity to reestablish self-sufficiency in […]
Disaster relief payments help employees and can save taxes
In the aftermath of Hurricanes Florence and Michael this fall, employers are asking how they can help their employees during these difficult times. One option that employers have is to make disaster relief payments to their employees. A disaster relief payment is any amount paid to or for the benefit of an individual to reimburse […]
