Act now to apply for 2023 Ga. GOAL Tax Credit

The deadline to apply for the 2023 Georgia GOAL Tax Credit is December 31, 2022. Contributors to a student scholarship organization such as the Georgia GOAL Scholarship Program receive a 100% Georgia income tax credit for their contributions. Because there are limited tax credits available each year, a taxpayer who is interested in contributing to GOAL must be […]
Trading in crypto receiving more scrutiny, tax reporting

The rise in popularity of cryptocurrency has resulted in increased reporting requirements and changes to some tax forms. Some of these new requirements have also prompted legislators from both parties to introduce legislation aimed at making the use of digital currencies easier for more people. Currently no cryptocurrency exchanges are required to report digital asset […]
Changes to QIP May Prompt Adjustments to Some Georgia Tax Returns

Georgia business owners may need to adjust depreciation taken on qualified improvement property in 2019 now that the state has adopted 15-year recovery periods and does not allow 100% bonus depreciation. The QIP recovery period first became an issue with the adoption of the Tax Cuts and Jobs Act in 2017, when through a technical […]