Individual Income Tax Return Penalties & Interest
The IRS imposes various penalties on taxpayers for different reasons. Many taxpayers believe that by filing an extension in April, they...
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NEWS & UPDATES
Georgia Pass Through Entity Level Income Tax
For tax years starting January 1, 2022 and later, Georgia has enacted a new regime designed to help owners of pass through entities...
Home Office Expense Deduction
The IRS allows business entities to deduct home office expenses. If a taxpayer has a room in their home solely devoted to business use...
Accountable Plan
An accountable plan is a plan that a company uses to reimburse its employees. If these plans adhere to IRS rules and regulations, the...
Business Miles Deduction
The IRS allows S Corps, Schedule C taxpayers, Partnerships, and C Corporations to deduct business mileage. In order to deduct business...
2021 New Client Organizers
If you are a new client, please use our client portal to upload your most recently filed tax return(s). You can use the guest exchange....
Deduction of Business Meals
UPDATE: As part of the stimulus bill passed in December 2020, businesses may deduct 100% of business meals in 2021 and 2022 if the meals...
PPP Loan Simplified Forgiveness Application
Congress recently passed a law simplifying the PPP forgiveness application process. Borrowers that received less than $50,000 in loan...
Coronavirus, Aid, Relief, and Economic Security Act-Businesses
President Trump signed the law on March 27, 2020 in order to provide economic support to individuals and businesses during the economic...
Coronavirus, Aid, Relief, and Economic Security Act-Individuals
President Trump signed the law on March 27, 2020 in order to provide economic support to individuals and businesses during the economic...
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