Still Waiting For Stimulus Funds? Read On…

During 2020 (and into 2021), taxpayers were eligible for two rounds of economic stimulus payments - the first having paid out around April / May 2020, and the second paying out primarily in January 2021.  With that being said, the IRS has a message for anyone who hasn't yet received one or both payments:  they're [...]

By |2021-02-20T13:20:00-05:00February 20th, 2021|Uncategorized|0 Comments

IRS Warns of Back-to-School Scams

With school back in session across the region, the IRS is warning taxpayers of telephone scams that are targeting students and parents (IRS Newswire Issue IR-2006-107).  This scam involves phone calls in which the caller demands immediate payment for non-existent taxes, including a "Federal Student Tax."   In several reported cases, the caller becomes angry or [...]

By |2017-02-23T13:26:06-05:00August 26th, 2016|Uncategorized|0 Comments

Georgia Accounting Food Fight – August 8th through 19th!

What is the Georgia Accounting Food Fight? The Georgia Society of CPAs and accounting firms and industry accounting departments across the Peach State are working together in a friendly food and fund drive competition to support the eight regional Georgia Food Banks that comprise the Georgia Food Bank Association.  Our firm has entered the competition, [...]

By |2017-02-23T13:26:07-05:00August 10th, 2016|Uncategorized|0 Comments

Protecting the Taxpayer: the Taxpayer Bill of Rights

With the Democratic and Republican National Conventions behind us, the nation has turned its focus towards the general election in the fall.  I would first say, regardless of whom you vote for, I believe wholeheartedly in the importance of voting in general.  As Franklin D. Roosevelt once said, “Nobody will ever deprive the American people [...]

By |2016-08-12T14:34:15-04:00July 29th, 2016|Uncategorized|0 Comments

A Few Summer Reading Selections

Last summer, right around this time, we posted a reading list targeted at business owners (you can read it here).  Well, since summer has once again arrived – bringing with it heat and the hope of relaxation by the water – we felt it only appropriate to present a new list of reading selections.  Our [...]

By |2017-02-23T13:26:07-05:00June 23rd, 2016|Uncategorized|0 Comments

Giving from your heart…via your IRA

As was noted in our prior blog post (Summary of Reinstated Tax Incentives for Individuals and Businesses), one of the tax provisions having been made permanent in the PATH Act of 2015 relates to charitable contributions made directly from IRAs.  As we stated: The new legislation [the PATH Act] permanently enables taxpayers who are 70 [...]

By |2017-02-23T13:26:07-05:00May 9th, 2016|Uncategorized|0 Comments

Summary of Reinstated Tax Incentives for Individuals and Businesses

As 2015 was winding down, Congress and the President came to an agreement on a tax bill benefiting individuals and business owners alike:  the Protecting Americans from Tax Hikes Act of 2015 (known as the PATH Act). This legislation makes permanent several key tax incentives and tax breaks that individuals and businesses have come to [...]

By |2017-02-23T13:26:07-05:00January 19th, 2016|Uncategorized|0 Comments

IRS allows child tax credit for summer-camp expenses

With school back in session, summer may already feel like ages ago (where does the time go!?!).  However, we wanted to mention an important tax deduction that is easy to overlook once summer fades into autumn:  summer-camp expenses. As the IRS notes (see reference via this link), summer-camp expenses may help to lower a taxpayer's ultimate [...]

By |2017-02-23T13:26:08-05:00August 26th, 2015|Uncategorized|0 Comments