by Tabitha Regan, CPA | Mar 1, 2024 | Featured, News
Legislation that could benefit parents and business-owners is currently moving through Congress. The House has passed the Tax Relief for American Families and Workers Act of 2024. It now faces an uncertain future in the Senate. The legislation would make changes to...
by Tabitha Regan, CPA | Jan 29, 2024 | Featured, Small Business
Our tax experts have gathered top tips for bonus depreciation, vehicle limits, special bonus depreciation allowance, and depreciable business purchases. Accelerated depreciation methods, including Section 179 expensing and bonus depreciation, offer valuable tax-saving...
by LittleOwlCPA Admin | Feb 17, 2023 | Featured, Individual Tax, Small Business, Tax Planning
As a small business owner, you may be eligible to claim the home office deduction on your tax return. This deduction allows you to claim a portion of your home expenses as a business expense, which can lower your taxable income and save you money on your taxes. ...
by LittleOwlCPA Admin | Feb 10, 2023 | Featured, Individual Tax, Small Business
Tax season is here! It’s important to start preparing now and to know your deadlines to ensure a smooth and stress-free filing process in the months ahead. Know Your Deadlines It’s important to be aware of the various tax deadlines that apply to you...
by Tabitha Regan, CPA | Dec 30, 2022 | Featured, Small Business, Tax Planning
Georgia has expanded a few tax credit programs beginning in 2023. Tax credits give you a “dollar for dollar” benefit which means a $1 tax credit is equivalent to paying $1 in Georgia taxes. Review our tax credit guide about the top Georgia tax credits available to...