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Open Enrollment: Maximize Your Benefits
Open enrollment is the window of time when employers introduce changes to their benefit offerings for the upcoming plan year. If you're employed, this is your once-a-year chance to make important decisions that will affect your health-care choices and your finances....
S-Corporation Owner-Employee Compensation
A corporation must satisfy several requirements to be eligible for treatment as an S-Corporation for federal income tax purposes. However, qualification as an S-Corporation offers a potential tax benefit unavailable to a C corporation. If a qualifying corporation...
Preparing Your Estate Plan
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Tax Act) included new gift, estate, and generation-skipping transfer (GST) tax provisions. The 2010 Tax Act provided that in 2011 and 2012, the gift and estate tax basic...
College Savings Plans
In the college savings game, all strategies aren't created equal. The best savings vehicles offer special tax advantages if the funds are used to pay for college. Tax-advantaged strategies are important because over time, you can potentially accumulate more money with...
Are you maximizing your pass-through entity’s tax savings?
Beginning January 1, 2022, Georgia’s new law establishing a workaround for the federal income tax limitation on deductions for state and local taxes became effective. Owners of pass-through entities including Partnerships, some Limited Liability Companies and...
Tax Alert: Inflation Reduction Act of 2022
President Biden signed the Inflation Reduction Act into law on Tuesday, August 16, 2022. The bill includes Corporate tax reform, increased IRS funding, healthcare provisions and clean energy incentives. This bill is the successor to the Build Back Better Act...