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Year-End Tax Planning for Individuals
As we wrap up 2021, it’s important to take a closer look at your tax plans. This year likely brought challenges and disruptions that significantly impacted your personal and financial situation –– a continued global pandemic, several significant natural disasters, new...
Tax Planning for Small Businesses
As we wrap up 2021, it’s important to take a closer look at your tax and business plans. This year likely brought challenges and disruptions that significantly impacted your personal and financial situations –– a continued global pandemic, several significant natural...
Georgia Businesses may benefit from SALT deduction work-around
In 2021, Georgia joined several other states to introduce legislation known as the "SALT deduction work-around". The SALT deduction refers to the $10,000 cap on personal State and Local Tax deduction limitation applied at the individual level. This deduction was...
Tax Deduction Alert: Business Meals
At the end of 2020, legislation was introduced that increased the deductibility of business meals expense. However, not all expenses are eligible for the increased deduction. Entertainment expenses remain non-deductible for tax purposes. Meals provided to employees...
Planning for Capital Gains Tax
Capital gains are the profits realized from the sale of capital assets such as stocks, bonds, and property. The capital gains tax is triggered only when an asset is sold, not while the asset is held by an investor. However, mutual fund investors could be charged...
Tax on the Sale of Your Home
The real estate market has been buzzing with many homeowners realizing substantial gains from the sale of their home. But do those great sales proceeds come with tax consequences? Read on to learn about gain on your primary residence and if you could qualify for the...