Asset Allocator Calculator – Your age, ability to tolerate risk, and several other factors are used to calculate a desirable mix of stocks, bonds and cash. Break Even Analysis Calculator – Find out how many and what price you must sell your product at to make a profit. Business Debt Consolidation Calculator – Should your… [Read More]

Georgia residents can now claim a fetus as a dependent on their tax returns for a $3,000 exemption. Once the Supreme Court reversed Roe in June 2022, many expected the courts to revisit Georgia’s law. That effectively happened in July when a federal appeals court in Atlanta reversed the previous lower court ruling, enacting the… [Read More]

What should taxpayers do if they get an audit from the IRS? Reports suggest that the Internal Revenue Service intends to use nearly $80 billion in new funding from The Inflation Reduction Act of 2022, to pursue toward the hiring of 87,000 new IRS agents. One of the items from the bill states, “we are… [Read More]

As published on a previous blog “HB 1302 Tax Refund Explained” on Mar 25, 2022, HB 1302 allows Georgia taxpayers a refund of some or all of the 2020 income taxes due, as reported by dor.georgia.gov. What do I need to do to get this refund? To submit the attestation online, follow the steps below:… [Read More]

We can help you register a DBA (“doing business as”), also known as a trade name, assumed name or fictitous name The top three reasons why you may need to register a DBA in the State of Georgia are: A DBA allows a business to operate under a name other than its registered name A… [Read More]

National Small Business Week is celebrated during the first week of May every year and takes place from May 1 to 7 this year. The due date for filing your federal individual income tax return is generally April 15 of each year. However, because of the Emancipation Day holiday in Washington, D.C., for the 2021… [Read More]

For the 2021 tax return, the due date is Monday, April 18, 2022 The due date for filing your federal individual income tax return is generally April 15 of each year. However, because of the Emancipation Day holiday in Washington, D.C., for the 2021 tax return, the due date is April 18, 2022. Your return… [Read More]

The due date is April 18, 2022 but you may have extra time if you meet certain conditions: If you served or are serving in the Armed Forces in a combat zone or a contingency operation If you become hospitalized as the result of an injury received while serving in such an area or operation… [Read More]

HB 1302 allows Georgia taxpayers a refund of some or all of the 2020 income taxes due. As published on dor.georgia.gov, the Georgia General Assembly recently passed, and Governor Kemp signed, legislation allowing for an additional refund of income taxes from 2020 because the state has experienced a revenue surplus. This law can have a… [Read More]

Tax Season 2022: Filing Requirements, Status and Dependents If you have a family, you need to know how the IRS defines “dependents” for income tax purposes. This is very important because it could save you and your family thousands of dollars on your taxes. There are two types of dependents, each subject to different rules:… [Read More]

Tax Season 2022 Taxpayers are encouraged to file their 2021 taxes now. Most taxpayers have until April 18 to file, but the Internal Revenue Service (IRS) has a long road ahead of it for widespread staffing shortages and a backlog of unprocessed paper returns stretching into the millions; refunds may take extra time to arrive…. [Read More]