April 29, 2022 | Blog | Adam Bateman, CPA
On April 26, 2022, Governor Brian Kemp signed into law H.B. 1437, which would replace Georgia’s current income tax brackets with a flat-rate income tax. The bill also increases the state’s personal exemption amounts. Flat-Rate Income Tax The current income tax system... continue reading »March 31, 2022 | Blog | Andy Starnes, CPA
On March 28, 2022, President Joe Biden released his $5.8 trillion budget proposal for the 2023 fiscal year. The budget includes tax increases on wealthy individuals and large corporations, repeals tax breaks for oil and gas companies and proposes a modernization of... continue reading »March 25, 2022 | Blog | Tracy Burton, CPA
On February 7, 2022, the Internal Revenue Service (IRS) announced a new Large Business and International (LB&I) compliance campaign targeting pass-through entities. The Partnership Losses in Excess of Partner’s Basis Campaign will address taxpayer noncompliance... continue reading »March 16, 2022 | Blog | Journet Greene, CISA
By now, we have all heard cybersecurity events described as “when, not if” occurrences in today’s business environment. And when they occur, the impact is typically not superficial. Remember the six-day shutdown of the largest fuel pipeline in the United States, which... continue reading »February 24, 2022 | Blog | Hunter Jackson, CFE; and Jonelle Vernon, CFE
Most likely, you know someone who has been a victim of fraud, or you’ve heard a fraud horror story. It seems every day we hear of a new fraud scheme on the news. Whenever you hear about these frauds, whether within an organization or against an individual, you may... continue reading »December 17, 2021 | Blog | Geoff Braun, CPA, and Todd McMullen, CPA
This article was originally published in the Winter 2021 issue of GACS Today, a publication of the Georgia Association of Convenience Stores. Convenience Stores need to be aware of a new hurdle that is approaching tied to changes to the accounting lease standard. To... continue reading »