Since July 2023, the IRS has taken a series of actions in response to what it has termed a “flood of ineligible claims” for the Employee Retention Tax Credit (ERTC). Most recently, it launched a Voluntary Disclosure Program (VDP). The program […]

Does your business file 10 or more information returns with the IRS? If so, you must now file them electronically. This is a significant rule change that went into effect on January 1, 2024, for 2023 tax year information returns. The […]

Selling a business is a significant event for any entrepreneur or business owner. For many business owners, the company reflects their life’s work and represents their most significant financial asset. While many factors contribute to the success of a sales transaction, […]

Beginning January 1, 2024, most businesses will be required to report new information on the individuals who directly or indirectly control the company, including its owners, officers and controlling persons. The Corporate Transparency Act, enacted by Congress in 2021, aims to […]

Which financial statement is more important, the balance sheet or income statement? Many would submit the balance sheet is most important because it offers a more comprehensive view of a company’s financial health. Others would say the income statement because it shows profit generation capability. Both are reasonable arguments, but each presents a limited perspective. […]

For the second consecutive year, the IRS has postponed implementation of a new rule that would have led to an estimated 44 million taxpayers receiving tax forms from payment apps and online marketplaces such as Venmo and eBay. While the delay should spare […]

Watch our recent video interview as Partner Adam Bateman discusses 2023 year-end tax planning strategies.

As another year ends with interest rates and markets in flux, one thing remains certain: Reducing your company’s tax bill can improve your cash flow and your bottom line. Below are five strategies — including some tried-and-true and others particularly timely […]

Read our latest news and alert to read about the Internal Revenue Services' recently released cost-of-living adjustments. - Atlanta CPAs

Read our latest news and alert to read seven steps that are essential in mastering your year-end tax planning. - Atlanta CPAs