Summer is here, and you may be ready to hit the pool, enjoy a BBQ, or just relax in the sunshine. As you enjoy the warmer and longer days, keep in mind that some of your undertakings may impact your 2023 taxes. If you participate in any of the below summertime activities, make sure [...]
Opening a small business can be incredibly gratifying. You can pursue your own passion. You can set your own hours and be your own boss. You can enjoy the confidence and independence that comes with being an entrepreneur. However, managing the finances and tax burden of a small business can be challenging, especially if [...]
Tax documents are likely hitting your mailboxes and inboxes, and as you receive W-2s, 1099s, and other documents, you may be tucking them away for your tax preparer. Even if you do your own taxes, many programs allow you to upload your documents, and the program will review and input information for you, without [...]
The weather is getting warmer. The days are getting longer, and the seasons shifting can only mean one thing: tax season is here again. Shifting from pandemic-specific tax rules that applied in 2021 into a post-Inflation Reduction Act world may be causing some confusion for taxpayers. What credits still apply? Which don’t? How will [...]
When a spouse, friend, or relative passes away, tax considerations are the last thing on our minds. Many of us are focused on the grief of loss and immediate funeral or memorial considerations. It may be helpful to work with a tax professional during this difficult time, such that someone else can manage the intricacies [...]
Your Take-Home Pay May Increase Under New 2023 Tax Rules By: Stacey Nickens With inflation on the rise, the IRS has expanded tax brackets, increased certain credits, and raised the standard deduction for the 2023 tax year. These changes could decrease many Americans' tax burdens by allowing more taxpayers to remain in lower income [...]
Tax Credit Changes Under the Inflation Reduction Act By: Stacey Nickens On August 16, 2022, President Biden signed the Inflation Reduction Act into law, enacting legislation designed to combat climate change, support clean energy, and raise tax revenue. The new legislation increases corporate tax rates, offers additional tax credits or expands existing ones, and [...]
5 Tax Considerations for Self-Employed Individuals By: Stacey Nickens Deciding to become your own boss can be incredibly meaningful and freeing. As a self-employed person, you have much more control over your day-to-day schedule, your business structure, and so much more. At the same time, costs that were previously covered by an employer now [...]
IRS Raises Mileage Rates Due to Rising Gas Prices By: Stacey Nickens This summer, I've sat around many a dinner table, bemoaning the rise in gas prices. Many of us have seen our gas bills rise astronomically. Luckily, if you use your car for business, the IRS has recognized the rise in gas prices [...]
Many Georgia Taxpayers to Receive Additional Refund By: Stacey Nickens Many Georgia taxpayers will be receiving a bonus refund this spring. Once you file your 2021 state income return, the Georgia Department of Revenue may send you a one-time refund of up to $500 for joint filers, $375 for head of household filers, or [...]
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