Visit this page to use the Tax Estimators Calculators How much in income taxes will you pay? If you are self-employed, how much will you pay in self-employment taxes? Use these tax calculators to help determine your tax bills for the upcoming tax year. With these tax calculators, you can estimate your tax refund or… [Read More]

Visit this page to use the Business Finance Calculators Should your business consolidate its debt? Use these business finance calculators to help determine your tax savings on loans or credit lines with tax deductible interest payments, and much more! With these business finance calculators, you can estimate your tax savings on various business decisions, including… [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 closing tax… [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: Georgia… [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: Although there are many reasons and benefits to register a DBA in Georgia, keep in mind… [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 any of these conditions are met, you may have additional time to file and pay your taxes, after the end of your tax year but before the normal filing due date of your return. You generally… [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 great… [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]