Georgia Tax Credits and Incentives

Georgia Tax Credits

Southern Hospitality: How Georgia Welcomes Businesses with Tax Credits and Incentives In the heart of the South, Georgia extends a warm embrace not only through its famed hospitality but also by offering a treasure trove of tax incentives and credits designed to foster business growth and innovation. The state’s generous offerings support enterprises across a […]

IRS Audit Guide (Updated for 2024)

IRS Audit Guide

IRS Audit:  What to Know, What to Do in 2024 Taxpayers are selected for an IRS audit for a variety of reasons. Some taxpayers are chosen due to a document mismatch, such as a return that is missing 1099’s or W-2’s.  The IRS computers usually spot missing documents based on the social security number (SSN) […]

179D Deduction for Construction and Rehab

179D Tax Deduction

Powerful Tax Incentives for Energy Efficient Projects The 179D tax deduction offers a powerful financial incentive for installing qualifying building systems that reduce energy consumption.  Energy-efficient construction projects are ideal candidates for the 179D deduction.  Also,  energy efficient retrofits or rehabs of older buildings also qualify for the deduction.  The rules even provide a financial […]

Tax Planning Strategies for Financial Success

Tax Planning

Tax planning is the overall topic of our recent podcast with The Shift Spot, a peer advisory community of fellow business owners who are passionate about making radical shifts in their businesses and lives. Tax planning is the selection of legal options to minimize or eliminate taxes. Tax planning includes optimizing the structure of transactions […]

Divorce and Taxes: How to Protect Yourself

Divorce and Taxes: How to Protest Yourself

Divorce and taxes are the important subject of our live event with Pacific Cascade Legal, a premier family law firm in Oregon and Washington. We discuss how divorce impacts joint tax liability, when there might be relief granted for separation of joint liability, and other important tax considerations when navigating divorce from your spouse.   […]

Guide to IRS Statute of Limitations (CSED)

IRS statute of limitations

IRS Statute of Limitations and the Collection Statute Expiration Date (CSED) The collection power of the IRS is restricted by a statute of limitations on taxes.  This powerful restriction gives the IRS up to 10 years to collect a tax.   Once the 10-year period expires, the tax is no longer enforceable and it simply goes […]

How to Avoid IRS Trouble

How to avoid IRS trouble

The thought of IRS trouble, “red flags” and audits are enough to worry any business owner.  In this podcast, we talk about how to avoid IRS tax problems, and what to do if they arise.     In the podcast, we cover a variety of topics including: Organizing your business for tax preparation Tax calendar […]

IRS Hardship Program: Currently Not Collectible

IRS Hardship Program

We regularly meet with clients of our accounting firm who owe taxes to the IRS that they cannot afford to pay due to a financial hardship.  Sometimes it is a tax bill for one year.  Frequently it is a tax bill for multiple years. The IRS offers a number of solutions that provide tax relief […]

Statistics on Federal Tax Liens in Alpharetta, GA

Alpharetta, GA Tax Lien Statistics

This is the first in our series of reports analyzing federal tax liens on Georgia businesses.  Along with tax levies and garnishments, federal tax liens are one of the most powerful weapons available to the IRS in its efforts to collect back taxes. As of 2022 there were more than 15 million taxpayers nationwide in […]

ERTC: How to Get the Employee Retention Tax Credit – Updated as of 9/14/2023


Important ERTC Update as of September 14, 2023 Amid rising concerns about a flood of improper Employee Retention Credit (ERC) claims, the IRS ordered an immediate moratorium through at least the end of the 2023 year on processing new ERTC claims for the pandemic-era relief program to protect honest small business owners from scams. The […]