Archives for June 2023

Although it’s a relatively new federal holiday, Juneteenth carries with it a weighty significance. In the official declaration via the Emancipation Proclamation, Abraham Lincoln wrote:“I do order and declare that all persons held as slaves within said designated States, and parts of States, are, and henceforward shall be free…” This holiday which we celebrated nationwide this week marks the crucial moment when our nation took a big step toward valuing… Read More

I’ve talked to you before about the ERC scams running rampant and how to steer clear of them, but there’s a recent update worth mentioning: They’re also partially responsible for the IRS’s delay in issuing ERC refunds — especially for small businesses. And funds like that could be exactly the kind of boost needed for struggling businesses.  Now, maybe the ERC credit isn’t for your Atlanta business (or you’ve already received… Read More

Description: Join me for a conversation on key tax planning topics we’re implementing with our clients. We also dive into expected changes in the tax code and how we can be proactive with our clients in creating future savings. Some of the topics we discuss are: – Deductions – Depreciation – Self Employment Tax – Entity Structuring – Capital Gains Planning – Charitable Deductions – Future Tax Saving Transcript: 26… Read More

Ever feel like the whole world is taking a summer vacation except you? That’s real: Small business owners can’t always afford to step away from the helm to take those long, glorious vacations you see on social media (maybe beach and Europe photos are already popping up in your feed?). Whether you do have some breathing room in the next few months, or whether this is your busy time of… Read More

 Description: Investing in oil and gas can build your wealth AND reduce your taxes! One of the most significant tax deductions is the intangible drilling cost deduction, which allows investors to use drilling and development costs to be deducted against your active income, including that in your business or W-2! This deduction can mean significant tax savings, especially in the early project years. Investing in oil and gas can… Read More

Memorial Day doesn’t always mean rest for the small business owner — depending on what kind of industry you’re in. There’s often a lot of hustle around national holidays (special promotions, big sales, holiday weekend shopping). And debt ceiling deals to make, apparently, since that’s what our government was working on over the weekend. Some notables in repealing nondefense spending: 2 year debt ceiling suspension Added work requirements for some… Read More