What’s the difference between a Tax Preparer, a CPA who specializes in tax preparation and a seasoned Tax Strategist? And which of these does your business need? It may surprise you to know that CPAs and Tax Strategists are two different professions and that a Tax Preparer is not necessarily credentialed. Here are the main differences: Tax Preparer: Does not have to be credentialed; prepares, calculates, and files income tax… Read More
Leadership and Empowerment for Business Owners: A Story
You’ve got a little bit of time until month-end close and a month or two until year-end obligations. It’s a good moment to take a breath … but this is also the time to start thinking about what you want next year to look like, before getting into the weeds of year-end obligations. If you want help getting the ball rolling on a plan, give me a call: https://calendly.com/corbette/15-minute-prospect-intro-callhttps://calendly.com/d/46r-49m-93k/10-minute-intro-call As… Read More
Should I Extend Credit To My Atlanta Customers?
Before I get into the slippery slope I’m referring to, how are things for you these days? How’s business going? I’d love to hear an update… so click the email at the top of the page and send me a note to let me know. And on that note, I’d also love to hear if there are other ways we could serve you and your Fulton County business, right now. Decisions… Read More
Work From Home Policy for Atlanta Businesses
There’s no better way to celebrate work than by taking a day off. The irony of the Labor Day holiday gets me every year, but I do hope that it provided a little extra rest on the front end of a busy fall season. I mentioned in one of my recent notes another piece of irony: how Zoom recently started requiring their employees to come back to the office. Where are… Read More
Why The Wealthy Create Private Family Foundations & Public Charities
Private Foundations and Public Charities differ of public involvement. Public Charities usually receive most of their donations from the general public or government and taxpayers can usually deduct 20% to 60% of their adjusted gross income for charitable donations. Private Foundations can provide an IMMEDIATE tax deduction of up to 30 percent of adjusted gross income for cash gifts and up to 20 percent of adjusted gross income for long-term appreciated publicly… Read More
Can You Benefit From An Upreit?
Umbrella Partnership Real Estate Investment Trusts (UPREIT) allows property owners to exchange their property for share ownership in an UPREIT, usually are subject to Internal Revenue Code (IRC) Section 721 exchanges and are deemed a REIT under standard accounting and tax practices. If you opt in to an UPREIT property, you will be able to defer taxes on the sale of a property in exchange for UPREIT units. This is… Read More