Updated Form 1040 Crypto Asset Question
"At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual…
Automatic Notices Now Suspended for Non-Profit Organizations
The historic backlog of unprocessed communications, income, employment, and other tax returns continues to plague the IRS. In December, there…
Essentials of 401(k) Plan Nondiscrimination Testing
Nondiscrimination testing ensures equity amongst all participants by examining elective contribution rates, company contributions, and the percentage of plan assets…
COVID-19 EIDL Update: Extended Deferment
On March 16, 2022, the Small Business Administration (SBA) announced that all existing Economic Injury Disaster Loan (EIDL) borrowers will…
Financial Reporting Considerations for Construction Companies
Managing a construction company has become an increasingly complex proposition. Not only are the traditional project management challenges still present,…
Georgia Tax Update: One-Time Refunds on the Way?
Georgia taxpayers may be getting an extra refund soon if the state legislature’s latest proposal passes muster. Under H.B. 1302,…
New Exemptions for Schedules K-2 and K-3 Filers
Many Atlanta S-corporation and partnerships have been confused about the new Schedule K-2 and K-3 filings required as part of…
SBA Announces New Loan Forgiveness Appeal Process
The Paycheck Protection Program (PPP) was an invaluable tool that helped many Atlanta companies manage through the COVID-19 pandemic. The…
IRS Suspends Automatic Notification Letters
Dealing with the Internal Revenue Service (IRS) can certainly be a challenging endeavor for Atlanta individuals, businesses, and organizations. There…
Cost of Benefit Plan Violations Increases in 2022
Like most things in the new year, the cost of ERISA penalties for employee benefit plan violations is going up.…