Articles
- GSBA Adopts 2 Major Initiatives Regarding CPA Exam
The Georgia State Board of Accountancy (GSBA) has recently adopted two major initiatives regarding the CPA Exam that reflect a commitment to accommodate candidates amidst evolving circumstances. CPA Exam Window Effective January 1, 2024, the GSBA... read more
- Preparing for an ERC Audit? Six Key Questions IRS Will Ask
By Sonny Grover, CPA; Darren Guillot; and Rick Meyer, CPA, MBA, MST You can’t say that we didn’t warn you! It’s the season for IRS ERC exams – yes, right during tax season, when you have nothing better to do. Have you or... read more
- Feedback Needed on Public Sector CPA Resource Challenges
The American Institute of Certified Public Accountants (AICPA) and the National Association of State Auditors, Comptrollers, and Treasurers (NASACT) have formed a joint working group to better understand the challenges around CPA resources within... read more
- 2023 Tax Season Updates
By Darcy Pyle, GA DOR It’s tax season and that means updates and changes! While we have a few small changes to the pass-through entity election in 2023, the 2023 tax filing season is relatively calm as far as changes go. We should see the... read more
- The Georgia Society of CPAs Hosts Post-Implementation Review of GASB Statement 75
The Georgia Society of CPAs Hosts Post-Implementation Review of GASB Statement 75 Issue: The Georgia Society of Certified Public Accountants (GSCPA) recently hosted an event at the GSCPA offices for the Governmental Accounting Standards Board... read more
- GSCPA secures Congressman Buddy Carters Co-Sponsorship of H.R. 4035 Regarding Beneficial Ownership
The Georgia Society of CPAs has called on federal legislators to support two bills that have been introduced – Senate bill S. 2623 and companion legislation in the House, H.R. 4035, the Protecting Small Business Information Act of 2023.... read more
- DOR Announces Tax Relief for 28 Counties Impacted by Idalia
Atlanta, GA – Following direction from Governor Brian P. Kemp, the Department of Revenue today announced that certain return and payment deadlines for taxpayers have been extended to February 15, 2024, for Georgians impacted by Hurricane... read more
- IRS ERC Processing Being Halted
To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Credit processing amid surge of questionable claims; concerns from tax pros, aggressive marketing to ineligible applicants highlights unacceptable risk to... read more
- IRS Announces Tax Relief for Taxpayers Impacted by Hurricane Idalia in Parts of Georgia
WASHINGTON — Taxpayers affected by Hurricane Idalia in parts of Georgia that began Aug. 30, 2023, now have until Feb. 15, 2024, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announce... read more
- IRS issues a frequently asked question for pass-through entities to report negative amounts electronically to the IRS on Part II of Schedules K-2 and K-3
IR-2023-162, Sept. 5, 2023 WASHINGTON — The Internal Revenue Service today issued a frequently asked question in Fact Sheet 2023-20 to provide guidance to pass-through entities for electronically filing Schedules K-2 and K-3 to the IRS to... read more
