March 16, 2023
Tax Alert - PTET Filing Issues- Do Not Amend ReturnsThe Georgia Department of Revenue (GA DOR) is making corrections on their end for returns filed, so no amendeds will be needed at this point. For any returns filed going forward, as mentioned in... read more
March 14, 2023
Tax Alert: For Those Preparing Form 600S or Form 700After meeting with staff at the Georgia Department of Revenue yesterday, The Georgia Society of CPAs now understands that there are a number of issues with the PTE election and correctly filling... read more
March 7, 2023
Tax Alert – Clarification on Filing for PTE Elections regarding HB 149 (SALT CAP Bill)Tax practitioners have been reaching out to GSCPA and the GA DOR asking for clarification on the statute changes and regulations regarding pass through entity taxable income. This tax alert... read more
February 27, 2023
May 15 Tax Deadline Extended to Oct. 16 For Disaster Area Taxpayers in California, Alabama and GeorgiaDisaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16, 2023, to file various federal individual and business tax returns and make tax payments, the... read more
February 24, 2023
Conformity Bill/House Bill 95 Headed to Governor's Desk for SigningHB 95 amends Title 48 of the Official Code of Georgia, relating to revenue and taxation, so as to revise the terms "Internal Revenue Code" and "Internal Revenue Code of 1986" and thereby... read more
February 22, 2023
IRS News Release - IRS and Treasury Issue Final Regulations on e-File for BusinessesWASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued final regulations amending the rules for filing returns and other documents electronically (e-file).... read more
February 17, 2023
FASB Affirms Changes to Leases. ASU Expected By the End of MarchOn February 16th, 2023 the FASB board met to discuss a summary of the 29 comment letters received in response to the proposed Accounting Standards Update, Leases Topic 842: Common Control... read more
February 13, 2023
IRS Issues Guidance on State Tax Payment to Help TaxpayersThe Internal Revenue Service provided details clarifying the federal tax status involving special payments made by 21 states in 2022. The IRS has determined that in the interest of sound tax... read more