Articles
- Georgia 2025 Legislative Update: Key Tax Measures for CPAs
The 2025 session of the Georgia General Assembly brought a range of tax-related legislative developments that CPAs should note, from income tax rate reductions to procedural reforms in state tax adjudication. With the session concluding on April... read more
- House Bill 148 Passes, Enhancing CPA Licensure Pathways and Practice Mobility
ATLANTA (April 3, 2025) — The Georgia Society of Certified Public Accountants (GSCPA) is pleased to announce that House Bill 148, known as the Public Accountancy Act of 2025, has successfully passed both chambers of the Georgia General... read more
- Georgia's Disaster Relief Bill (HB 223) Heads to Governor’s Desk
On March 25, 2025, the Georgia House of Representatives agreed to the Senate’s amendments to House Bill 223 (HB 223), also known as the Timberlands Recovery, Exemption, and Earnings Stability (TREES) Act. This bill is now on its way to... read more
- Georgia's Tax Conformity Bill Heads to Governor's Desk: What CPAs Need to Know
On March 25, 2025, the Georgia Senate passed House Bill 290, a much anticipated tax conformity bill, sending it to Governor Brian Kemp’s desk for final approval. This legislation updates Georgia’s tax code to align with federal tax... read more
- Treasury Department Announces Suspension of Enforcement of Corporate Transparency Act Against U.S. Citizens and Domestic Reporting Companies
(March 2, 2025) The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the... read more
- BOI Injunction Lifted; FinCEN Promises 30-Day Filing Delay
A federal district court lifted the last remaining nationwide injunction stopping beneficial ownership information (BOI) filing requirements, but the federal enforcement agency has promised at least a 30-day delay before new filings will be... read more
- The Georgia Society of CPAs Co-signs Letter To FinCEN and Treasury on BOI Delay
The Georgia Society of CPAs, other state CPA societies, and the AICPA recently co-signed a letter to the Financial Crimes Enforcement Network (FinCEN) and specifically Secretary Janet Yellen and Director Andrea Gacki urging a one-year delay in... read more
- Georgia’s PEACH Education Tax Credit and Support for Literacy
For far too long, the state of Georgia has struggled to break the cycle of generational low literacy. Today, an estimated one million Georgians lack basic literacy skills. When compared with other states, Georgia ranks in the 40th percentile of... read more
- IRS Help Available To Victims of Hurricanes Helene and Milton; May 1 Deadline Now Applies To Individuals and Businesses
IR-2024-266, Oct. 11, 2024 WASHINGTON — In the wake of the devastating hurricanes that have ravaged Florida and the Southeast in recent weeks, the Internal Revenue Service today reassured victims that it stands ready to provide the... read more
- IRS Provides Relief for Helene for All of Georgia; Various Deadlines Postponed to May 1, 2025
WASHINGTON — The Internal Revenue Service today announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina and South Carolina and parts of... read more
