Articles
- COVID-19 Tax Deadline Extended
*We will be updating this article as we receive more information. March 20, 2020 The much-anticipated official announcement from the Treasury Department and the Internal Revenue Service (IRS) has finally arrived via social media. ... read more
- IRS Announces Payment Deadline Extension
The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns remains April 15, 2020. The IRS urges taxpayers... read more
- SBA Offers Disaster Assistance to Georgia Small Businesses Economically Impacted by the Coronavirus
- Emergency Planning with Technology: Take Action When Crisis Hits
Time to Act With COVID-19 spreading quickly, many companies will start to engage their emergency management plans. These policies are used when there is a tornado, hurricane, earthquake or whatever else may be considered an event that causes us... read more
- COVID19 News Update Regarding CPA Exam Testing, NTS Extensions and Credit Extensions.
Prometric has notified NASBA they will be closing all testing centers in the US and Canada until April 17, 2020. This morning the Georgia State Board of Accountancy agreed with NASBA and are implementing the following changes: Notice to Schedule... read more
- Individual Income-Net Operating Loss FAQ’S
In 2016, the Georgia Department of Revenue began requiring a signed Form 500-NOL be filed separately from the return to establish a net operating loss by individual taxpayers and fiduciaries. Form 500-NOL has historically been used as a way for... read more
- The Proliferation of Ransomware and What You Can Do About It
One of the most – if not THE most – significant issues in information security during 2019 was the proliferation of ransomware. Unfortunately, this trend is likely to continue in 2020. Therefore, let us examine some ransomware... read more
- Cybersecurity and Compliance Risks Open New Opportunities for CPAs Through SOC Examinations
CPA firms have long been a source of credibility and trust for their clients, investors, and creditors. Most CPAs think of themselves as trusted business advisors providing traditional tax, accounting, and audit services. But our clients need... read more
- New Forms, New Questions, New Instructions, More Work
Practitioners must be aware that 2018 was an easy year since the IRS was late with information or did not issue guidance regarding key issues from the 2017 Tax Cut and Jobs Act (TCJA) before the filing deadlines. For example, there was no form... read more
- Cryptocurrency Donations: What Nonprofits Need to Know
Only a few hundred nonprofit organizations, estimates say, are set up to accept Bitcoin and other digital assets. Now is the time for organizations to decide whether, and how, they’ll start accepting such donations. In 2018, a group called... read more