It can be costly and complicated to navigate the challenges of owning and operating a business. In addition to developing a business plan, choosing the right entity and simply navigating the complications of daily operations, business owners will also need to navigate...
Tax law
If you’re self-employed in Georgia, know your tax laws
If you’re self-employed in Georgia, know your tax laws No one wants to face a tax audit. But it can happen if you don’t follow Georgia’s tax laws. Finding the required documents and dealing with the Department of Revenue can be stressful and time-consuming....
FBAR: Who needs to file this? What foreign assets are affected?
You’re an owner of one or more foreign financial accounts, and tax season is approaching. This is the first time you’ve filed taxes for them, but you have no idea what to do. Don’t worry because you’ll learn what an FBAR (Foreign Bank Account Report) is and what it...
Being tax-savvy as a small business owner
You’ve been running a small business for a while now and it’s all going smoothly. However, to ensure continued success, you need to stay on top of your finances, which is often easier said than done. One thing you need to pay particularly close attention to is your...
Selling cryptocurrency means tax consequences
Cryptocurrency (Bitcoin, etc.) has become a popular way to add financial value to one’s portfolio. Many Atlanta, Georgia, residents have begun investing in cryptocurrency to sell when they face hardships or spend on personal and business purchases. The Internal...
You have to pay taxes on your cryptocurrency earnings
Cryptocurrencies like Bitcoin have been around for more than a decade. With massive gains and market adjustments in recent years, cryptocurrencies have started to go mainstream. Bitcoin, Ethereum and Litecoin are all known brands of digital currency, but there are...
Common payroll mistakes made at companies
Your payroll department should consist of a team that is reliable, trustworthy, experienced and can meet deadlines. At the same time, this team of bookkeepers should have a solid business background and technology skills and a firm understanding of compliance matters....
6 big mistakes contractors make handling their own taxes
As an independent contractor or self-employed individual, taxes can feel overwhelming and stressful, especially if it is your first time going through the process or if you’ve avoided it in past years and now find yourself behind. However, paying taxes is an important...