When one works as an independent contractor in Georgia, one is considered to be self-employed. This can complicate tax matters if one is not aware of the responsibilities associated with filing income taxes. Independent contractors file different tax forms when...
Tax law
Will an offer in compromise resolve your tax law issues?
More than 10 million people live in Georgia. Many of them are full-time residents who have fallen behind on their federal income taxes. Do you have lingering tax debt that is causing you worry and stress? If so, you’re not alone in the struggle. Tax law issues can...
The impact of tax law changes for business owners
One of the most complicated aspects of owning and operating a small business is the legal and financial requirements associated with it. Business owners must meet certain requirements in their taxes, and it is easy to become overwhelmed by the nuances of constantly...
Important tax information for self-employed individuals
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...
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....