Articles
- GSCPA secures Congressman Buddy Carters Co-Sponsorship of H.R. 4035 Regarding Beneficial Ownership
The Georgia Society of CPAs has called on federal legislators to support two bills that have been introduced – Senate bill S. 2623 and companion legislation in the House, H.R. 4035, the Protecting Small Business Information Act of 2023.... read more
- DOR Announces Tax Relief for 28 Counties Impacted by Idalia
Atlanta, GA – Following direction from Governor Brian P. Kemp, the Department of Revenue today announced that certain return and payment deadlines for taxpayers have been extended to February 15, 2024, for Georgians impacted by Hurricane... read more
- IRS ERC Processing Being Halted
To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Credit processing amid surge of questionable claims; concerns from tax pros, aggressive marketing to ineligible applicants highlights unacceptable risk to... read more
- IRS Announces Tax Relief for Taxpayers Impacted by Hurricane Idalia in Parts of Georgia
WASHINGTON — Taxpayers affected by Hurricane Idalia in parts of Georgia that began Aug. 30, 2023, now have until Feb. 15, 2024, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announce... read more
- IRS issues a frequently asked question for pass-through entities to report negative amounts electronically to the IRS on Part II of Schedules K-2 and K-3
IR-2023-162, Sept. 5, 2023 WASHINGTON — The Internal Revenue Service today issued a frequently asked question in Fact Sheet 2023-20 to provide guidance to pass-through entities for electronically filing Schedules K-2 and K-3 to the IRS to... read more
- Gov. Kemp Issues State of Emergency In Preparation for Hurricane Idalia
Atlanta, GA – Governor Brian P. Kemp today issued a State of Emergency order for all of Georgia in preparation for Hurricane Idalia's anticipated impact later this week. Currently, the storm system is expected to move through the state... read more
- Fostering Success Act, Inc. Launches to Help Georgians Contribute to New State Foster Care Tax Credit
Credit Will Reduce Tax Burden and Help Youth Aging Out of Foster Care ​ALPHARETTA, Ga. (July 24, 2023) – The Fostering Success Act, Inc., a new non-profit, has launched to help Georgians contribute to a new $20 million state tax credit... read more
- How is Your Firm Comparing in the Quickly Evolving World of Public Accounting?
Participate in the 2023 AICPA PCPS/CPA.com National Management of an Accounting Practice Survey for insights. The business world is shifting, and the accounting profession is not immune, so we need to adapt and change as well. There are... read more
- Coalition Calls Attention to New Beneficial Ownership Information Reporting Requirements
Washington, D.C. (May 15, 2023) – The American Institute of CPAs (AICPA) joined a coalition of organizations who have come together to make taxpayers and practitioners aware of the new Beneficial Ownership Information (BOI) reporting... read more
- Information from FS-2023-13, Upcoming IRS Improvements For Small Business Owners
The Internal Revenue Service wants small business taxpayers to know they will soon see changes to help them better interact with the Internal Revenue Service in ways that work best for them. New improvements to phone service, in-person and online... read more
