Articles
- Five Technology Resolutions For 2021
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Thomas G. Stephens, Jr., CPA, CITP, CGMA For many, the Holiday Season is a time to look back and reflect on the year gone by – and what a year it was! But it is also a time to look forward, to plan, and to consider how we can do better in... read more
- State Excise Tax & Prepaid Local Tax on Motor Fuel Sales
The Georgia Department of Revenue has posted new bulletins, effective January 1, 2021, pertaining to state excise tax and prepaid local tax on motor fuel sales. To view these bulletins and other historical bulletins, please visit: Calculating... read more
- 2021 First Quarter Interest Rates
RR-2020-28: Determination of Rate of Interest Revenue Ruling 2020-28 provides the interest rates for the first quarter of 2021. The rates for interest determined under Section 6621 of the code for the calendar quarter beginning January 1,... read more
- Georgia Legislature Passes Bill to Protect Businesses and Health Care Providers From COVID-19 Lawsuits
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By Nicolas Bohorquez, Stephanie Friese (Aron), Christine Norstadt In late June, the Georgia Legislature passed the Georgia COVID-19 Pandemic Business Safety Act, SB 359. The bill became law on Friday, August 7, 2020. The bill seeks to protect... read more
- Returning to the Office: A Guide for Accountants
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A white paper by CPACHARGE. As stay-at-home and similar restrictions are being lightened or lifted across the country, you are likely wondering what going back to the office will look like for your firm, staff, and your clients as you adapt to... read more
- CPA Evolution: what’s next?
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The AICPA and NASBA created CPA Evolution as an initiative to recognize the skills and knowledge CPAs need in a technology-driven marketplace. The new CPA licensure model was developed over three years of research and data collection with over 40... read more
- IRS Provides Certainty Regarding The Deductibility Of Payments By Partnerships And S Corporations For State And Local Income Taxes
The Internal Revenue Service (IRS) today issued Notice 2020-75 , which announces rules to be included in forthcoming proposed regulations. Specifically, the proposed regulations will clarify that State and local income taxes imposed on and... read more
- How the CARES Act Changes Deducting Charitable Contributions
Whether taxpayers are supporting natural disaster recovery, COVID-19 pandemic aid or another cause that’s personally meaningful to them, their charitable donations may be tax deductible. These deductions basically reduce the amount of their... read more
- It’s Time For Tax Professionals To Renew Their PTIN
The IRS reminds all active tax preparers to start the upcoming 2021 filing season smoothly by renewing their Preparer Tax Identification Numbers now. All current PTINs will expire December 31, 2020. Anyone who prepares or helps prepare a federal... read more
- DOR Regulation Notice: Proposed Rule 560-7-8-.66, Personal Protective Equipment Manufacturer Jobs Tax Credit.
The GA DOR has released a Regulation Notice on the proposed Rule of a tax credit for manufacturers of PPE. The release reads: To All Interested Parties, An Income Tax Division Rule is being proposed by the Department. A virtual hearing will be... read more
