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5 Business Accounting Mistakes to Avoid

October 27, 2020

When a business owner’s mind is focused on running a business, acceptable accounting practices can often be overlooked or forgotten. Of course, mistakes are bound to happen; but for businesses that could mean a negative impact to the bottom line. Accounting can be time-consuming for businesses, so the urge to push through and complete the…

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Guide to Payroll for Business Owners

October 5, 2020

If you own a business, chances are, you’re dealing with payroll. A lot of companies outsource this service to other businesses or accountants to handle for them. Whether you run payroll yourself or hire someone to do the foot work for you, there are a variety of basic principles you must know to ensure you…

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Tax Considerations for the Year 2020

October 5, 2020

This year has proved to be the gift that just keeps on giving. While the world continues to surprise us day in and day out, the last thing any of us would want is a surprise on our tax return at filing time in the spring. In an effort to alleviate as much financial uncertainty…

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Revised PPP loan forgiveness applications released.

June 22, 2020

The U.S. Small Business Administration (SBA), along with Treasury, released Wednesday, June 17th, 2020, a revised loan forgiveness application for the Paycheck Protection Program (PPP). The SBA also unveiled a new EZ application for forgiveness of PPP loans. Revised PPP Loan Forgiveness Application (https://content.sba.gov/sites/default/files/2020-06/PPP%20Loan%20Forgiveness%20Application%20%28Revised%206.16.2020%29.pdf)and instructions (https://home.treasury.gov/system/files/136/PPP-Loan-Forgiveness-Application-Instructions_1.pdf) EZ PPP Loan Forgiveness Application (https://content.sba.gov/sites/default/files/2020-06/PPP%20Forgiveness%20Application%203508EZ%20%28%20Revised%2006.16.2020%29.pdf)and instructions (https://home.treasury.gov/system/files/136/PPP-Loan-Forgiveness-Application-Form-EZ-Instructions.pdf) The…

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Small Business Resources in Georgia

May 2, 2019

The state of Georgia defines a small business as one that is independently owned and operated with less than 300 employees or a revenue of less than $30 million. The vast majority of companies in Georgia, up to 99%, fall under this category and are extremely vital to the state’s economy. The state offers several…

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Boost your 2016 deductions by buying a business vehicle this year

November 28, 2016

If you’re looking to boost your deductions — and reduce your 2016 tax bill — you may want to consider purchasing a business vehicle before year end. Business-related purchases of new or used vehicles may be eligible for Section 179 expensing, which allows you to immediately deduct, rather than depreciate over a period of years,…

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FLSA Overtime Rule Changes

September 21, 2016

In early 2016, the Department of Labor announced an update to overtime regulations that will make some currently exempt employees eligible for overtime pay later this year. The new Fair Labor Standards Act overtime rules state: Workers who do not earn at least $47,476 a year ($913 a week) will have to be paid overtime,…

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