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70 years of serving the Greater Augusta Region This year marks the 70th anniversary of SME CPAs, one of the leading accounting firms in the region being nationally recognized as one of America’s Best Tax Firm in Forbes, listed in the top 400 CPA Firms by Inside Public Accounting and rated Best of Accounting for…
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In honor of International Women’s Day, we’re celebrating several women who left their mark on the fields of finance and accounting, and a few of our CPAs are reflecting on how women before them inspired their journeys toward becoming CPAs. Without the powerful and courageous women in history that set the pace for generations to…
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Our goal is to make tax time simpler, more efficient, and less stressful for you. We wanted to remind you of your options in case you are not able to or do not feel comfortable enough to come into one of our two physical offices. If that is the case, below are a few options to get…
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Let’s face it, tax season requires clients and accountants to share large amounts of data – mostly in the form of paper documents. Since the onset of COVID, our team has adjusted the way we share and collect tax documents. Dropping off an envelope full of tax documents to your accountant is becoming more of…
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Business owners wear several hats a day. They have to design their services, market themselves, manage a small team, handle salaries and payments, and much more. So, it’s no surprise that when it comes around to doing your corporate taxes, you might find yourself overwhelmed. To remain in good standing with your state and avoid…
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On Saturday, April 17, 2021, the Small Business Association (SBA) released the Restaurant Revitalization Fund’s highly-awaited program guidelines. The Restaurant Revitalization Fund (RRF) is part of the $1.9 trillion American Rescue Plan Act (ARPA) which became law on March 11, 2021 and appropriated $28.6 billion for the SBA to award to eligible restaurants, bars and similar businesses who…
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A wedding is an exciting milestone, but it is also a big financial turning point for couples. Whether it is a first marriage or two families blending, these unions have major tax consequences. Ending a marriage by divorce is also significant for your tax situation. To start off right, here are some tax tips to…
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The Consolidated Appropriations Act, 2021 (the CAA, 2021), signed into law on December 27, 2020, is a further legislative response to the coronavirus (COVID-19) pandemic. The CAA, 2021 include–along with spending and other non-tax provisions and tax provisions primarily affecting individuals–the numerous business tax provisions briefly summarized below. The provisions are found in two of…
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You’ve probably heard that IRS will be making millions of ”economic impact payments” (also called ”recovery rebates”) in the near future to help people stay afloat during this time of economic uncertainty related to the COVID-19 crisis. These payments are in addition to the $1,200 payments ($2,400 for married couples) issued earlier in 2020. Here’s…
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Here is an overview of key provisions in the recent COVID relief legislation that affect individuals. The legislation is the COVID-related Tax Relief Act of 2020 (the “Act” or COVIDTRA) and the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTR), both of which are part of the Consolidated Appropriations Act, 2021. RECOVERY REBATE/ECONOMIC…
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