Tax Wrinkles for Work-at-Home Employees

Tax Wrinkles for Work-at-Home Employees

If you worked from home during 2021, you may be wondering if you can deduct any expenses related to setting up your home office. The answer depends on whether you were an employee or an independent contractor. But home office expenses aren’t the only tax issue to consider when working from home in 2021. Working [...]

Lessons Learned from Tax Season 2021

We have finally caught our collective breath following tax season 2021! Between the pandemic affecting the way we work and all the government programs impacting taxes, 2020 was the most unusual reporting year ever. As a result, the months between January and May 2021 were crazier than normal. We’d like to share a few things [...]

Georgia Extends Individual Tax Deadline

In line with the IRS’s move last week, the Georgia Department of Revenue (DOR) has extended the filing and payment deadline for individual 2020 tax returns from April 15, 2021, to May 17, 2021. The extension is automatic and requires no extra paperwork or filing. The extension to May 17 applies only to individual annual [...]

IRS Extends Individual Tax Deadline to May 17

The IRS has extended the date by which individuals have to pay and file their 2020 taxes to May 17, 2021. The extension applies to all individual and family filers, no matter how much is owed, and includes self-employed taxpayers. The extension is automatic and requires no extra paperwork. The IRS said the move [...]

How to Avoid Becoming the Victim of Financial Fraud

Protecting yourself from financial crimes is a daily fight. Scammers and hackers view getting your information as their job. They’ll spend as much time as they need scouring for victims until they find the right one. Most times, it’s not an elaborate scheme that people fall prey to. It’s negligence. Scammers are counting on you [...]

Movies Featuring Superstar Accountants

When it comes to professionals as top box-office movie characters, doctors and lawyers aren’t the only ones lighting up the silver screen. Accountants have been the lead characters in a host of movies ranging from comedy to love stories to action thriller. With Tax Season 2021 fast approaching, we thought now would be a great [...]

Don’t Let 2021 Catch You Off Guard

Goodbye – or good riddance – to 2020 and hello to 2021! The new year is fast approaching, and it’s time for a financial refresh. Now is a great time to review your financial situation and set plans for next year. Here are tips for making sure you are set and that 2021 doesn’t catch [...]

Top 3 Financial Myths – Busted!

We’ve all heard myths about a Sasquatch running wild in north Georgia and a Loch Ness type monster washing ashore off the Golden Isles. Truth or fiction might be easy to distinguish there, but what about financial myths? Believing some myths could hurt your financial health. Here we debunk the top 3 financial legends and [...]

How Long Do I Need to Keep Tax Records?

The COVID-19 extended deadline for taxes has passed. Now, what should you do with the piles of receipts, 1099s, and other tax documents you used to prepare your return? Do you need to keep hard copies or are electronic records sufficient? Here’s a guide for both individuals and businesses to follow for assuring you have [...]

Adjusting Your Household Budget During A Pandemic

No matter your age, the coronavirus pandemic has likely had an impact on your budget. You probably haven’t been traveling or going out much, but any funds you’ve saved may instead be sitting in stockpiles of toilet paper or supporting food delivery services. After three months of reacting, it’s time to start being more proactive [...]

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