Georgia Extends Individual Tax Deadline

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 [...]

Have You Heard the One About the Deductible Elephant? 10 Tax Jokes

Tax filings may have been extended until July 15, but our busy season wasn’t postponed. We’ve been working on the Paycheck Protection Program and other CARES Act issues, while socially distancing in the office. At the same time, we’ve enjoyed all the work-from-home, toilet-paper-as-gold and quarantine memes and jokes. (Have you seen the one with [...]

2020 Tax Myths, Scams, and Updates

2020 Tax Myths, Scams, and Updates Although tax season is heating up and things are getting a little hectic around the BJM - Bach, James, Mansour & Company office, we still wanted to keep communication lines open. This seemed to be an opportune time to share some tax myths, updates, and outright scams that have [...]

  
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