With tax season right around the corner, it is time for companies all around Georgia to start getting their financial affairs in order.
For many individuals, the uncertainty of filing taxes can be quite nerve wrecking. For this reason, many seek assistance in filing their tax returns.
Tax season is here, and many people in Atlanta and across the country cannot wait to receive their W-2s to file their taxes. W-2s and other tax-related documents used for filing tax returns contain personal and sensitive information. Many small business owners end up struggling to get their documents in order for tax season. Some employers send them electronically online while others do send them through the mail. It is no secret that hackers resort to extraordinary measures to hack and steal sensitive information to use for personal gain.
With tax season right around the corner, it is time for small business owners across the state to begin getting their paperwork in order. While many people start a small business with the goal of being their own boss, it also means there are an array of tax laws to follow. Even one slip-up can result in significant penalties.
If you are like many married couples across the country, you and your spouse might have decided to call it quits after the holidays. The beginning of a new year signals fresh hope, as well as the end of unhappy things for a lot of people. While you may be looking forward to starting a new life without an unhappy marriage dragging you down, this is also the time of year to begin planning your tax filing. You and other Georgia residents who are preparing for a divorce will need to know how to prepare your tax return.
The recent tax bill signed into law by President Donald Trump recently went into effect. Individuals and businesses alike want to figure out whether they will gain or lose according to the new provisions. Between doubling the child tax credit to altering the process of itemizing deductions, there are numerous facets to this bill experts are still poring over.
With the end of the year approaching, many Georgia business owners turn their attention toward filing taxes in the upcoming year. There are numerous considerations to make, but savvy entrepreneurs can drastically reduce the amount of money they owe by qualifying for Georgia tax credits.
When tax season comes around, both individuals and businesses worry about the possibility of an audit from the Internal Revenue Service. Even if you think you did everything correctly, everyone makes mistakes, which can result in harsh penalties. However, audits are extremely rare. Some reports estimate that only 1.1 percent of people who file end up with an audit.
Few things are as financially unnerving to Georgia taxpayers as having a delinquent tax bill to the IRS. Even worse, perhaps, is knowing one does not have the ability to pay it, even with a payment plan.
You might have filled out your tax forms perfectly, but at least one red flag raises your chances of an IRS audit. Or perhaps you are not sure whether to record something in case it turns out to be a red flag and you have lost the documentation backing it up.