Your company has been chosen… You will receive a phone call or letter announcing the audit and, generally, the period being audited and which books and records to have available (you may be asked for more later on). Check the period being audited against your state’s statute of limitations on how far back an audit […]

As a creative business owner, it can be overwhelming to do all the daily tasks on your own. I strongly recommend you evaluate if you should do the bookkeeping and taxes, or hire a professional. There are several different levels of Bookkeeping Service in Georgia. Each of them know the basics of accounting, but the […]

The IRS on Tuesday issued a revenue procedure that provides a safe harbor for taxpayers under which a rental real estate enterprise will be treated as a trade or business for purposes of the qualified business income (QBI) deduction, (20 percent of qualified business income).Under the safe harbor, a “rental real estate enterprise” is treated as […]