NEWS ALERT: All of Georgia Now Eligible for Disaster Tax Relief

Georgia Home

IRS Announced on Sept. 19, 2017 (Source: IR-2017-156) WASHINGTON – Hurricane Irma victims in the entire state of Georgia now have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today. This includes an additional filing extension for taxpayers with valid extensions that run out on Oct. 16, and businesses with extensions that ran out on Sept. 15. It parallels relief previously granted to Irma victims throughout Florida and in parts of Puerto Rico and the Virgin Islands, and Harvey victims in parts of Texas. For taxpayers in Georgia, this relief postpones various tax filing and payment deadlines that occurred starting on Sept. 7, 2017. As a result, affected individuals and businesses will have until Jan. 31, 2018, to file returns and pay any taxes that were originally due during this period. This includes the Sept. 15, 2017 and Jan. 16, 2018 deadlines for making quarterly estimated … [Read more...]

NEWS ALERT: Victims of Hurricanes Harvey and Irma: The IRS is Providing Help

Special tax relief and assistance is available to individuals who reside or have a business in the Presidential Declared Disaster Areas. The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. However, affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 866-562-5227 to request this tax relief. Taxpayers not in the covered disaster area, but whose records necessary to meet a deadline listed in Treas. Reg. § 301.7508A-1(c) are in the covered disaster area, are also entitled to relief. In addition, all relief workers affiliated with a recognized government or philanthropic organization assisting in the relief activities in the covered disaster area and any individual visiting the covered disaster area who was killed or injured as a result of the disaster are entitled to relief. Texas —The president has declared that a major … [Read more...]

SJG Announces Senior Tax Accountant Jane Giang Ho Obtains CPA License

Jane Ho

Alpharetta, GA. Aug. 30, 2017 — S.J. Gorowitz Accounting & Tax Services, P.C. (SJG), is pleased to announce that Senior Tax Accountant Jane Ho, has earned a Certified Public Accountant (CPA) license from the Georgia State Board of Accountancy. This respected license ensures that Jane Ho’s knowledge and experience exceeds the qualifications set by the American Institute of Certified Public Accountants (AICPA). “Since joining our firm, Jane has proven to be an incredible addition to the team,” said Stacey Gorowitz, Founding Principal and CEO of SJG. “Every day, she utilizes her powerful skillset and well-rounded experience to help our clients tackle their financial issues. Now that she has the official CPA designation, I cannot wait to see the continued impact she will have on our clients and community.” … [Read more...]

Selecting the Right Entity Type for Your New Business

Entity Type

There are a myriad of decisions that need to be made when starting a new business but the importance of selecting the right type of entity structure should not be underestimated. At first glance it may seem simple and straightforward, but beware! The wrong entity type can prove costly both initially and in the future. … [Read more...]