Twenty Million Benefits of Tax Planning

Save More on Your Taxes This Year

SJG clients who participated in year-end income tax projections and tax planning in November and December of 2017 realized more than $820,000 in real tax savings! This is over and above their tax savings recognized throughout 2017. This equated to $68,000 on average per related entity group -- simply by implementing year-end suggestions. Our clients consider this money well spent! In 26 years of operations, SJG has helped clients who have utilized our end-of-year tax planning services and adhered to our recommendations participate in tax savings of more than $20 million dollars. End of year tax planning requires diligence on the part of the taxpayer, a sharp pencil and decades of experience from your CPA. Some of the most common strategies included: Structuring Year-end Bonuses Adjusting Withholding and Estimated Tax Payments Maximizing Contributions to Retirement Plans Charitable Gifting Strategies Utilizing State Tax Credits Developing strategies that are … [Read more...]

SJG is Hiring: Part-time Administrative Assistant

Administrative Assistant

S.J. Gorowitz Accounting & Tax Services, P.C. is an, award-winning, boutique, CPA firm located in Alpharetta, GA supporting expanding and emerging businesses and their owners. With a great commitment to our values, we care about one another and our clients, and we pursue the highest standards. Our team members are honest, kind, and fun. This is not your typical CPA firm. We genuinely enjoy one another and our clients, and believe that the best work gets done in a supportive, happy work environment. We are seeking a team member who enjoys collaboration and wants an opportunity to work in a professional CPA firm environment with diverse clientele. If you are a driven and enthusiastic professional with two years minimum in an office administration role, joining the SJG team is a great opportunity to excel and continue your growth. Some benefits of joining our team Work with confidence by taking advantage of our quarterly professional development program with coaching to assist … [Read more...]

QuickBooks 2018 Offers Great New Features and a Compelling Reason to Upgrade

Quickbooks 2018

Each year Intuit releases an upgrade to QuickBooks™ Desktop accounting software and discontinues support for versions greater than two years old. This year, on May 31, 2018, Intuit will cease support for the 2015 version of QB Desktop and SJG, therefore, recommends that businesses using versions 2015 or earlier should upgrade now. We are excited about this years’ QB 2018 release as it includes several new and quite a few improved features that make this upgrade one users should take notice of. Included in the Pro, Premier, Accountant, Enterprise versions, users will find: Multi-Monitor Support: Now users can view QuickBooks on up to three connected monitors at once, whereas previously QuickBooks only provided support for one monitor. This feature update is good news for the many users like myself who are taking advantage of the multi-monitor support in other applications. Access this feature from the Menu Bar by selecting View > Switch to Multi-monitor Mode. Past Due … [Read more...]

2017 Form 1099 News Alert – Here is what you need to know.

1099 Form

When: 1099s are required to be sent to vendors by January 31, 2018 and the corresponding 1099s and summary Form 1096 are also required to be sent to the IRS by January 31, 2018. Who needs to be issued a 1099-MISC? Generally, you should include all vendors to whom you’ve paid $600.00 or more during the year that are not incorporated. Your list likely includes individuals, partnerships, and some corporate entities, including: Contractors Non-employees Rental payments for office space, equipment, or machinery Royalties paid in the amount of $10 or more Exception: Attorneys should be issued 1099s, regardless of whether the attorney/firm is incorporated or not incorporated. Why: Why are these forms required in the first place? The payments made to vendors are a tax-deduction to your business. By issuing 1099s, you not only verify your expenses but also help the IRS track keep track of who received the income and match that to their income tax returns. If the rule … [Read more...]