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...]

2018 Changes to IRS Standard Mileage Rates

2018 Changes to IRS Standard Mileage Rates

Each year, the Internal Revenue Service (IRS) sets standard mileage rates for business based on an annual study of fixed and variable costs of operating an automobile, including depreciation, insurance, repairs, tires, maintenance, gas and oil. Beginning January 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 54.5 cents for every mile of business travel driven, up 1 cent from the rate for 2017. 18 cents per mile driven for medical or moving purposes, up 1 cent from the rate for 2017. 14 cents per mile driven in service of charitable organizations. The business mileage rate and the medical and moving expense rates each increased 1 cent per mile from the rates for 2017. The charitable rate is set by statute and remains unchanged. Here are a few things to keep in mind when considering whether deductions apply to you: Business miles are miles you’ve driven specifically for business. Business miles are NOT miles … [Read more...]

IT Security & Data Redundancy at SJG – What We’re Doing for You

IT Secuirty

Long before the security breach at Equifax, companies and individuals have been plagued by growing threats from ransomware, malware, identity theft and computer viruses. At S.J. Gorowitz Accounting and Tax Services, P.C., (SJG) keeping your accounting data safe is a huge priority. SJG recently secured services from a local technology company, Xcentric, LLC, to improve security and data redundancy. Based in Alpharetta, Xcentric specializes in data and application hosting for CPA firms across North America. … [Read more...]

Goodbye 2016, Hello 2017

Goodbye 2016, Hello 2017

With the passing of each tax deadline I take a moment to reflect on all that we’ve accomplished and all that we’ve learned. I’m pleased to say that after this October 16 Tax Extension Deadline I recognize how fortunate I am to be surrounded by a team of focused professionals who know how to get even the most complex returns completed and helped our clients prepare well enough in advance to circumvent any unexpected problems. … [Read more...]