Volunteering with the Special Olympics

special olympics georgia

A little over a year ago, Candace Spencer, a Tax Manager here at SJG, was looking for a way to give back to her community and volunteer with a charitable organization, but wasn’t sure what to do. She didn’t just want to volunteer for something random – she wanted to find something that would touch her heart. “I was trying to find the perfect fit for me, so that my work would be meaningful both for the organization and for me personally,” says Candace. As she was listening to the radio one morning, she heard a segment about the Special Olympics of Georgia that mentioned they were looking for volunteers. “Listening to the other volunteers describe their experiences on the radio, I realized this could be it.” She immediately went online to learn more about the organization and the upcoming Special Olympics Winter Games. After viewing photo galleries and videos of previous games, she knew this was the organization she wanted to work with. Candace’s first volunteer event was the 2013 … [Read more...]

Andrea Utsey Celebrates 10 Years with S.J. Gorowitz

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S.J. Gorowitz Accounting & Tax Services, P.C. is very excited to celebrate the 10-year working anniversary of Andrea Utsey, firm administrator. Any client who has ever called us, sent us an email or stepped through our front door over the last decade has had the pleasure of interacting with Andrea and we couldn’t be happier to have her as a member of our team. Andrea got her start while in high school, where she applied to and was accepted into the La-Z-Boy Chair Company’s vocational program, the first junior to ever be accepted. “I was so excited to be accepted to work for such a well-known corporate name,” says Andrea. “Plus, they paid higher than minimum wage, which was huge for a high school kid at the time." In this role, she performed administrative tasks for the corporate headquarters. Upon graduation, she was offered a full-time role but decided to decline it and bought a one-way ticket to Atlanta. She landed her first role in Atlanta at a CPA firm in Buckhead, … [Read more...]

Tax Season Is Over at Last

SJG Tax Alpharetta

By Stacey Gorowitz, CPA, MBA If you’re like most people, you’re heaving a sigh of relief this week and feeling like a huge weight has come off your shoulders, all because this year’s taxes are over and done with at long last. From finding the documents you need to writing the check (or waiting to get your refund), none of the tax-associated activities are likely to be at the top of your “favorite things about spring” list. Handing the task over to a good CPA makes it much less of an ordeal, but even if you did so you probably picked up some general tax season angst from friends and colleagues who weren’t as smart about outsourcing the job to a professional. It seems there is no escape from the stress of taxes. That makes sense, given that American citizens file over 146 million returns (just counting individual filers, not business) that represent $1,371,402,000,000 in taxes! That’s an awful lot of money, especially considering that the median adjusted gross income was just … [Read more...]

What’s New for QuickBooks 2014?

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By Candace Spencer CPA , MAFM and Certified QuickBooks Pro Advisor If you own a small to medium-sized business, the odds are good that you’re using QuickBooks as your financial reporting tool. Depending on which version you are currently using, it’s also likely that many of the features are scheduled to be discontinued. Each year when Intuit releases a new QuickBooks edition, they also sunset, or no longer support or provide technical assistance for, a particular version that is several years older. This also means that certain features will no longer function. These include bill pay, online banking, accountant’s copy file transfer, payroll services, credit card processing, and emailing of customer invoices using QuickBooks email service. This year on May 31, 2014, QuickBooks 2011 will ride into the sunset. Therefore, if you have any version of QuickBooks earlier than 2012 and use the features scheduled to be sunsetted, you should consider purchasing QuickBooks 2014. Here are some … [Read more...]

Are Your Books A Mess?

SJG Business Advisory Alpharetta

By Stacey Gorowitz, CPA, MBA Just as in personal life, most of us are eager to start our businesses off on the right foot in the New Year. One of the best places to focus attention on is bookkeeping and accounting. If you’re on top of this, you’ll have a good view of the health of your business and be able to make informed decisions as the year progresses. And yet, it’s very common, even for successful companies, to let accounting take a back seat to other operational areas. Here are some questions you should ask yourself as 2014 begins. They may help you find out just how much work you need to do to get your books into shape. Do any of these scenarios sound familiar to you? If you have several businesses, is the accounting and record-keeping set up separately for each company and separate from your personal finances so that you have a clear picture of operations? This is step one to good financial management for your business and your personal finances. Can you look at … [Read more...]

1099s Repealed for Corporations! So Do You Need to File Them at All?

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By Stacey Gorowitz, CPA, MBA Although the IRS officially repealed the onerous expanded information reporting requirements for payments made to corporations, the stakes are higher with enhanced penalties for failing to file 1099s when required. Here’s a brief summary explaining when and to whom you do need to file Form 1099 for 2013: When: 1099s are required to be sent to vendors by January 31, 2014 and the corresponding 1099s and summary form 1096 are required to be sent to the IRS by February 28, 2014. Who: All individuals and partnerships including certain corporations to whom you’ve paid $600 or more during the year must be issued a 1099. Individuals would include nonemployees (EX:  Day laborers or subcontractors), etc. Additionally, 1099 reporting is also required for: Rental payments for office space, as well as equipment and machinery. Royalties paid of $10 or more are also included in the 1099 reporting requirement. There are a few exceptions to the general … [Read more...]