SJG News
NEWS ALERT: What Financial Records Should I Keep?
Good financial records lay the foundation for mapping business progress, preparing statements, identifying key income sources, tracking deductible expenses, keeping track of property, preparing your tax returns, and supporting the items you report on tax returns. One of the questions we get most often is how long to keep financial
NEWS ALERT: Emancipation Day Pushes Tax Filing Date to April 18
If you are one of those adrenalin-junkies who waits until the last minute to file your taxes, you’ll have a few more days to fill the rush this year – thanks to Emancipation Day. Observance of this low-profile federal holiday, which was created to commemorate the end of slavery, has
Growing the SJG Team, One Family Member at a Time
S.J. Gorowitz Accounting & Tax Services, P.C. celebrates the latest tax deduction added to our family with the birth of Senior Associate Jane Ho’s son on December 24, 2016. Nam Nguyen weighed 6lbs. 13 oz. and measured 20 inches. Proud father Thao Nguyen and big sister Eileen have been enjoying
News Alert: Buyers BEWARE, Businesses BEWARE… Sales tax rates changing for Atlanta & Fulton County
New Sales Tax Rate in Atlanta Beginning March 1, 2017, the local sales and use tax rate in Atlanta increased from 1% to 1.5%. When combined with the Fulton County rate of 7%, the new state and local rate in the city became 8.5%. The total sales tax rate in
NEWS ALERT: Tax Return Due Dates Changes for 2016 Tax Year
Now that we have gotten settled into 2017, it’s time to get ready to prepare for tax filing season. The American Institute of Certified Public Accountants (AICPA) for years has advocated for more logical and sensible due dates for income tax returns. As a result, new due dates will go
NEWS ALERT: Deadlines for 1099-MISC have changed for 2016!
Until now, employers had two dates to keep in mind when preparing 1099’s and W-2s. Beginning with 2016 forms, employers will now have one filing deadline for all Federal information returns – January 31, 2017. This applies for both employee and agency copies, or whether filing paper or electronic returns.
Featured Posts
What is a W-9 and Why Do I Need It? Back by Popular Demand.
Form W-9 is an Internal Revenue Service form which is used to request and confirm the name, address, and taxpayer identification information of a taxpayer. Purpose of Form W-9 An individual or entity who is required to file information returns …
Which Business Financial Records Should I Keep? And For How Long?
All businesses, whether large or small, produce an array of records. Maintaining and retaining these records is more than a matter of keeping items in case they are needed for reference or if a business is audited in the future. …
The IRS is a “Hot Mess” says the Washington Post; Here’s Evidence to Prove It
Are you still waiting for your 2020 Individual Tax Refund? You may have to get in line. The IRS’s backlog of unprocessed individual and business tax returns has grown to more than 35MM, notes a report from the national taxpayer …
