by Jonathan Bill | Apr 2, 2020 | COVID-19, Personal, Small Business
We have received a record number of calls regarding the new Coronavirus Aid, Relief and Economic Security (CARES) Act, which President Trump signed into law on March 27, 2020. This $2 trillion economic stimulus legislation aims to provide relief for individuals and...
by Jonathan Bill | Mar 1, 2020 | Personal, Tax Season
Several years later, the 2017 Tax Cut & Jobs Act continues to impact our taxes and the tax return forms we use. Keep these changes in mind when filing this year: Standard Deductions — The standard deduction is a specified amount that’s subtracted from your AGI to...
by Jonathan Bill | Feb 16, 2020 | Personal, Retirement
According to a recent study by GOBankingRates, Georgia ranks as one of the best states to retire if you’re trying to stretch your nest egg. If you have $100,000 saved, for example, you can expect to live off that for 877 days in Georgia (roughly 2-1/2 years). The...
by Jonathan Bill | Jan 3, 2020 | Personal, Retirement, Tax Season
President Trump signed into law in December a bill to keep the federal government funded. As part of that bill, several new tax changes were enacted, include some major changes to retirement plan rules. The new “SECURE” Act is designed to encourage retirement savings...
by Jonathan Bill | Dec 16, 2019 | Personal, Tax Season
With just a few weeks left, take a look at this checklist to make sure you’re ready for the new year: 1 — Take Your RMDs: If you’re 70½ or older, you’ll need to take required minimum distributions from your qualified retirement accounts by December 31 — or face a...
by Jonathan Bill | Nov 18, 2019 | Biz Taxes, IRS, Personal
Over the last couple weeks, the IRS has announced a few updates that will apply to the 2020 tax-filing season (for returns processed in 2021). Keep these changes in mind while planning your finances. Retirement Plan Contribution Limits Increased » The limit on...
