Beware of tax-related scams
As you may know, there are lots of bad guys out there trying to steal your sensitive information. All of us here at Premier Tax & Accounting Services prioritize keeping your finances secure, so here are some tips to avoid the scams: 1. Be wary of unexpected...
ALERT! New federal Beneficial Ownership Information regulation may apply to your small business*
UPDATE: Federal Beneficial Ownership Information regulation found unconstitutional A federal judge in Texas ruled in early December 2024 that the Beneficial Ownership Information (BOI) rule of the federal Corporate Transparency Act (CTA) is unconstitutional. You may...
Mark your calendar for tax prep deadlines
Tax season is here and as your tax professionals, we can’t wait to serve you again this year! Please note the following deadlines for providing your materials to us in time for the tax-filing deadlines: February 15: S-Corp/Partnership Tax Returns to file by March 15...
Jennifer Richardson to lead our Tax Division
Premier Tax & Accounting Services is excited to announce that Jennifer Richardson is our new Tax Division Lead. Jennifer has been with us for six years and is a resident of Blairsville. She graduated from the University of West Georgia, with a BBA in Accounting,...
Year-end tax planning time is here
Before you know it, we’ll all be saying “Happy New Year!” With the end of the 2023 quickly approaching, it’s a good time think about your financial situation and tackle a few tasks. Tax planning between now and December 31 can have a significant impact on your...
Business Owners: How should you pay yourself?
As the owner of a small business, you have two basic options for how to pay yourself: Drawing money from your business bank account or paying yourself a regular salary. But beyond that, it gets a bit complicated. Some business entity types have restrictions on how...
Teachers can deduct out-of-pocket expenses
As the new school year kicks off, it’s worth noting that there is a federal tax deduction for teachers and other education professionals who incur out-of-pocket classroom expenses. The deduction is for up to $300 in 2023, the same amount as in 2022. In the future, the...
Lower your tax bill by hiring family members
If you’re a small business owner, there are some tax advantages you might be unaware of that can lower the overall tax bill for your family, if you decide to employ family members in the business. It’s commonplace for multiple family members to work in a small...
Maximize your retirement savings with an IRA
A lot of people are not putting enough away for retirement. Numerous studies bear this out. For example, 55% of Americans are behind on saving for their golden years, according to reporting from CNBC. A National Institutes of Health paper says research suggests...