Changes Are Coming to Your 401(k) Statements
A new information policy will soon impact your 401(k) statements, thanks to the Secure Act, which was passed in 2019. The legislation requires special disclosures be added to your quarterly statements issued after June 30.
Selling Your Home? Keep These Tax Effects in Mind
With today’s hot real estate market, you may be considering selling your home. Before you do, consider these possible repercussions to your federal income tax.
Graduation Season Reminder: Save Money with Tax Credits & a 529 Savings Plan
If your child is graduating from high school this year, congratulations! You’re obviously very proud. But you may also be more than a little worried about how to pay for higher education. Whether it’s specialized job training or an advanced degree, there are a lot of costs associated with higher education.
Thinking of Starting a New Business?
Last week was National Small Business Week. Because small businesses play a pivotal role in the nation’s economy, the Small Business Administration and the IRS teamed up to highlight the tax benefits and resources available to entrepreneurs. Here are some of the highlights you need to know.
Thank You for Allowing Us to Serve You
Tax season has come and (mostly) gone. All those forms and figures are put to rest for another year. And while we’re catching our breath, we wanted to say “Thank You!” for putting your trust in us. For more than 10 years, Premier CPA Services has strived to provide you with the best tax preparation possible. Our goal is always to help you pay the minimum amount of taxes necessary while making sure everything is done efficiently, timely and accurately.
Tax Matters: Report Those “Miscellaneous” Types of Income & Assets
When you earn several types of income throughout the year, it’s easy to lose track and forget to report some. The IRS does not forget, however. So be sure to report gig work, virtual currency and foreign income and assets.
Will You Be Receiving a Special Georgia Tax Refund?
Thanks to a State of Georgia revenue surplus, legislators passed (and Governor Kemp signed) HB 1302, which provides Georgia taxpayers a refund of some or all of their 2020 income taxes due. Here’s what you need to know.
There’s Still Time To Contribute To Your IRA for 2021
If you haven’t yet made a contribution to your IRA for 2021, you still have time. The deadline is the same as the tax-filing deadline: April 18, 2022. What’s more, if you plan to make a contribution by that date, you may be able to claim the deduction on your 2021 tax return.
Parental Custody & Tax Credits: What You Need to Know
Do you have a legal agreement with your child’s other parent about who claims the child on their taxes? If so, you may have some questions about how to handle the Child Tax Credit and the 2021 Recovery Rebate Credit when filing your tax return.