by Jonathan Bill | Dec 30, 2020 | Biz Taxes, COVID-19, GA Taxes, Small Business
On December 27, 2020, President Trump signed into law the newest $900 billion COVID-19 relief bill. The legislation, part of the Consolidated Appropriations Act, 2021, provides additional pandemic relief and clarifies the deductibility of business expenses paid with...
by Jonathan Bill | Oct 8, 2020 | Biz Taxes, COVID-19, Small Business
I f you were among the first to receive a Paycheck Protection Program (PPP) loan, you may have recently received a notice from your lender that payment was due. This is because those early loans generally provided for a six-month deferral period. However, the SBA just...
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 | Jul 14, 2019 | Personal, Retirement
The Peach State is among the top 10 tax-friendly states for retirees, as ranked by Kiplinger in 2017. Social Security income is exempt from Georgia state taxes, as is up to $35,000 of most types of retirement income for anyone age 62 to 64. When you hit 65, the...
by Jonathan Bill | Jun 27, 2019 | General Info, IRS, Personal
People tend to underestimate how much they are going to need for retirement. Americans aged 65-74, for example, currently spend an average of $55,000 a year. But 60% of Baby Boomers who haven’t yet retired believe they will need less than that to live on during...