GA

On May 4th, 2021, Georgia Governor Kemp signed into law HB 149, a bill that creates an election for partnerships and S-corporations to be taxed at the entity level. This is an annual irrevocable election, that has to be completed before the due date of the return, including any extensions.

In tax, the idea of domicile or residence determines who, what state or country, can tax you. If you move to another state or another country, then your tax residence changes too, right?

In Georgia, the Department of Revenue oversees collecting and enforcing many of the State’s taxes, including income tax. This includes conducting audits in personal and business returns. If the Georgia Department of Revenue is auditing your return, here are three things you should do.

The rollout of the Payroll Protection Plan loans has been fraught with peril for not only those trying to take the benefit but also for those advising them. The program’s stated goal was to provide a quick influx of cash for small businesses to help them cover expenses, especially payroll, through the pandemic.