08Feb 2017

IRS Tax Tip 2017-11  – As posted today, February 8, 2017 The Child Tax Credit is a tax credit that may save taxpayers up to $1,000 for each eligible qualifying child. Taxpayers should make sure they qualify before they claim it. Here are five facts from the IRS on the Child Tax Credit:     […]

01Feb 2017

What You Need to Know:   Some refunds must be held until February 15.   According to a new tax law change, the IRS cannot issue refunds before February 15 for tax returns that claim the Earned Income Tax Credit or the Additional Child Tax Credit.   This applies to the entire refund, even the […]

25Jan 2017
personal tax preparation

Preparing for your individual tax return can be tricky and time consuming. The federal government estimates that 60% of individuals use paid preparers to complete and submit their tax returns. If you are one of these people, it’s important to get started right away so you can have a successful tax preparation meeting with the […]

19Jan 2017

To determine which reimbursement plan is suited for your company, you should understand how the plans are defined, the requirements and the advantages and disadvantages. Accountable Plan – commonly associated with Expense Reports To be an Accountable plan, the reimbursement must require the Employee to meet the following three criteria: The Employee must have paid […]

05Jan 2017

If/Then Chart Explains How the Health Care Law Affects You From IRS Health Care Tax Tip 2017-01, January 4, 2017 As you prepare to file your 2016 tax return, review this chart to see how the health care law affects you. If you have more questions, please contact NGAS we are here to help. IF YOU… […]

15Dec 2016

There are things you can be doing as an individual or a small business owner that can save you money on your 2016 taxes, but you’re running out of time to get those things done. At North Georgia Accounting Solutions, we encourage our clients to take a short break from their Christmas shopping and give […]