Contact NGAS now – we are here to help review your charitable contributions and complete your tax return Donating to your favorite Charity can qualify as a beneficial itemized deduction on your tax return, however, it is important to understand what qualifies as a contribution and what is a qualified organization. Qualified Organizations To confirm […]
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: […]
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 […]
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 […]
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 […]
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… […]
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 […]
As we close on the end of the year and start to prepare for next year having a business tax checklist to work from will come in handy. If you are wondering what your tax burden for your small business will be like next year North Georgia Accounting Solutions can help you. We work with […]
Knowing how to save tax dollars for 2016 may not be on your mind right now, but soon it is going to become very important. The team at North Georgia Accounting Services is looking out for you and has come up with 5 quick tips to get you started. When it come to tax preparation […]
Now that tax season has ended, the natural temptation for most people is to forget about taxes and the premium tax credit. At North Georgia Accounting Solutions, we encourage our clients to avoid that temptation. The premium tax credit is a refundable credit intended to help eligible individuals and families with low or moderate income […]
