In a new Revenue Procedure, IRS has provided the 2020 inflation-adjusted contribution, deductible, and out-of-pocket expense limits for health savings accounts (HSAs). HSA basics. Eligible individuals may, subject to statutory limits, make...
Read MoreTaking care of business: Why should I keep records?
Everyone in business must keep records. Creating and maintaining thorough business records is essential. It is very important that business owners make a habit of recording their business transactions every day. It will assist in making informed...
Read More2018 Tax Payments Fall Short? You May Be Eligible for Penalty Relief
The IRS announced that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS is generally waiving the penalty...
Read MoreColumbia County ESPLOST
Free Shred Event!
Tired of having all those old documents in your attic? Ready to do some spring cleaning? Well get busy! Our office will be hosting a FREE shred event, compliments of The Cleveland Group and Augusta Data Storage. The event will take place...
Read MoreThe 2018 Child Tax Credit Changes: What You Need to Know
Many people claim the child tax credit to help offset the increasing cost of raising children. The Tax Reform enacted last year made changes to that credit. If you have children, here’s what you need to know about the changes made to the...
Read MoreTax reform affects if and how taxpayers itemize their deductions
The Tax Cuts and Jobs Act enacted in late 2017 affects both individuals and businesses. In addition to nearly doubling standard deductions, TCJA changed several itemized deductions that can be claimed on Schedule A, Itemized Deductions. This...
Read More401(k) and IRA contribution limit increases for 2019
The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,500 to $19,000. The limit on annual contributions to an IRA, which last increased...
Read MoreHoliday Hours
In observance of Thanksgiving, our office will be closed Thursday, November 22nd and Friday, November 23rd. We will resume normal business hours on Monday, November 26th.
Read MoreIRS Offers Tax Relief to Hurricane Michael Victims
According to the IRS, Hurricane Michael victims in Florida and elsewhere have until Feb. 28, 2019, to file certain individual and business tax returns and make certain tax payments. The IRS is offering this relief to any Major Disaster...
Read MoreOur office will be closed
Our office will be closed Friday, November 2, 2018 for Staff Training. We will resume normal business hours on Monday. Thank you for your consideration.
Read MoreIRS Offers Tax Relief to Hurricane Florence Victims
The IRS announced Saturday that Hurricane Florence victims in the affected counties of North Carolina have until Jan. 31, 2019, to file certain individual and business tax returns and make certain tax payments. They are offering this relief to...
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