Category: Accounting
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Employer Educational Assistance Programs
Employer educational assistance programs can still be used to help pay off workers’ student loans through Dec. 31, 2025 Though educational assistance programs have been available for many years, the option to use them to pay for workers’ student loans has only been available for payments made after March 27, 2020. Under current law, this…
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Corporate Transparency Act
Beneficial Ownership Information Reporting Requirement Starting January 1, 2024, a significant number of businesses will be required to comply with the Corporate Transparency Act (“CTA). The CTA was enacted into law as part of the National Defense Act for Fiscal Year 2021. The CTA requires the disclosure of the beneficial ownership information (otherwise known as…
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Accessing Your Tax Return
PORTAL Accessing Your Tax Return and Paying Your Invoice New User: Click the folder and it will drop down where you will see your tax return. Returning User: Click the folder and it will drop down where you will see your tax return.
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Business Structures
When beginning a business, you must decide what form of business entity to establish. Your form of business determines which income tax return form you have to file. The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A Limited Liability Company (LLC) is a business structure allowed by state…
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Year End Bookkeeping
November 26th through December 15th is the time to contact us… If you are contemplating year-end strategies to lower taxable income, a thorough review of your year-to-date financials is required as a prerequisite. As a reminder, our office will be closed for two weeks during Christmas and New Year’s. It is a time when all…
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Cook reminds employers, business owners of Jan. 31 filing deadline for wage statements, independent contractor forms 1099
Cook & Co. Tax Advisors today reminded employers and other businesses that Jan. 31 remains the filing deadline for wage statements and independent contractor forms. The Protecting Americans from Tax Hikes (PATH) Act of 2015 started a requirement for employers to file their copies of Form W-2, Wage and Tax Statement, and Form W-3, Transmittal…
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Early Due Dates for W-2, W-3 and Form 1099-MISC
Employers face a January 31, 2018, due date for filing 2017 Forms W-2 and W-3 with the Social Security Administration. This date applies to both electronic and paper filers. Form 1099-MISC is due to the IRS and individuals by January 31 when reporting non-employee compensation payments in box 7. Penalties for failure to file correct…
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Sales Tax Change Reminders
7019 Coosa County New Admin Sales/Use Tax 2% Effective February 1, 2017, taxes due on or before March 20th 7019 Coosa County New Admin Lodging Tax 6% Effective February 1, 2017, taxes due on or before March 20th 9660 Thomaston New Admin Sales/Use Tax 3% Effective February 1, 2017, taxes due on or before March…
