Facts about IRS and Forfeiture of Assets
When you get two tax attorneys discussing how IRS can take your assets before you are even accused of a crime, it gets my attention. As our guest speaker attorney Kelly Phillips says, “Due process is a fundamental Constitutional right.” You may feel like you’re in a law school class, but the audio below is…
Read MoreIs your business safe from Covid lawsuits?
Our friends at the law firm of Berman, Fink Van Horn PC just published an excellent article on protecting your business from Covid lawsuits. Although written with healthcare providers in mind, the legal guidelines and protective acts could apply to any business. Attorney Kenneth Winkler offers the following summary of the new Georgia law: Under…
Read MoreRioting damage to your business
I recently spoke to a client in North Atlanta whose business storefront suffered damage from the riots in the city. Although a deductible casualty loss was the last thing on their mind, it might be helpful to cover this topic as it relates to damage to your business property. The recent riots in…
Read MoreDo you wish that people gave you more credit?
Work Opportunity Tax Credit extended through 2020 If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for a valuable tax credit known as the Work Opportunity Tax Credit (WOTC). Generally, an employer is eligible for the credit…
Read MoreThe most oft-asked question about stimulus checks
Q: What if you had extra one-time income (an IRA withdraw for example) and exceeded the income limit to receive an advance stimulus payment? A: The law specifies that stimulus checks are based on a temporary, refundable tax credit for tax year 2020. If your income will be substantially less this year and you otherwise…
Read MoreSmall Business Alert!
Don’t fall for newest IRS scam
Read MoreIdentity Theft – Part III
In parts one and two of our ID Theft series, the focus was on an outsider taking your money. Today our guest editor, Judge Kathy Brown Valencia, focuses on a different aspect of ID theft. What if a member of your business team uses ID Theft to place the blame on your business? We urge…
Read MoreAdvanced ID Theft – How they do it
When it comes to protecting ourselves from ID theft, our problem is that most of us don’t think the same way that a criminal does. Good legal advice becomes vital because an attorney who has presided over such cases can share some of the methods that ID thieves may use. Our guest editor this week…
Read MoreRMDs made PDQ
This subject reminds of a famous line from the movie Jurassic Park. “Your scientists were so preoccupied with whether or not they could, they didn’t stop to think if they should.” So even though you could access your IRA account in a tax-advantaged way, you should be careful about raiding your retirement funds except for…
Read MoreThe worst kind of ID theft
Although we’re very good at tax and accounting, when it comes to legal matters, it always pays to consult a good attorney and, in this case, a sitting Magistrate Judge. Judge Kathy Brown Valencia is our guest editor this week. She serves as Magistrate Judge, Post 2 (county-wide), and is the incumbent candidate for the…
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