Is your business safe from Covid lawsuits?

scales of justice and a gavel

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…

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Rioting damage to your business

Broken Window

    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…

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Do you wish that people gave you more credit?

picture of tax credit words

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…

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The most oft-asked question about stimulus checks

Stimulus check

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…

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Identity Theft – Part III

hooded hacker

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…

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Advanced ID Theft – How they do it

Warning sign alert

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…

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RMDs made PDQ

New RMD rules

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…

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The worst kind of ID theft

scales of justice and a gavel

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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Your stimulus check- how to make sure IRS gets it right

90 key adding machine

Most of us are a little doubtful of the IRS’ ability to get things exactly right especially with the rebate being partially phased out as your income goes up. If you’d like a method of double-checking the government’s calculation of your soon to be coming stimulus check, feel free to use our calculator below. Just…

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