Written by Eamonn McElroy, CPA, Atlanta Published October 31, 2022; Last updated January 29, 2024 One of the first questions that usually pop up when an individual forms their first business is “What is a registered agent, and what do they do?” Usually, the new business owner will list themselves as the registered agent for […]
Making the case: Why you should hire a commercial registered agent Read More »
Written by Eamonn McElroy, CPA, Atlanta Published April 28, 2022 On March 23, 2022, Governor Kemp signed Georgia House Bill 1302 (“HB 1302”) into law. HB 1302 directs the Georgia Department of Revenue to return more than one billion dollars in surplus state funds to qualified taxpayers through a one-time credit. Who is a “qualified
Additional refunds authorized for Georgia taxpayers Read More »
Written by Eamonn McElroy, CPA, Atlanta Published December 19, 2021 Background IRS Form W-9 is an informational form. It is not filed with the IRS, rather it is used to provide a US taxpayer’s tax identification number to a requester. If a payor has paid $600 or more in cash, check and/or e-check/EFT to a
How To Guides: Correctly completing an IRS Form W-9 with examples Read More »
Written by Eamonn McElroy, CPA, Atlanta Published December 2, 2021 The Infrastructure Investment and Jobs Act (“IIJA”) was signed into law by President Biden on November 15, 2021. While the IIJA primarily deals with government investments in infrastructure, there are a couple tax provisions which may affect the average taxpayer and business owner. These are
Legislative Update: The Infrastructure Investment and Jobs Act Read More »
Written by Eamonn McElroy, CPA, Atlanta Originally published November 29, 2021; Last updated May 18, 2022 Background The CARES Act of 2020 contains a provision that allowed many individuals with self-employment income during the 2020 tax year to elect to defer part of that self-employment tax over two years. The first half of the deferral
Written by Eamonn McElroy, CPA, Atlanta Originally published September 25, 2021; Last updated May 18, 2022 Background Many individual taxpayers are required to make quarterly estimates of their tax liability to avoid underpayment penalties. Traditionally, these payments are made by mailing a check or money order with a voucher. However, for those taxpayers who don’t
How To Guides: Pay Your 1040 Quarterly Estimate online using IRS Direct Pay Read More »
Written by Eamonn McElroy, CPA, Atlanta Published August 11, 2021 Background This article is part one of a series. In this series, we’ll examine forms and reports that a US person1 may be required to file if they have assets or financial activity outside the US. Today, we’re examining FinCEN Form 114, Report of Foreign
Foreign Compliance Series – Part One: FinCEN Form 114 – aka the “FBAR” Read More »
Written by Eamonn McElroy, CPA, Atlanta Published June 20, 2021 Background Unfortunately, data leaks and theft of sensitive consumer information have become all too common. Hackers and thieves often target companies that have this information with the goal of selling the information on the dark web, fraudulently applying for and obtaining credit cards, and filing
IP PINs: A “cheap” preventative measure and why you need one. Read More »
