In March, Governor Kemp signed a bill to give state income refunds to people who filed tax returns in Georgia for 2020 and 2021. Those refunds are starting to appear in mailboxes and they should be approximately $250 for single filers, $375 for head of household filers, and $500 for joint filers. If you did […]
Keep an eye on your mailbox – Georgia is issuing refunds to many Georgia taxpayers! Read More »
80% of small, growing, service-based businesses use some form of QuickBooks®. That’s more than 29 million small businesses in America that depend on this industry-standard accounting software to manage their finances, pay their vendors and even execute Payroll. Many of the smaller businesses serviced by Rhodes, Young, Black & Duncan, CPAs (RYBD) use QuickBooks® Online
When RYBD Recommends QuickBooks Online vs. QuickBooks Desktop Read More »
Bookkeeping is definitely one business activity that rewards an ounce of prevention. For many businesses owners who are fresh off their end-of-the-year financial close, staying on top of their company’s finances in the coming year takes the top spot on their resolution list. Correcting mistakes and reallocating financial posts made against the wrong budget category
Keeping Clean Books Can Help Minimize Taxes Read More »
Now that 2022 is up and running, business owners can expect to face a few challenges and tough choices as the year rolls along. No matter how busy things get, don’t forget about an easily accessible and highly informative resource that’s probably just a few clicks away: your financial statements. Assuming you follow U.S. Generally
Let your financial statements guide you to optimal business decisions Read More »
Business owners, year-end is officially here. It may even be over by the time you read this. (If so, Happy New Year!) In any case, the end of one year and the beginning of another is always an optimal time to look back on the preceding 12 calendar months and ask a deceptively simple question:
Review your strategic plan…and look ahead Read More »
In Notice 2021-61, the IRS recently announced 2022 cost-of-living adjustments to dollar limits and thresholds for qualified retirement plans. Here are some highlights: Elective deferrals. The annual limit on elective deferrals (employee contributions) will increase from $19,500 to $20,500 for 401(k), 403(b) and 457 plans, as well as for Salary Reduction Simplified Employee Pensions (SARSEPs).
IRS announces adjustments to key retirement plan limits Read More »
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