Key Section 1031 Exchange Facts

When it comes time to sell a business or investment property, real estate owners must consider significant taxes on gains against any profit. However, if the plan is to re-invest in another property, Section 1031 of the U.S. tax code provides a welcome relief.

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Virginia Tax Amnesty Program

Over the past few years states have been passing new regulations that give taxpayers some leeway on tax remittance and when various taxes are to be assessed. Unlike the federal tax structure where the same rules apply anywhere in the U.S., state Departments of Revenue are free to create and change regulations as needed.

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Sales Tax Free Weekend Changes

Over the last few years, the Georgia Department of Revenue has sponsored sales tax holidays, which are designed to provide relief to shoppers making back-to-school and related purchases. In 2017 the Legislature voted not to continue this program.

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Preparing a Business for Sale

Change is inevitable in every business, though it can also be very difficult. Making the decision to sell a company or to merge with another organization is often not an easy one.

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Protecting Against Benefit Plan Audit Fraud

Fraud is a fundamental problem that businesses must protect themselves against. When an incident of fraud is uncovered not only does it destroy trust between management and employees, it can also end up costing the business tens to hundreds of thousands of dollars.

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Succession Planning Best Practices

Planning is at the core of effective business management. There is almost no shortage of plans that management can make to ensure the vitality of the company.

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Key Details of President Trump’s Tax Plan

President Trump recently released his administration’s outline of proposed tax reforms and changes for 2017. The proposal contains significant and sweeping changes to the U.S. tax code which would simplify how Americans are taxed – both individuals and businesses.

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Georgia Sales and Use Tax Basics

More and more, businesses are selling to customers across to state lines thanks to the convenience of the internet. This can create confusion about out-of-state tax obligations.

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