For Georgia businesses, a tax audit can be a difficult experience. However, there are some ways that a company might try to avoid attracting undue attention from tax authorities. For example, if the company is doing its own taxes, it might be beneficial to use...
Month: November 2014
Voters decide to freeze income tax rate for top earners
During the recent November election, Georgia voters decided to freeze the income tax rate for the highest earners in the state. The decision to make the constitutional amendment will mean that the top income tax rate will remain at its current level of 6 percent, and...
Income taxes in Georgia
Taxpayers in Georgia may benefit from learning more about how to ensure that income taxes are properly filed and accounted for. In accordance with federal regulations, some taxpayers in Georgia may be required to file their returns electronically. Georgia residents...
Michael Jackson’s estate valuations
Georgia fans of Michael Jackson's music may be interested to learn that on Oct. 20, the Internal Revenue Service admitted to making an error in its valuation of the late musicians estate. The report stated that the mistake actually increased the estate tax by...