Internal Controls We evaluate your current systems for effectiveness and efficiency. One of the most overlooked aspects of running a Atlanta business is the establishment of internal controls and policies to ensure that things are run smoothly and efficiently and that protections of your resources are put in place. Having an experienced and well-trained professional […]
Non-Profit Organizations As a non-profit organization, the IRS has specific reporting requirements that must be met each and every year in order to continue to qualify for tax-exempt status. This includes submitting Form 990 and its relations, including a number of specific items such as: An Income Statement providing category breakdowns on donations, salaries paid, […]
Bussiness Consulting Business Financial Group helps you operate a more efficient and compliant small business. Business Financial Group considers its role as an experienced and trusted advisor on issues of critical importance to your business: new start-ups, finance, operations and profit planning. Our advisors can help you by delivering services that keep your business on […]
Cash Flow Management Keep on top of your businesses finances Wouldn’t it be nice if running a Atlanta business was nothing but money coming in? Every business has creditors and expenses, and positive cash flow isn’t always a given. Finding yourself with more cash flowing out of your business than flowing in causes more than […]
Tax Preparation And Planning Preparing and planning for taxes is often a stressful and complicated endeavor for most people. Preparing your own tax return can be extremely difficult with today’s complex tax code and may often leave you with more questions than answers. These days, the majority of people and small businesses use a professional […]
Tax-Free Gifting Article Highlights: Lifetime Exclusion Annual Exclusion Medical Exception Education Exception Gifting Techniques If you are fortunate enough to have an estate large enough to be subject to the estate tax upon your death, you might be considering ways to give away some of your wealth to your family and loved ones now, thereby […]
EMPLOYER-OFFERED BENEFITS THAT CAN SAVE YOU MONEY AND TAXES Article Highlights: Health Insurance Retirement Plans Qualified Transportation Fringe Benefits Flexible Spending Accounts (FSAs) Group Term Life Insurance Qualified Employee Discounts Employer-Provided Education Assistance Adoption Expenses Child and Dependent Care Benefits Health Savings Accounts Tax law includes a number of tax- and financially favored benefits that […]
ARE YOU SUBJECT TO SELF-EMPLOYMENT TAX? Article Highlights: Self-employed Individuals Estimated Taxes Self-Employment Tax Estimated Tax Safe Harbors 1099-MISC and 1099-K Others Subject to Self-employment Tax income Not Subject to Self-employment Tax Self-employed individuals, unlike employees, don’t have someone withholding Social Security or Medicare (FICA) taxes along with pre-payments toward their federal (and state, where […]