Blog

PPP Loan Forgiveness

Just a quick note… The Treasury Department has provided the worksheet to apply for the PPP loan forgiveness. If you have received the PPP Loan to cover your payroll costs during the downturn, please take a look at the worksheet/application and let us know if you have any quiestions. https://home.treasury.gov/system/files/136/3245-0407-SBA-Form-3508-PPP-Forgiveness-Application.pdf   -Heritage Accounting and Tax […]

GA DOL and COVID-19

The Georgia Department of Labor has released this information that may be relevant to you as an employer in Georgia: “In response to the recent development of COVID-19, the Georgia Department of Labor (GDOL) is temporarily suspending in-person requirements for services provided by the agency. In accordance with Governor Kemp’s recommendation, the GDOL is providing […]

COVID-19 (Coronavirus)

A quick update regarding the COVID-19 Coronavirus: First of all, we understand your concerns and will work with you to prepare your returns. Also, yes, we’re open and we will remain open throughout the tax filing season (now extended to July 15). And we are still making appointments for anyone who needs one. We are […]

When Should I expect My Refund?

Are you (like many Americans) starting to think about the upcoming tax season and when you’ll get your IRS income tax refund? The tax reform law that took effect in early 2018 will still have an effect on many Americans, with the tax returns they file from January through April 15, 2020 affecting the amount […]

Starting With A Strong Finish

As you head into a new year, you also have a lot of new opportunities for your business. But how do you know if you’re well-positioned to take advantage of these opportunities? The best thing you can do for your business this coming year is to be sure you know how you finished up last […]

In Thanksgiving

The holiday season is upon us, and it brings with it all the busyness and anxiety of meals to prepare, family and friends to entertain, shopping to accomplish and more. In the midst of all this, be sure to take some time to look around at all you have. If you’re anything like me, you’ll […]

Tax Tables

The IRS has released some updated rates and information for 2019, including tax rates adjusted for inflation. If you like that sort of thing, you can read all about it here. For a brief synopsis of the new tax tables for individual, we have them here and below. Yes, that is a brief synopsis. Have […]

Mileage!

QUESTION: Can you take mileage as a tax deduction? ANSWER: Yes, but… If you use your vehicle to travel around for work, you are able to take a flat rate for each mile you put on your car as a tax deduction. However, there are certain considerations to be sure you are aware of first. […]

Meals!

Here’s good news for business meals: the Tax Cuts and Jobs Act (TCJA) removed the “directly related and associated with” requirements from business meals. This means that business meals are once again subject to the “ordinary and necessary” business expense rules. You’re going to like these rules more than the old ones. Restaurants and Bars […]

Scammers and Scams

Like it or not, all of us have some kind of sensitive information floating out there on the internet, especially if we file taxes. However, most (if not all) of this information is locked tightly away behind excellent security and encryption. Most identity thieves are aware of this, and rather than attempting to force their way […]