In a recent article published by Realty Biz News, Bennett Thrasher Partner Trey Webb gives insight on significant tax law changes that commercial investors need to be aware of and resulting investment trends, including coupling low-income housing credits with historic rehabilitation projects in qualified opportunity zones.
In the Member News section of the most recent issue of GSCPA Current Accounts, Chris Frederick and Gina Miller’s promotions to partners are announced, along with the recent formation of two new practice groups at Bennett Thrasher, including Value Acceleration and Exit Planning Services led by Gina Miller.
The Georgia Department of Revenue has been adopting new audit policies on voluntary and random film tax credit audits. Sometimes these policies are being adopted retroactively and some are arguably aggressive
As private companies are gearing up for the implementation of Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, many are wondering how this guidance will impact the manufacturing industry. For privately‐held entities, ASC 606 applies for annual periods beginning after December 15, 2018 (2019 will be the first year for December year‐ends).
Many of our small business clients have converted their financial records to the Cloud. In days past, small businesses maintained their financial records in-house requiring the owner to commit their time or hire a full-time employee to maintain the records. We believe migrating to QuickBooks Online (QBO) from QuickBooks Desktop provides small business owners numerous benefits and greater flexibility.
On October 3, 2018, the IRS issued Notice 2018-76 confirming that certain business meals will continue to be deductible, subject to the 50% limitation. As background, the Tax Cuts and Jobs Act (“TCJA”) of December 2017 eliminated the deduction for entertainment expenses effective January 1, 2018, creating uncertainty whether client business meals would be treated as a form of nondeductible entertainment.
On June 29, 2018, the Internal Revenue Service (“IRS”) released Publication 5300 (06‑2018), Transfer Pricing Examination Process (“TPEP”), a 37-page document intended to guide IRS agents in the planning, execution and resolution of transfer pricing examinations (“TP Audits”).
In a story published recently by Atlanta Inno, Bennett Thrasher is featured for its partnership with Vestigo, an Atlanta-based start-up that helps companies boost their team building and enhance their company culture.
Bennett Thrasher LLP, one of the top 100 full-service public accounting and consulting firms in the U.S., is pleased to announce the addition of Davin Williams as managing director of Bennett Thrasher’s Advisory and Interim Advisory Services practice group.
They both work with financial data; they’re both essential for managing a successful business. Yet the roles and duties of a bookkeeper and accountant rarely overlap. If you are like many business owners, you may not be exactly sure of the differences between a bookkeeper and accountant and whether you should hire one, or both.
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