Skip to main content

Peter Stathopoulos Discusses the Future of Georgia’s Film Tax Credits on Atlanta Film Chat Podcast

By News

It’s no secret that over the last decade, Georgia has emerged as a major player in the film production industry. However, many are likely unaware that a major factor behind that growth has been the state’s competitive tax incentive program for the entertainment industry. In fact, since the inception of this program in 2008, Georgia has seen a 376 percent increase in film industry jobs.

Read More

Excess Business Loss Rules May be Unfavorable

By Insights

Sole proprietorships and pass-through entity structures, which include partnerships, S corporations and certain limited liability companies (LLCs), provide owners with valuable tax benefits, such as avoidance of double taxation and the potential ability to deduct losses from the business on their individual tax returns. However, the Tax Cuts and Jobs Act (TCJA) of 2017 placed new limitations on deducting business losses. Here’s a look at the changes in the rules and how they might affect you.

Read More

The 2020 Construction Outlook Survey Results: Talent, Technology and Tactics

By Construction, Insights

Bennett Thrasher and Kennesaw State University’s College of Architecture and Construction Management are proud to share the fourth annual Georgia Construction Outlook Survey results. The survey captures insights and data from over 100 privately held construction companies in Georgia, including home builders, heavy contractors, general contractors and specialty contractors.

Read More

The Power of Negotiation When it Comes to Relocating Your Business

By Insights

When it comes to selecting a location for establishing a new business operation or expanding an existing one, understanding the full range of economic development incentives available can be a gamechanger.  Since many of these incentives are negotiable, timing is critical, and the opportunity to claim such incentives may be lost if the business waits too long to begin the incentives negotiation process.

Read More

Forbes and Statista Name Bennett Thrasher a Top Recommended Tax and Accounting Firm

By News

Bennett Thrasher has been named a Forbes Top Recommended Tax and Accounting Firm in the United States for 2019. Forbes partnered with market research company Statista to create inaugural lists of the most recommended firms for tax and accounting services. This peer-review and industry-nominated award identifies firms with the sophistication level needed to tackle the growing complex accounting problems companies face. Bennett Thrasher was just one of 90 firms to be selected for both lists.

Read More

How a Strategic Exit Plan Benefits You and Your Business

By Insights, Valuation Acceleration & Exit Planning

Kathleen King began selling her home-baked cookies as a child from her family’s farm stand. After growing her business over the next 20 years and developing a successful brand with a large following, Kathleen recognized the need for an exit strategy. Rather than engaging a professional service provider for advice, she accepted an offer for two business partners to buy into her business

Read More

A Closer Look at Recent Updates to §179D and §45L

By Insights

In late December 2019, a long-awaited tax extenders package was signed, which includes the §179D Commercial Buildings Energy Efficiency Tax Deduction and the §45L New Energy Efficient Home Credit. This extends and provides retroactive application of the §179D Tax Deduction and the §45L Tax Credit for projects placed in service from 1/1/2018 through 12/31/2020. For more details on the changes to these programs, please see below.

Read More

The SECURE Act Modifies Several Retirement Plan Requirements

By Insights

The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) was passed as a part of the Further Consolidated Appropriations Act signed into law on December 20, 2019. The SECURE Act makes important changes to the requirements for retirement plan funding and distributions, as well as modifying other tax provisions including the kiddie tax rules. While most of the SECURE Act’s provisions expand opportunities for individuals to increase their savings, the legislation includes one change that will require some taxpayers to update their estate plans.

Read More