2014-2015 Tax Guide

Bennett Thrasher is pleased to announce the release of our 2014-2015 Tax Guide. The guide is intended to familiarize readers with recent key tax law changes and highlight certain tax savings opportunities.

Filing a 1040 Tax Extension: What You Need to Know

As April 15th quickly approaches, you may be advised by your Bennett Thrasher Tax Professional to file an “extension.” In short, an extension is a form filed to request 6 additional months to file your tax return, making your due date October 15th.

Highlights on Legislative Tax Changes

The New Year is fast under way, which means tax laws have changed. For the 2013 tax year, a number of legislative items have expired, while others were extended from the American Taxpayer Relief Act of 2012. It is important to keep the following information in mind while reviewing your 2013 tax returns and planning for 2014.

Georgia Film Tax Credit For Individuals

Most Georgia residents have noticed that our state has become a major destination for the film and entertainment industry over the last several years. This is due in no small part to legislation enacted in 2005 allowing a Georgia film tax credit for companies with qualified production expenditures in film, television, music, video animation and game development.

The Importance of Estate Planning Documentation

You have worked hard to shape your legacy, not only through financial planning, but through the cultivation of your values, your relationships and your community involvement. An important part of maintaining your legacy, and a critical part of your ongoing financial planning, is a proper estate plan.

The American Taxpayer Relief Act of 2012

The American Taxpayer Relief Act of 2012 (ATRA) was passed by the United States Congress on January 1, 2013 and signed into law by President Obama on January 2, 2013. ATRA averted critical tax effects of the potential “Fiscal Cliff.” A new marginal tax rate of 39.6% has been enacted as the top tax bracket for Single Individuals ($400,000), Married Filing Joint ($450,000), Married Filing Separate ($225,000) and Head of Household ($425,000).

Third Quarter Newsletter

Although traditional 401(k) plans have become widespread, many employers are adding Roth 401(k)s to their employee benefits.

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