Brian Sengson, Manager in Bennett Thrasher’s State and Local Practice, joined the Lewis on the Law Biz 1190 radio show as a guest earlier this year. During this interview, Brian discussed the various state credits and other incentive opportunities that Georgia taxpayers can utilize – both at the company and individual level.
In an article published recently in the Marietta Daily Journal, Bennett Thrasher is featured for presenting Zoo Atlanta with a grant to support the Sponsored Admissions program. The program is a local and collaborative effort designed to reinforce STEM concepts taught in the classroom, while preparing students for future careers.
Bennett Thrasher Senior Manager Chris Edwards recently appeared on a segment of the Atlanta Small Business Network show to discuss the impact that the 2018 tax reform has on small businesses. With tax season underway, Edwards says that some of the biggest changes in the tax code affect C-corporations and pass-through entities
Zack Leder, Partner in Bennett Thrasher’s Tax practice, was recently elected to the Southern Federal Tax Institute Board of Trustees. In this role, Zack will help lead, organize, and develop the Southern Federal Tax Institute annual program.
Exit planning for business owners is not only about the numbers – the value of your business and your personal financial plan. It is also about planning for that next chapter in your life.
The third annual Georgia Construction Outlook Survey indicates that labor shortages and reliability from sub-contractors continues to be a looming concern for 83 percent of the state’s privately-held construction companies. The survey was conducted by Bennett Thrasher, one of the country’s largest full-service public accounting and consulting firms, in collaboration with Kennesaw State University’s Department of Construction Management.
As described in previous publications, M&A transactions are traditionally structured on a cash-free and debt-free basis. In the traditional sense, debt includes amounts owed to banks or other third-party lenders and is repaid over a set period of time at an interest rate dictated in the debt agreements.
It is critical for clients and practitioners to appreciate the Internal Revenue Service’s (“IRS”) historic positions and analysis regarding captive insurance companies, in order to fully understand the current captive insurance tax environment. The following discussion focuses on the relevant authorities contained in the Internal Revenue Code and Regulations, the current views of the IRS as set forth in administrative rulings and pronouncements and decisions dealing with what transactions qualified as insurance, and whether the activities of a related captive insurance company are those of a company primarily and predominately engaged in the insurance business.
Private, protected communication is the oxygen for the transfer of sensitive information in today’s environment. Unsecure communication makes us all vulnerable. It is essential that you understand possible weak points so that we all have the most robust, confidentially protected conduit for correspondence.
It’s hard to believe that over a year has gone by since the Tax Cuts and Jobs Act (TCJA) of 2017 was passed by Congress as one the most comprehensive changes to US taxation in over 30 years. The carried interest safe harbor, interest expense limitation and the corporate tax rate reduction are three of the most significant ways that the Tax Act has impacted private equity funds, their management companies and their portfolio companies.
Bennett Thrasher LLP is pleased to announce the election of six firm professionals to its partnership, effective July 1, 2019. The six represents Bennett Thrasher’s largest new partner class ever and includes individuals from six different practice areas: Financial Reporting and Assurance, International Personal Financial Services, Real Estate Hospitality Tax, Risk Advisory, State and Local Tax and Transaction Advisory Services
In 2018, Georgia passed House Bill 918 to modify and expand usage of Georgia tax credits, particularly for credits against Georgia payroll tax withholding. Georgia law permits taxpayers to elect to use certain income tax credits, such as the Jobs Tax Credit or Research & Development Tax Credit, against their Georgia payroll tax withholding obligations.