Among the many changes brought on by last year’s Tax Cuts and Jobs Act, one potentially beneficial update from the law is the new Employer Credit for Paid Family and Medical Leave. This completely new credit is currently available for the 2018 and 2019 tax years. Employers may be eligible for a credit ranging from 12.5% to 25% of wages paid to employees taking protected leave provided for in the Family and Medical Leave Act.
BT Foundation Featured in Atlanta Daily World
In a recent article published by Atlanta Daily World, the Bennett Thrasher Foundation is highlighted for providing grant support to the READTeam program, a partnership between Malcolm Mitchell’s Share the Magic Foundation and the Andrew and Walter Young Family YMCA.
BT Foundation Annual Report FY18
Bennett Thrasher is pleased to announce the issuance of the FY 2018 Bennett Thrasher Foundation Annual Report. The purpose of the Annual Report is to share both the accomplishments and impact the Foundation has made in the local community.
BT’s Campus Team Wraps Up Fall 2018 Recruiting Season
The BT recruiting team wrapped up another successful fall campus recruiting season in October. Our overall goal this year was to increase BT’s brand awareness on campuses across the Southeast before the annual accounting career fairs occurred (aka Meet the Firms).
Bennett Thrasher Featured in Accounting Today for Its Employee Perks
In an article published recently by Accounting Today, Bennett Thrasher is highlighted as a standout accounting firm for offering employees perks such as closing the office for the week between Christmas and New Year’s.
Trey Webb Provides Insight on Tax Law Changes to Realty Biz News
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.
Gina Miller and Chris Frederick’s Promotions Featured in GSCPA Current Accounts
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.
New Georgia Department of Revenue Audit Procedures and How They Impact Production Companies Webinar Recording
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
Top 5 Impacts of ASC 606 on Manufacturing Companies
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).
Thinking Taxes – Fourth Quarter 2018 Newsletter
Thinking Taxes – Click here to read the fourth quarter newsletter.
Benefits of QuickBooks Online
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.
IRS Gives Taxpayers A Break on Meal Deductions
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.
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