What’s New

Remember:

* When getting your “tax stuff” together to take to your accountant, remember that organization can save your accountant time, which will save you money. Try to keep information & receipts for different categories together. For example, keep rental property income & expense information separate from your personal home information.

Make your accountant aware of what is happening to you financially!!! If you sell a piece of property, don’t keep it a secret from your accountant. Let your accountant know about unusual financial transactions ahead of time so that tax planning can be done.

Year 2021 Tax Changes:

* Maximum taxable earnings for Social Security $142,800
* Auto standard mileage allowance: 56ยข
* The Affordable Care Act requires information on health insurance. Your accountant will need to see all 1095 forms you receive.

Please click here for our Peer Review Report from the Georgia Society of CPAs.