PREPARING FOR FinCEN FILINGS: Financial Crimes Enforcement Network
If you use an LLC to own a rental property or operate a business, you likely face the new filing requirement by the Department of the Treasury’s financial intelligence unit. Financial Crimes Enforcement Network (FinCEN). Businesses and Rentals existing on January 1, 2024, will trigger the FinCEN filing requirements. The individuals who ultimately own or […]
SO MANY REGULATIONS, SO LITTLE TIME INTRODUCING THE CORPORATE TRANSPARENCY ACT
Owners of most existing corporations, limited liability companies, limited partnerships, or other business entities are about to encounter the Corporate Transparency Act (CTA). The CTA is scheduled to go into effect for small businesses that exist on January 1, 2024. Reporting for such businesses must be completed before January 1, 2025. Failure to comply with […]
DOES YOUR TAX PROFESSIONAL HAVE INCENTIVESTO TURN YOU IN IF YOU CHEAT?
The short answer is: Yes. Firstly, he or she is bound by The American Institute of Certified Public Accountants (AICPA) codes of professional conduct. The codes emphasize confidentiality but acknowledge the responsibility to act in the public interest. If you are engaged in fraud or other illegal activities that could harm the integrity of the […]
Email Inbox Management for Atlanta Business Owners
Now that we’re a week into the new year, all of last year’s broken things in your Atlanta biz have likely smacked you in the face a few times. Sadly, they didn’t magically get fixed while you were cleaning up wrapping paper and sneaking another sugar cookie. But it’s a new year, so why not […]
A Business Valuation for Your Atlanta Business
Making New Year’s resolutions seems like a waste of time. Sure, we might start with the best of intentions, but by February most of us have quit the gym, returned to normal eating habits, and left books unread on our bedside tables. But something I do believe in making at the start of the year […]
Taking on Changes to Designated Roth Accounts
The delayed, 2026 effective date for changes to Designated Roth Accounts looms large…and not everyone will welcome the rather drastic change. The delayed effective date is good news and gives planners some time to figure out how to make it work. While the option is probably a good one for higher-income employees, it does not […]
Mark Perlberg CPA PLLC’s 18 Questions to Drive Business Growth in 2024
By the time you actually get to reading this, there is a very good chance that you’re reading a voice from the past. I make it a practice to prepare my Atlanta clients and friends a few days in advance, and RIGHT NOW, it is still 2023. But 2024 is beckoning and is probably already […]
Before You Sell Your Atlanta Business: Making a Plan (P1)
In many ways, year-end couldn’t come at a worse time. As if December holiday crazymaking wasn’t enough, as a business owner you’re also responsible for compiling an entire year’s worth of reporting data into comprehensible form for your accountant, with enough time to spare to make proactive decisions that will improve long-term profitability. No pressure. […]
Achieving Positive Cash Flow For Your Atlanta Business’s Health
Crazy to think there are only two more weeks until Christmas and only three more weeks left of 2023. There’s a lot of joy still to be had and opportunities for your Atlanta business to increase revenue On the other side of that coin, though, rising costs and the Fed’s interest rate hikes have made […]
Winning! 2023 Tax deductions on both Business & Personal Vehicles
The presents are open, your in-laws are gone, and the tree is out at the curb. Have you forgotten anything? Yes. It’s time to focus on the fine points of end of year tax planning, such as how your existing vehicle can produce last-minute. Would you like 2023 tax deductions with one of these five […]