Blog
Keeping Track.
Learn how current news and events could impact your bottom line.
678-717-9818
Relief for business owners with small PPP loans
Back in March, President Trump signed the Coronavirus Aid, Relief, and Economic Securities (CARES) Act. This $2.3 trillion relief package was designed to help Americans get through this pandemic. Under the Act, a new loan program was created called the...
Hobby or Business, What’s the Difference and Why Does it Matter?
Businesses can deduct most of the costs of doing business even if it shows a loss on the tax return. If a taxpayer has a hobby that generates income, direct expenses can also be deducted. This is where the similarity ends. A hobby cannot lose more than gross...
Know your Preparer
There are over 900,000 tax preparers in the United States. These preparers include Certified Public Accountants (CPA), Enrolled Agents (EA), and unlicensed PTIN holders. The only thing all those who get paid to prepare tax returns have in common is that...
President Trumps Most Recent Executive Actions
One of the most talked about of the four documents describes the deferral of payroll taxes otherwise known as the employment tax. This tax is imposed under the Federal Insurance Contributions Act (FICA). This tax has two components. The 6.2% Social...
What IRS Reopening Means for Taxpayers
After several months of the IRS being closed for all except the most mission critical functions, the service is open again, at least in part. Many taxpayers have received computer generated letters mailed after the due date. Others who have tax problems,...
Credits Available to many Businesses hit by COVID-19
The Federal Government has taken many steps to help businesses weakened by the COVID-19 pandemic. Some of their efforts are well known because stories about government loans and grants are easier to report and more interesting than the harder to understand...
Potential Snares from SBA Loans
During this time, businesses are doing everything they can to stay solvent. The Federal Government is helping with Payroll Protection Program(PPP) and Emergency Injury Disaster Loans (EIDL). Of course, with any government program there are hidden...
How the CARES Bill Affects Businesses and Individuals
This past weekend, President Trump signed the largest expenditure bill in history. HR 748, “The Coronavirus Aid, Relief, and Economic Security Act” (CARES Act) has all sorts of benefits. Setting the politics aside, let’s look at just a few of the...
The Gig Economy
While many are not familiar with the term gig economy, most are familiar with some of its components. These include ride sharing such as Uber or Lyft, and Airbnb. In fact, according to the Federal Reserve, a full third of Americans are involved...
Tax Cuts and Jobs Act Deductions this Year
As we start the tax season, let’s look at what is on the table. This is not an all-encompassing list and is a general discussion. Each individual situation should be discussed with a tax expert. Most individual taxpayers, especially those who have W2...
Make your business more profitable today.
Call for a free consultation.
678-717-9818
What Clients Say
Understands small business challenges
~ Bill Head, Auto Radio
A business partner who works magic
I have had a wonderful partner in Steve Perry of Books, Taxes & More, LLC allowing me to focus on what I do best. He is the one person I trust to advise me on all tax matters. Over the past several years, Steve has guided my company on a myriad of tax issues. He has consistently helped me document and prepare returns to minimize my tax liability….Read More
~ Stevee Ashlock , President StoneyBrook Productions
Honest and straightforward
This man is a beast when helping people with their taxes. Especially when they put themselves in a bind. His efficiency, knowledge and understanding is what is helping me now. He breaks it down in details for things I don’t understand about IRS. He basically holds my hand and walks me through the process to help me through this difficult time….Read More
~ DeMoris Harper