Here at LKM, we have already begun processing business and personal returns. However, due to IRS and GA limitations, we will not be able to efile these returns for another week or two. Please get in touch with your CPA with any questions.
COVID-19 Small Business Relief Webinar
May 8, 2020 by · Leave a Comment
FREE SMALL BUSINESS RELIEF WEBINAR: Tuesday from 12-1 pm
With a presentation from one of our Partners/CPA’s Kim Fourman and other speakers.
The Chamber is pleased to partner with the Aerotropolis Atlanta Alliance, Atlanta Area Airport Chamber and South Fulton Chamber to present a COVID-19 Small Business Relief Webinar on Tuesday, May 12 from 12-1 pm. See more information below. To register, visit https://app.smartsheet.com/b/form/48c7c24770cf4f8c93f7d0504ed9f0c7
STATE & FEDERAL TAX CREDITS AVAILABLE
The TRACS Group is offering FREE consultations with our Chamber members to see how new federal and state tax credits could help your business. Call 855-668-7227 to schedule your consultation!
IRS PAYMENT DEADLINE EXTENDED
March 18, 2020 by · Leave a Comment
The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns remains April 15, 2020. The IRS urges taxpayers who are owed a refund to file as quickly as possible. For those who can’t file by the April 15, 2020 deadline, the IRS reminds individual taxpayers that everyone is eligible to request a six-month extension to file their return.
This payment relief includes:
Individuals: Income tax payment deadlines for individual returns, with a due date of April 15, 2020, are being automatically extended until July 15, 2020, for up to $1 million of their 2019 tax due. This payment relief applies to all individual returns, including self-employed individuals, and all entities other than C-Corporations, such as trusts or estates. IRS will automatically provide this relief to taxpayers. Taxpayers do not need to file any additional forms or call the IRS to qualify for this relief.
Corporations: For C Corporations, income tax payment deadlines are being automatically extended until July 15, 2020, for up to $10 million of their 2019 tax due.
This relief also includes estimated tax payments for tax year 2020 that are due on April 15, 2020.
Penalties and interest will begin to accrue on any remaining unpaid balances as of July 16, 2020. If you file your tax return or request an extension of time to file by April 15, 2020, you will automatically avoid interest and penalties on the taxes paid by July 15.
The IRS reminds individual taxpayers the easiest and fastest way to request a filing extension is to electronically file Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses must file Form 7004.
This relief only applies to federal income tax (including tax on self-employment income) payments otherwise due April 15, 2020, not state tax payments or deposits or payments of any other type of federal tax. Taxpayers also will need to file income tax returns in 42 states plus the District of Columbia. State filing and payment deadlines vary and are not always the same as the federal filing deadline. The IRS urges taxpayers to check with their state tax agencies for those details. More information is available at https://www.taxadmin.org/state-tax-agencies.
The IRS established a special webpage on IRS.gov/coronavirus to include the above tax-related information. This page will be updated as more information is available.
GA DEPARTMENT OF LABOR NEWS
March 18, 2020 by · Leave a Comment
The Georgia Department of Labor (GDOL) has adopted an emergency Rule 300-2-4-0.5 Partial Claims, effective March 16, 2020. The rule mandates all Georgia employers to file partial claims online on behalf of their employees for any week during which an employee (full-time/part-time) works less than full-time due to a partial or total company shutdown caused by the COVID-19 public health emergency. Any employer found to be in violation of this rule will be required to reimburse GDOL for the full amount of unemployment insurance benefits paid to the employee. Download the How Employers File Partial Claims Desk-Aid found on the GDOL Alert Page and follow the step-by-step instructions.
Filing partial claims results in your employees receiving unemployment insurance (UI) benefit payments faster, usually within 48 hours for claims filed electronically. Employees for whom you file a partial claim are NOT required to report to a Georgia Department of Labor career center, register for employment services, or look for other work.
Please continue to monitor our website at gdol.ga.gov for any updates to these guidelines.
COVID-19 VIRUS UPDATE
March 14, 2020 by · Leave a Comment
Hello!
Like you, we’re closely monitoring developments related to the COVID-19 virus, particularly the guidance offered by local, state, and federal health officials. The health and safety of our clients and our employees remain our top priority. With that said, we’d like to make you aware of a few items:
- While there has been significant discussion by the President and Congress regarding extending the April 15th deadline, that is not official yet. We are proceeding as normal with an April 15th deadline. If this changes, we will send out another alert to our clients.
- Our office is currently open. Our employees have the ability to work from home, and more than likely, some of them will need to in the coming days. However, we are not requiring them to do so at this time.
- If you have an in-office appointment with us, we would strongly recommend that you consider having your appointment by phone instead. We have the ability to receive support documents remotely or by mail. Please call our office for details.
Whether we are in our office or working remotely, we have the ability to continue to provide responsive, high-level service to you, our valued clients.
Rest assured that the Loggins, Kern & McCombs team is prepared to support our clients during this challenging time. Thank you for your trust in us.
Miranda Kern
Gina McCombs
Brandy Hatfield
Kimberly Fourman
Partners, Loggins Kern and McCombs PC
QuickBooks Class – Desktop Version
July 24, 2019 by · Leave a Comment
REGISTER NOW!!
Loggins Kern & McCombs offers beginner QuickBooks classes to help small business owners save time and
money by organizing all business finances in one place.
Held at the Launch & Go 54/74 Intersection
Peachtree City, GA 30269 Tuesday August 27th 2019
10:00 to 2:30
call Pam Burnett at 770-478-7424 to register
QuickBooks Online Version
July 18, 2019 by · Leave a Comment
Sign up now for the next class July 23. QuickBooks ProAdvisor and CPA Kim Fourman will be teaching the Online Version of QuickBooks at our office in Jonesboro. The class is from 10am – 2:30pm with lunch included. Give Pam Burnett at our office a call at 770-478-7424 to register!
Two QuickBooks Desktop Training Classes Coming Up!
May 9, 2019 by · Leave a Comment
Quickbooks ProAdvisor and CPA Kim Fourman will be teaching two QuickBooks Desktop training classes in May.
The first class will be on May 22nd from 10am – 2:30pm at our office at 1299 Battlecreek Road Ste 110 in Jonesboro.
The second class will be on May 29th from 10am – 2:30pm at the Launch and Go Workspace at 470 Commerce Drive in Peachtree City, GA (in Westpark Walk Shopping Center).
The class covers the desktop version of QuickBooks, and Kim goes through all the basics of tracking money coming in, money coming out, reconciling, and the main reports that you need to know.
This class would be great for a bookkeeper or for a business owner that needs to learn more about QuickBooks!
Give Pam Burnett at our office a call at 770-478-7424 to register!
