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About Firm Overview Jones and Kolb Gives Back: Community Focus Team Services Services Overview Audit & Attest Tax Services Advisory Services Managed Accounting Solutions industries & clients Industries Overview Professional Services Privately Held Businesses Healthcare Individuals Real Estate Not-For-Profits Family Offices & Businesses Technology Retail, Franchise & Hospitality News, Events & Resources Firm News Newsletter/Blog Events careers overview open positions Submit your resume Contact
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Two estate planning documents working in tandem: A living trust and a pour-over will
Two estate planning documents working in tandem: A living trust and a pour-over will

When planning your estate, pairing a pour-over will with a living trust can act as a backstop for certain wayward assets.

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Estate planningDebbie HarryNovember 2, 2023
Owning assets jointly with a child may not be the right estate planning strategy
Owning assets jointly with a child may not be the right estate planning strategy

Do you own assets jointly with your child or other heir? Learn the pitfalls associated with this estate planning strategy.

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Estate planningDebbie HarryNovember 2, 2023
IRS offers a withdrawal option to businesses that claimed ERTCs
IRS offers a withdrawal option to businesses that claimed ERTCs

The IRS has created a path that businesses can use to withdraw unprocessed ERTC claims if they determine the claims are invalid.

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Emerging RegulationsDebbie HarryNovember 2, 2023
New per diem business travel rates kicked in on October 1
New per diem business travel rates kicked in on October 1

The IRS recently announced the special “per diem” rates that became effective Oct. 1, 2023. Here are the basics of these rates.

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Debbie HarryNovember 2, 2023
Contributing to your employer’s 401(k) plan: How it works
Contributing to your employer’s 401(k) plan: How it works

Does your employer offer a 401(k) plan, but you haven’t started participating? Here are the basic features of these plans to illustrate why you should strongly consider it.

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Individual TaxationDebbie HarryNovember 2, 2023
Why your nonprofit’s board needs to be diverse
Why your nonprofit’s board needs to be diverse

What’s considered “healthy” diversity in a nonprofit board will vary by organization. But, at a minimum, your board should reflect your community and the people you serve. Learn how to increase board diversity.

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Not-for-profit TaxDebbie HarryNovember 2, 2023
What types of expenses can’t be written off by your business?
What types of expenses can’t be written off by your business?

You want to be able to deduct business expenses on your tax return. But in order to be deductible, expenses must be ordinary, necessary and reasonable. Here are the rules.

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Small Business TaxDebbie HarryOctober 6, 2023
Do you have to return a donation when a donor requests it?
Do you have to return a donation when a donor requests it?

Sometimes donors ask for their money back. Must your nonprofit comply? It depends on several factors. But the best defense against these requests is an effective offense: Create a gift refund policy.

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Not-for-profit TaxDebbie HarryOctober 6, 2023
Are you considering moving to a new state to minimize estate tax?
Are you considering moving to a new state to minimize estate tax?

Moving to another state could reduce or eliminate state-level estate tax, but certain steps must be taken.

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Estate planningDebbie HarryOctober 6, 2023
What are the tax implications of winning money or valuable prizes?
What are the tax implications of winning money or valuable prizes?

There are tax implications if you hit a sizable jackpot in the lottery or while gambling. Here are the basic rules.

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Individual TaxationDebbie HarrySeptember 28, 2023
Trust and internal controls can coexist in your nonprofit
Trust and internal controls can coexist in your nonprofit

Trust tends to be the biggest potential fraud weakness for nonprofits. But by beefing up certain internal controls, you can continue to operate like a happy family and still reduce employee-perpetrated fraud.

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Not-for-profit TaxDebbie HarrySeptember 28, 2023
Reasons why naming a family member your executor might not be a good idea
Reasons why naming a family member your executor might not be a good idea

Your choice of a family member to be your estate’s executor may not be the best option.

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Estate planningDebbie HarrySeptember 28, 2023
An art collection is a special asset to account for in an estate plan
An art collection is a special asset to account for in an estate plan

You have a few choices to accommodate your art collection in your estate plan. Learn about three options here.

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Estate planningDebbie HarrySeptember 25, 2023
2023 Q4 tax calendar: Key deadlines for businesses and other employers
2023 Q4 tax calendar: Key deadlines for businesses and other employers

The leaves are beginning to turn in some areas so it’s time for businesses to start thinking about year-end tax strategies. It’s also a good time to think about the fourth quarter 2023 tax filing deadlines.

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Small Business TaxDebbie HarrySeptember 25, 2023
Evaluate whether a Health Savings Account is beneficial to you
Evaluate whether a Health Savings Account is beneficial to you

Many employers offer Health Savings Accounts to their workers. You may also be able to open one of these tax-saving accounts through some banks and other financial institutions. Here are the basic rules.

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Individual TaxationDebbie HarrySeptember 21, 2023
IRS suspends processing of ERTC claims
IRS suspends processing of ERTC claims

With fraudulent Employee Retention Tax Credit claims on the rise, the IRS has suspended claim processing through year end.

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Emerging RegulationsDebbie HarrySeptember 21, 2023
Build a better nonprofit board with term limits
Build a better nonprofit board with term limits

Although there are potentially a few disadvantages to board term limits, they generally benefit nonprofits. Read on for more about how term limits can promote diversity and cooperation.

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Not-for-profit TaxDebbie HarrySeptember 21, 2023
Investment swings: What’s the tax impact?
Investment swings: What’s the tax impact?

For some investors, 2023 has been a wild ride in the stock market. How will that affect your 2023 tax bill? Here’s how to determine the tax impact.

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Individual TaxationDebbie HarrySeptember 12, 2023
IRS issues guidance on new retirement catch-up contribution rules
IRS issues guidance on new retirement catch-up contribution rules

The SECURE 2.0 Act’s new retirement catch-up contribution rules caused problems and confusion for employers and employees alike. The IRS has now provided guidance.

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Emerging RegulationsDebbie HarrySeptember 12, 2023
Spouse-run businesses face special tax issues
Spouse-run businesses face special tax issues

Many spouses operate small businesses together. Here’s a look at some of the tax issues they may face.

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Small Business TaxDebbie HarrySeptember 12, 2023
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Whether you’re an individual or a business, Jones and Kolb can help you deal with the challenges you face now and put you in the best position for a great future.

3475 Piedmont Road | Suite 1500 | Atlanta, GA 30305 | P 404.262.7920  |  F 404.237.4034

 
 
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