By Kenneth H. Bridges, CPA, PFS March 2015
Georgia has a tax credit program which permits individuals and businesses to receive a credit against their Georgia tax for contributions to qualified student scholarship organizations (SSOs). An SSO is a 501(c)(3) …
By Kenneth H. Bridges, CPA, PFS March 2015
At Bridges & Dunn-Rankin, we have not yet started accepting bitcoin for payment of our fees, but it is estimated that over 80,000 businesses do now accept it.
Bitcoin is an online …
By Kenneth H. Bridges, CPA, PFS March 2015
Real estate has always received very favorable treatment under our tax laws. For your residence, you get to take deductions for the interest and taxes, and then, when you sell it at …
By Kenneth H. Bridges, CPA, PFS December 2014
The U.S. has what is known as a “worldwide tax system” whereby it taxes its citizens and residents (including domestic corporations) on their worldwide income, from whatever source derived, and then permits …
By Kenneth H. Bridges, CPA, PFS December 2014
Tax rules which were enacted long before the LLC format came into existence provide that a general partner’s K-1 ordinary business income is subject to self-employment tax, while a limited partner’s K-1 …
By Kenneth H. Bridges, CPA, PFS August 2014
There has for many years been a requirement that any US person with a financial interest in or signature or other authority over a foreign financial account file with the Treasury Department …
By Kenneth H. Bridges, CPA, PFS December 2013
Georgia legislation enacted in 2010 provides a Georgia tax credit of up to 35% of the amount invested in an early stage company (with utilization of the credit limited to $50,000 per …
By Kenneth H. Bridges, CPA, PFS December 2013
Investments made in “Qualified Small Business Stock” (QSBS) after September 27, 2010 and before January 1, 2014 and held for more than 5 years can qualify for a gain exclusion of up …
By Brock W. Bullard, CPA December 2013
Many of our clients are quite philanthropic. Fortunately, the tax law greatly rewards philanthropy. Here is a brief synopsis of the general rules and suggested strategies.
Cash donations – The most common and …
By Kenneth H. Bridges, CPA, PFS February 2013
Is it possible to incur a marginal tax rate in excess of 100%? Under UK tax rules, that could very well be the case for a high profile athlete like the fastest …