Fuller Frost & Associates CPAs, PC

Shareholder Chris Etterlee's article about commercial real estate depreciation was featured in the Beman Group Real Estate's newsletter for February. You can read it here:

Understanding Depreciation for Commercial Property | Beman Group Welcome to the first installment in our series of articles exploring tax savings strategies in commercial real estate. In this series, we will delve into various aspects of tax planning and optimization, focusing on how businesses can leverage tax laws to maximize their financial benefits. In this i...

Personal finances for ordinary people are often thought about as mundane and not requiring protection. But hackers see them as an easy target. Don't give them a chance to mess with your money. Protect your personal finances with these valuable cybersecurity tips. Keep your data safe from those who want to steal your information. Let us know in the comments below which tip you are already using!

10 Tips to Protect Your Data [Infographic] A data leak from even one source could cost you. Read 10 Tips to Protect Your Data to safeguard your data and devices.

Our partners at Augusta Business Daily have featured an insightful article about training the future financial professionals. Dive into the details and discover how we're shaping the landscape of tomorrow's workforce.

Training future workers - Augusta Business Daily As business in Georgia continues to bustle, career pathways for local students are being established to make sure high-demand industries have a pool of highly trained employees. Mike Petchenik has more in today’s Biz Bits.

Attention all business owners and taxpayers!

Filing season is officially underway, and we're here to help you navigate through it smoothly! The IRS has announced that the employer wage statement deadline is approaching, so it's time to get your financial documents in order.

We want to ensure a seamless tax filing process for you. Remember to provide all necessary wage statements to your employees by the deadline to avoid any complications.

If you have any questions or need assistance with tax preparation, don't hesitate to reach out. Let's make this tax season stress-free and financially sound!

https://www.irs.gov/newsroom/filing-season-has-begun-employer-wage-statement-deadline-nears

Explore the latest insights into manufacturing business trends with expert guidance. From supply chain resilience to embracing technology, you're covered. Key trends in 2024...

Digital Transformation in Manufacturing
Embrace technology to optimize operations, enhance productivity, and stay competitive in the digital age.

Supply Chain Resilience
Navigate disruptions with a resilient supply chain. Discover strategies to mitigate risks and ensure smooth operations.

Strategic Financial Management
Employee accounting insights that guide you in strategic financial management, helping you make informed decisions for sustained growth.

Tax Planning for Manufacturers
Stay tax-efficient with expert advice. Navigate complex tax regulations and optimize your financial structure.

Navigating Regulatory Changes
Keep abreast of regulatory changes impacting the manufacturing industry and ensure compliance .

In the city that never sleeps, our web-slinging hero navigates the financial maze, saving the day and dodging taxes like a true financial superhero! Why you say? Turns out, all his income is "net" – talk about some super accounting skills!

Rumor has it, the laughter of accountants during happy hour can be heard echoing through the halls of the IRS. Have a great weekend!

Days turned into weeks, and the accountant, armed with patience and a trusty spreadsheet, waited. "End of the week," they whispered to themselves, optimistic and hopeful.

Gear Up for a Smooth Tax Season in 2024!

As we step into the new year, it's time to start planning for a stress-free tax season ahead! Our team is here to guide you through the process and maximize your returns. Here's how we can help:

✅ **Early Planning Pays Off:** Start organizing your financial documents now to stay ahead of the game. Gather income statements, receipts, and relevant tax documents.

✅ **Stay Updated on Changes:** Tax laws and regulations evolve. Rely on our expertise to keep you informed about the latest changes that may impact your returns.

✅ **Maximize Deductions and Credits:** Our professionals are skilled at identifying deductions and credits that you may be eligible for, ensuring you get the most out of your tax filing.

✅ **Expert Guidance and Support:** From complex filings to answering your tax-related queries, our team is here to provide personalized advice and support every step of the way.

Schedule an appointment with us today to kickstart your tax planning for 2024 and make this tax season a breeze!

Our shareholder Chris Etterlee spoke about the new Beneficial Ownership Information reporting and the Corporate Transparency Act to the Greater Augusta SCORE meeting held at the Aiken Chamber of Commerce today.

Chris has followed this new regulation since its inception and has worked to come up with an effcient solution to a requirement that will affect an estimated 40 million businesses.

As we welcome the new year of 2024, we can't help but reflect on our fantastic growth with the help of our loyal followers and friends. From all of us here at Fuller Frost and Associates , we'd like to extend our sincerest appreciation for your unwavering support. We can't wait to see what the future holds and continuing to grow together. Cheers to new beginnings, and a happy new year!

At this special time of the year, we're reminded of the importance of resting and rejoicing with family and friends. As we wrap up the year, we embrace the joy of being surrounded by our loved ones, creating cherished memories, and finding peace in the comfort of home.

From all of us at Fuller Frost and Associates, we wish you a Merry Christmas filled with warmth, love, and joyful moments spent with those who matter most.

With only 3 days left until some holiday time off, it's time to wrap up those last-minute work projects and enjoy some much-needed time with friends and family. Whether you're unwinding by the fireplace, enjoying a festive feast, or exchanging gifts, make sure to take a moment to relax and bask in the holiday spirit.

Are you looking for a way to give back to our community? Sign up for our VITA (Volunteer Income Tax Assistance) Program to assist with tax preparation during tax season! No experience is required and training is available! Visit our website to learn more and to apply! The deadline to submit volunteer applications is December 31st!

https://www.uwcsra.org/vita-volunteer

IRS reminds taxpayers, Jan. 16 due date for final 2023 quarterly estimated tax payments

IRS reminds taxpayers, Jan. 16 due date for final 2023 quarterly estimated tax payments | Internal Revenue Service IR-2023-242, Dec. 15, 2023 — The Internal Revenue Service today reminded taxpayers who didn’t pay enough tax in 2023 to make a fourth quarter tax payment on or before Jan. 16 to avoid a possible penalty or tax bill when filing in 2024.

Have you dabbled in the gig economy, but aren't sure about the tax implications? The IRS has got you covered! Check out their website for information on how the sharing economy might affect your tax filings. From ride-sharing to freelance work, the gig economy is on the rise. Stay informed and avoid any tax-related mishaps with the IRS

Your Taxes in the Sharing Economy Do you participate in the sharing economy-- also called the gig, on-demand or access economy? Learn what tax issues may affect you. Visit https://www.irs.gov...

Did you know that choosing a paid tax preparer who meets IRS requirements can help protect both your financial and personal information? Take the necessary precautions to ensure your sensitive data stays safe this tax season. Check that your tax preparer has a Preparer Tax Identification Number, is affiliated with a professional organization, and provides a clear understanding of their fees. This extra step can save you the headache of identity theft and fraudulent activity down the road. Stay informed and take action today!

Choose a Tax Preparer Wisely Protect yourself by choosing a paid tax preparer who meets IRS requirements. For more information, go to https://www.irs.gov/chooseataxpro.Follow us:Twitter ...

After our firm Christmas party at the Pinnacle Club, a few of us decided drive across the river to tour SRP Park. A huge thank you for Jaime Martin for being our host.

(Pictured Left to Right: Jenny Matson, Chesley Satcher, Chris Etterlee, Mark Davis and Tony Zaffino.)

The IRS Security Summit partners have announced the 8th annual National Tax Security Awareness Week, commencing on Nov 27th. The week's focus is aimed at raising awareness amongst taxpayers and tax professionals on how to protect against identity theft. The Security Summit partners urge individuals to ensure they properly safeguard sensitive tax and financial information by implementing effective cybersecurity measures. Please visit the IRS website for more information on how to keep your information safe this tax season.

IRS, Security Summit partners announce 8th annual National Tax Security Awareness Week begins Nov. 27; focus on raising awareness among taxpayers, tax pros on security tips to protect against identity theft, scams | Internal Revenue Service IR-2023-218, Nov. 17, 2023 — The IRS, along with its Security Summit partners in state tax agencies and the nation's tax industry, today announced a special week focusing taxpayer and tax professional awareness on protecting sensitive financial information against identity thieves as the holidays ...

Safe travels to all heading to visit friends and family this Thanksgiving.

This week's tax calendar.

Today, the IRS announced that the interest rates will remain the same for the first quarter of 2024. The rates will be as follows:

- 3% for overpayments (2% for corporations)
- 0.5% for the portion of a corporate overpayment exceeding $10,000
- 3% for underpayments
- 5% for large corporate underpayments

These rates are based on the federal short-term rate, which is determined by the IRS on a quarterly basis. It's important to note that interest is compounded daily, so it's crucial to pay any taxes owed on time to avoid accruing interest. Stay informed and up-to-date on all IRS news by visiting their official website.

Interest rates remain the same for the first quarter of 2024 | Internal Revenue Service IR-2023-219, Nov. 17, 2023 — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2024.

Honor our veterans today and every day. They have dedicated their lives to protecting our nation and our freedom.

Did you know that reviewing your tax withholding can save you from an unexpected tax bill next year? The IRS suggests that taxpayers review their withholding status annually, especially if they've experienced any life changes such as marriage, a new job, or the birth of a child. It only takes a few minutes to make necessary changes. Don't wait until it's too late, review your tax withholding today.

Avoid a surprise next year; review tax withholding now before time runs out | Internal Revenue Service IR-2023-205, Nov. 3, 2023 — With 2023 rapidly coming to a close, the Internal Revenue Service today encouraged taxpayers to review their tax withholding as soon as possible to avoid a potential surprise when they file their tax return next year.

Starting a small business can be a challenging and complex task. Thankfully, there are many resources available to help you get started and excel in your industry. From business plan templates to financial planning tools, Accounting.com has compiled a comprehensive list of small business resources to help you on your entrepreneurial journey. Whether you’re looking for funding options or need to improve your accounting practices, our articles and guides are designed to provide you with the information you need to succeed.

Accounting Resources for Small Business Owners - Accounting.com Find resources to simply accounting for small business owners. Includes helpful information on filing taxes, support for entrepreneurs and practical accounting resources.

Have a safe and happy Halloween.

This week's tax calendar

Did you know that turning off Bluetooth and WIFI can improve your online safety, especially when doing sensitive tasks like banking or shopping? Going a step further, it's also best to avoid these tasks when connected to public WIFI networks, unless a secure VPN setup is in place. Be safe and proactive during Cyber Security Awareness Month by making these small changes to your digital routine.