The FIRE to IRIS transition requires businesses that electronically file information returns through the IRS Filing Information Returns Electronically (FIRE) system to prepare for a new filing process. FIRE stops accepting returns on November 19, 2026, at 3 p.m. Eastern Time. For the 2027 filing season, affected filers must use the Information Returns Intake System…
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The 1099 NEC threshold for 2026 is $2,000, up from $600 for payments made before 2026. According to the Internal Revenue Service (IRS), businesses generally must report qualifying nonemployee compensation when payments to a contractor reach $2,000 during calendar year 2026. The change affects reporting requirements, not whether contractors owe income tax. For Atlanta and…
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Starting July 1, 2026, the IRS has bumped up its standard mileage rates. If you’re putting your vehicle to use for business, medical trips, moving, or charity work, this change directly affects what you can deduct or get reimbursed for. It’s a good idea to update your mileage policy and accounting setup now rather than…
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One of the newest savings opportunities created by recent federal legislation is the Trump Account, a long-term investment account designed to help children begin building wealth from an early age. Eligible children may receive an initial government contribution, and additional funding may be available through the Michael & Susan Dell Foundation and other philanthropists that…
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Each year, Georgia business owners are required to file an annual registration with the Georgia Secretary of State. Unfortunately, some companies send official-looking letters and emails that appear to come from a government agency but they are actually private businesses soliciting services. If you click the link in these emails, you are typically redirected to…
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The one big beautiful bill act (obbba) is shaking up how residential contractors manage their books and cash flow. These new rules give builders and subs real flexibility on when to report income, which matters a lot when you’re trying to keep your finances steady through months-long projects. In an industry where you’re tying up…
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When it comes to running a successful small business, few things are more important than keeping your finances in order. Whether you’re just getting started or you’re scaling up, having a reliable partner to handle the accounting services for your small business can save you time, reduce costly errors, and help you make smarter decisions.…
Read MoreThe FIRE to IRIS transition requires businesses that electronically file information returns through the IRS Filing Information Returns Electronically (FIRE) system to prepare for a…Read More
The 1099 NEC threshold for 2026 is $2,000, up from $600 for payments made before 2026. According to the Internal Revenue Service (IRS), businesses generally…Read More
Starting July 1, 2026, the IRS has bumped up its standard mileage rates. If you’re putting your vehicle to use for business, medical trips, moving,…Read More