2016 Year-end Tax Planning: What Do Trump’s Tax Proposals Mean for Your Business and Family?

By Steve Horn, CPA and Tax Partner It is no secret that tax reform is one of President-elect Donald Trump’s top priorities. It’s still too early to tell how his proposals will fare versus the ones put forth by House Republicans, but rest assured there will be changes. This uncertainty makes year-end tax planning for …

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What Should Independent Schools Know about Recent Changes to Financial Accounting Standards for Nonprofits?

By Patricia Yeager, CPA and Audit Partner One way independent schools and other nonprofits communicate with donors or other stakeholders is through their financial reporting. Sound accounting practices result in financial reports that signal responsible stewardship of donations, tuition or assets in the service of the organization’s mission. New guidance on financial reporting for nonprofit …

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Taxpayers Should Remain Vigilant Even as Justice Dept. Arrests Phone Scammers

By Steve Horn, CPA and Tax Partner We reported this summer about phone scammers posing as Internal Revenue Service (IRS) employees to harass their targets into paying allegedly-owed taxes. The U.S. Justice Department announced in late October that it has indicted and arrested dozens of individuals in the U.S. and India for alleged involvement in …

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Accounting Firm Wins Food Fight

Williams Benator & Libby Raises Most in Donations to Support Georgia Food Banks ATLANTA, GA— For the third consecutive year, Williams Benator & Libby, LLP (WBL) was named the winner in the medium size firm category in the Georgia Society of Certified Public Accountants (GSCPA) Accounting Food Fight, a friendly food and fund drive competition …

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Williams Benator & Libby on Top 100 List for Fourth Consecutive Year

Firm’s Employees Say WBL is One of the Best Accounting Firms to Work For in U.S. ATLANTA, GA—Williams Benator & Libby, LLP (WBL) is pleased to announce the firm has been named as one of the 2016 Accounting Today’s Best Accounting Firms to Work for.  It is the fourth consecutive year that WBL has been …

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Understanding the Presidential Candidates’ Tax Policies

By Steve Horn, Tax Partner With the primaries over, the conventions in the rear-view mirror and the election still months away, it feels like we are in the “dog days” of the presidential campaign. I am not one to wade into the political debate, but I do like talking taxes. Both the Republican and Democrat …

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GA Small Business Save Big with R&D Tax Credits

A discussion with Steven G. Horn, CPA and Tax Partner “Some Georgia businesses are missing an opportunity to offset up to 50 percent of their Georgia income tax liability. Entrepreneurs, start-ups and small businesses often leave money on the table when they overlook research and development (R&D) tax credits,” says Williams Benator & Libby tax …

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Bipartisan Budget Act Eliminates a Social Security Strategy

By David Nash, CPA and Tax Manager The Bipartisan Budget Act of 2015, signed by President Obama near the end of last year, eliminates a strategy that allowed married couples to maximize their Social Security benefits. Referred to as the “apply-and-suspend” strategy, it allowed couples to take advantage of spousal benefits and delayed retirement credits …

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