New Sales Tax Economic Nexus Standard Affirmed in Groundbreaking U.S. Supreme Court Ruling

On June 21, 2018, the U.S. Supreme Court issued its decision in the South Dakota v. Wayfair, Inc. case with a 5-4 majority decision overturning precedent set by Quill Corp. v. North Dakota (1992). The decision upheld South Dakota’s economic nexus law, which requires companies to collect sales tax when their sales or the number [...]

2018-07-04T06:53:36+00:00July 2nd, 2018|Categories: News, Newsletters, Sales Tax|

Georgia Rural Hospital Credit

In 2016, the Georgia General Assembly passed legislation that awards Georgia income tax credits to taxpayers who make contributions to qualified rural hospital organizations (“RHOs”) located in Georgia. This program became effective January 1, 2017 and extends through 2021 and includes 58 approved rural hospitals. The program allows taxpayers to make donations to RHO’s in [...]

2018-06-15T07:49:36+00:00June 15th, 2018|Categories: Individual Taxes, News, Tax Credits|

Estate Tax Exemption Portability – Relief from missed portability election recently granted by IRS under Rev Proc 2017-34, but some estates will need to act quickly!

Internal Revenue Code 2010(c) grants a surviving spouse’s estate the ability to utilize unused estate tax exemption amounts from the estate of the first spouse to die in certain situations.  This has been a most welcomed estate and gift tax management tool in recent years.  In many cases it has simplified estate planning for married [...]

2017-08-29T18:42:37+00:00September 12th, 2017|Categories: Estate Taxes, News, Newsletters|

CoNexus CPA Named One of The Best Places to Work in Georgia

At 8:30 a.m., the lights turn on at the office shadowing SunTrust Park. The hustle and bustle of Atlanta begins —car horns, whistles and cheers surround the new Atlanta Braves stadium. However, that is nothing compared to the energy that flows throughout the office of CoNexus CPA Group. CoNexus prides itself on upholding a team [...]

2017-08-29T18:41:16+00:00August 30th, 2017|Categories: News, Newsletters|

CoNexusCPA Can Strengthen Your Internal Controls

As technology improves, so do cyberattack efforts. According to the Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3), “Since January 2015, there has been a 1,300 percent increase in identified exposed losses, now totaling over $3 billion.” This makes prevention and detection more difficult for businesses. Although difficult, having strong internal controls is important. [...]

2017-08-01T11:24:03+00:00August 16th, 2017|Categories: Internal Controls, News, Newsletters|