Frazier Deeter CPAs and Advisors

Atlanta

1230 Peachtree Street NE

Suite 1500

Atlanta, GA 30309

main 404.253.7500

Alpharetta

3480 Preston Ridge Road

Suite 375

Alpharetta, GA 30005

main 404.573.4200

Nashville

401 Commerce Street

Suite 920

Nashville, TN 37219

main 615.259.7600

Tampa

2801 W. Busch Boulevard

Tampa, FL 33618

813.874.1280

info@frazierdeeter.com

DOL Overtime Regulations on Hold

11.28.2016 The December 1st deadline for U.S. Department of Labor’s increased exempt-status salary thresholds is on hold, at least temporarily. Read more
 

Educating Your Purchasers

10.17.2016 Recently, I attended a presentation by Wayne Stanley and Michelle Korsmo, both with the American Land Title Association.  Their presentation summarized the findings of several focus groups and research studies pertaining to the real estate closing process and the role of the title company/closing attorney. Based upon these findings, along with recent changes in our industry, it is apparent there is a need to shift our mindset from “marketing” to the purchaser to “educating” the purchaser, so they may be proactive participants in the closing process. Most importantly, ALTA is suggesting we focus on educating the purchasers on the role the title company/closing attorneys play in the closing process and the role of title insurance. Read more
 

Bill to Defer Stock Options Tax Attracts Bipartisan Support

09.14.2016 Stock options are a very popular part of executive compensation packages but some tax rules make it difficult for employees of start-up and private companies to exercise their options and take control of their ownership stake. To broaden access to stock options for these businesses, U.S. Sens. Mark R. Warner (D-VA) and Dean Heller (R-NV), have introduced bipartisan legislation that would defer tax on stock options for seven years, making it easier for startups and other small businesses to give employees an ownership stake in their company. Identical legislation was also introduced in the U.S. House of Representatives by Rep. Erik Paulsen (R-MN). Read more
 

Are your wellness program incentives taxable to your employees?

08.05.2016 Yoga classes, weight loss programs, biking to work, and free health screenings are becoming a ubiquitous part of the modern workplace. A recent survey from Fidelity Investments and the National Business Group on Health (NBGH) estimates that 80% of employers now offer some kind of wellness program. In 2015, employers were estimated to spend an average of $693 per employee on wellness-based incentives, says NBGH. These programs promote worker productivity and reduce health-related costs, notes the Kaiser Family Foundation. Read more
 

Time to take a look at Overtime: The Department of Labor has redefined “white collar” overtime

06.06.2016 An estimated 4.1 million salaried workers will become eligible for overtime pay under the new rule published by the DOL that goes into effect December 1, 2016. The updated rule substantially changes which administrative employees are entitled to overtime pay under the “white-collar exemption” of the Fair Labor Standards Act (FLSA). Read more
 

Has the Technology Revolution Left Depreciation Behind?

05.23.2016 The existing depreciation system was developed over 30 years ago, when desktop computers had a capacity of 512k, and there were no cell phones, tablets, or Chromebooks™. Class lives and recovery periods for business assets are now outdated and have resulted in a bias between investments in different industries, according to the Congressional Budget Office (CBO). For example, the effective marginal tax rate on investments in computers and software is nearly 40%, while the rate on railroad track and mining structures is about 15%. Read more
 

No Double-Dipping on Georgia Jobs Credit

05.03.2016 A Georgia corporation had an enviable problem several years ago when it had to decide between two great jobs tax credits. It chose one, but then reconsidered and later wanted to choose the other, using the same jobs. The rules for the credits, however, do not allow double-dipping. Read more
 

Georgia Clears Bill to Waive Sales Taxes on Tickets to Major Sporting Events

05.03.2016 One of the last moves by the 2016 Georgia Legislature was passage of a bill to remove the sales tax on tickets to the Super Bowl or any other major sporting event hosted by the State. The exemption would apply to events held from 2017 through 2022. Governor Deal is expected to sign the bill. Read more
 

Big changes are coming to Lease Accounting: How will they impact your company?

03.29.2016 Balance sheets for many companies will start looking a bit different in the relatively near future. The Financial Accounting Standards Board (FASB) announced changes under the U.S. Generally Accepted Accounting Principles (GAAP) that will require companies that lease real estate, vehicles, construction and manufacturing equipment, and most other assets to include these leases on their balance sheet. As a result of this new standard (ASU No. 2016-02), most companies will notice a significant increase in their reported assets and liabilities. Read more
 

R&D Tax Credit Changes Benefit Tech Start-Ups

02.15.2016 While there are many tax benefits available for small businesses and technology companies, the challenge is how to take advantage of them in the early years when there is no taxable income to offset. The 2016 changes in the research and development (R&D) credit solve this problem by allowing start-up companies to use up to $250,000 of credits against their payroll tax liability, not just their income tax liability. Another 2016 change allows businesses to use the R&D credit against their alternative minimum tax (AMT) liability. Technology companies, with their significant R&D activities related to software development, technology and engineering stand to benefit the most from this change. Read more
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Frazier & Deeter, a Top 100 Largest CPA Firm in the United States, has accountants and business advisors who offer a full range of assurance and advisory services in the areas of audit, tax and management consulting and personal tax planning and compliance. As a leading accounting firm, we serve clients across the nation and internationally that include closely-held companies, SEC companies, and nonprofit entities. Headquartered in Atlanta, Georgia, we have been recognized as the 56th largest accounting firm in the nation, as one of the Top 25 Best Managed CPA firms in the country, and one of the Best Accounting Firms to Work for in the U.S.
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