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Lisa Albritton

Recent Posts

Businesses Can Utilize the Same Information IRS Auditors Use to Examine Tax Returns

Posted by Lisa Albritton on Jul 22, 2019

The IRS uses Audit Techniques Guides (ATGs) to help IRS examiners get ready for audits. Your business can use the same guides to gain insight into what the IRS is looking for in terms of compliance with tax laws and regulations.

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Posted in Business Tax

Back to School Sales Tax Holiday Weekend 2019

Posted by Lisa Albritton on Jul 11, 2019

Alabama's 14th annual sales tax holiday for back-to-school items will be Friday, July 19, 2019, through Sunday, July 21, 2019.

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Posted in Alerts

Personal Property Tax Compliance: Eight Frequently Missed Issues That Can Lead to Overpayments

Posted by Lisa Albritton on May 14, 2019

Understanding and adhering to the multitude of personal property tax compliance obligations throughout the thousands of jurisdictions that assess personal property taxes can be administratively burdensome. A company’s personal property tax liabilities can be impacted if a company is not equipped to navigate the differing rules and opportunities in the jurisdictions in which its personal property is located. The following summarizes the most often overlooked items that result in overpayments of personal property taxes by any organization.

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Posted in Business Tax

Can I Add Personal Days to a Business Trip and Deduct My Travel Expenses?

Posted by Lisa Albritton on Apr 24, 2019

Tacking vacation days onto a deductible business trip.

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Posted in Business Tax

IRS Waives Penalties for Many Taxpayers Whose 2018 Withholdings Was Not Enough.

Posted by Lisa Albritton on Mar 21, 2019

The Tax Cuts and Jobs Act (TCJA) brought with it many tax changes for 2018. Those changes left many taxpayers unaware of the caps on state and local tax deductions, the elimination of reimbursed job expenses and the suspension of dependency exemptions, just to name a few. To add to the mix, after Congress passed the law, new withholding tables were not available to employers until mid-January and some did not see the switch in withholding until mid-February. Based on all of these changes, taxpayers are finding themselves below the 90% threshold and therefore would have to pay a penalty. 

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Posted in Individual Tax

There's a Better Way to Raise College Funds

Posted by Lisa Albritton on Feb 22, 2019

Advantages of 529 education savings plans.

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Posted in Individual Tax

Paper or Plastic?

Posted by Lisa Albritton on Jan 25, 2019

 
 What percentage of Americans used only credit and debit cards in the last week?

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Posted in Individuals

Here's A Smart Tax Move

Posted by Lisa Albritton on Nov 21, 2018

 Donate appreciated art by year end.

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Posted in Individual Tax

5 Steps to State Sales/Use Tax Compliance in the Wake of Wayfair

Posted by Lisa Albritton on Oct 05, 2018

On June 21, the U.S. Supreme Court issued its widely anticipated decision in Wayfair. The Court held that states may require businesses to collect and remit sales and use taxes even if the business has no in-state physical presence.

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Posted in Business Tax

Businesses Aren't Immune To Tax Identity Theft

Posted by Lisa Albritton on Sep 25, 2018

Tax identity theft may seem like a problem only for individual taxpayers. But, according to the IRS, increasingly businesses are also becoming victims. And identity thieves have become more sophisticated, knowing filing practices, the tax code and the best ways to get valuable data.

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Posted in Business Advisory

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