Brady Expects “Phase Two” Tax Reform Outline by August
A "phase two" tax reform outline could be unveiled by
House GOP tax writers by August. Republicans have started to
increase their tax meetings related to the effort, House Ways and
Means Com...
Ways and Means Approves IRS Hiring, Agriculture Tax Reform Bills
House tax writers have moved two bills through committee. The bills
focus on IRS hiring and the tax treatment of mutual ditch
irrigation companies. The House Ways and Means Committee approved
the meas...
ABA Section of Taxation Writes Hatch, Wyden About IRS Reform
The American Bar Association (ABA) Section of Taxation has
expressed concerns to top Senate tax writers about certain
congressional IRS reform efforts. The ABA Section of Taxation sent
a June 6 letter...
Railroad Stock Options Are Not Money Remuneration Under RRTA
The U.S. Supreme Court has determined that nonqualified employee
stock options are not taxable compensation under the Railroad
Retirement Tax Act (RRTA). The term "money
remuneration" in the...
Shareholder Could Not Claim S Corporation’s FICA Tip Credits
An individual shareholder of an S corporation restaurant operator
was not allowed to claim FICA tip credits under Code Sec.
45B that the S corporation did not claim. The shareholder
could no...
Son-of-BOSS Arrangements
Participants in the Son of BOSS tax shelter have maintained their
perfect losing record in the Tax Court. Thus, another Son-of-Boss
deal has failed to produce its promised loss deductions. ...
FAQ: How are vacation homes taxed?
Vacation homes offer owners many tax breaks similar to those for
primary residences. Vacation homes also offer owners the
opportunity to earn tax-advantaged and even tax-free income from a
certain lev...
How do I? Compute the small business health insurance credit
Under the Patient Protection and Affordable Care Act (PPACA), small
employers can claim a credit for providing health insurance for
employees and their families. Health insurance includes not only
bas...
IRS introduces simplified method for claiming home office deduction
The IRS has announced a new optional safe harbor method, effective
for tax years beginning on or after January 1, 2013, for
individuals to determine the amount of their deductible home office
expenses...
Brumlow and Company, P.C., Certified Public Accountants is a full service accounting firm serving clients in Metro Atlanta and the Southeastern United States. We have been serving the Atlanta Area and our clients for over 28 years. Our expert staff provides a comprehensive array of services for businesses and individuals. Our CPA's total over 75 years experience and our staff combines to provide over 100 years of experience.
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As a full service CPA firm we can offer Tax Services, Attest and Audit Services, Bookkeeping, Payroll and Advisory Services. We can even assist with complex IRS representation and IRS/State collection problems. To learn more about our services please explore this site and contact us to set up a meeting to review your situation.
We specialize in small business and are big enough to provide you with the knowledge and expertise you need to control your business and tax liability but still small enough to care. We have expertise in a wide range of industries including non-profit, transportation, construction, professional services, wholesale and retail. We pride ourselves on our personal service and the ability to listen to your situation and recommend the right services and strategy to give you the information and the time to run your business. 