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Preparing for Taxageddon: Interstate Tax Strategies is Helping Atlanta Disarm Tax Time Bombs

Preparing for Taxageddon: Interstate Tax Strategies is Helping Atlanta Disarm Tax Time Bombs

 

With the United States’ growing unemployment rate and rising deficit, state governments have become very aggressive at finding additional tax revenue. They are actively looking for companies that they can audit and assess for back taxes. According to Internet Retailer, e-commerce rose 14.8% in 2010, creating a golden opportunity to help states, including Georgia, supplement their income. More and more local businesses are hearing the word “nexus” brought into play, leaving a thin line in sales tax obligations. Regardless of the industry, companies with customers in multiple states should carefully evaluate the tax filing requirements and the tax rules where their customers are located. 

Interstate Tax Strategies P.C. is working to correct sales tax problems for multistate businesses—before the auditor arrives!

State tax credit program raises $50M for scholarships

State tax credit program raises $50M for scholarships

ATLANTA -- The Georgia Department of Revenue stamped its approval on $50 million in donations under the Georgia Scholarship Tax Credit Program.

The program lets people and businesses get tax credit for donations to scholarships for Georgia children to attend private schools.

Fifty million dollars is the most allowed under the program. In 2012, the statewide cap on donations will increase by the annual increase in the Consumer Price Index until 2018.

Individuals can donate up to $1,000, while married couples have a donation cap of $2,500. Corporations can donate up to 75 percent of their state income tax liability.

The American Federation for Children estimated more than 6,000 students last year got scholarships to attend private schools through the program.

Santa Arrives in Atlanta - Area Malls Announce Holiday Event Schedules

Santa Arrives in Atlanta - Area Malls Announce Holiday Event Schedules

ATLANTA – Atlanta-area Simon malls will deck the halls this season with plenty of holiday cheer and entertainment. Gwinnett Place, Lenox Square, Mall of Georgia, Northlake Mall, Phipps Plaza and Town Center at Cobb are offering a variety of special holiday events for the whole family:

Gwinnett Place (2100 Pleasant Hill Rd. / 770-813-6840 / Facebook / Twitter)

·         Santa’s Arrival: November 19 at noon.  Visit Santa's Winter Wonderland at Gwinnett Place’s Center Court and have your holiday photo taken with St. Nick!

DULUTH: Primerica creating 200 jobs at new HQ

DULUTH, Ga. -- Primerica breaks ground Friday on a new 30-acre complex in Gwinnett County.

The financial firm's new global headquarters will consolidate all of Primerica's existing offices into one three-story building at Intestate 85 and Georgia Highway 120.

Currently, the Duluth-based company is spread across 10 properties along Breckinridge Boulevard.

Primerica is the fourth largest private employer in Gwinnett, with about 1,800 employees.

The company expects to create 200 more jobs with the move.

The project is expected to be completed by April 2013.

DULUTH: Novartis to lay off 2,000 workers

DULUTH, Ga. -- Drug maker Novartis will lay off 2,000 workers company-wide in the next three to five years, the company announced Tuesday.

Novartis employs about 121,000 people. Its CIBA Vision unit is headquartered in Duluth, while the company itself is based in Basel, Switzerland; it will shutter two facilities in that country as well as one in Italy.

There also will be layoffs in the United States. Company spokeswoman Julie Masow did not provide a specific breakout for U.S. operations, but indicated the layoffs would be mostly in Switzerland.

"While our performance at Novartis continues to be strong, we are facing difficult and uncertain external headwinds," she wrote in an email. "The financial crisis has forced governments around the world to cut prices of medicines, and health-care reform is targeting companies like ours."

Best out-of-the-ordinary Halloween events around Atlanta you don't want to miss

Best out-of-the-ordinary Halloween events around Atlanta you don't want to miss

Fernbank BOO-seum Trick-or-Treat

Saturday, October 29 from 10 a.m. – 2 p.m. Get ready to have a screaming (in delight) good time! For one day only, Fernbank Museum is becoming Fernbank BOO-seum. Little Beat Music, Inc. will provide family-friendly tunes and face painting will inspire those who didn’t quite finish their costumes. Plus, enjoy a frightening-ly fun Halloween party featuring games, crafts, hands-on activities and special treats for kids in costumes.* (*Treats available while supplies last.)

Owen Malcolm Named President of Sanders Financial Management

Owen Malcolm Named President of Sanders Financial Management

Founder Emily Sanders Continues as Chairman, CEO and Chief Investment Officer

 

Sanders Financial Management, an Atlanta-based financial advisory and investment management firm, today announced the promotion of Owen Malcolm, CFP, to President of the firm.  The firm’s founder, Emily Sanders, will continue as Chief Executive Officer and Chief Investment Officer and adds Chairman of the Board to her titles.

 

The changes were made at the firm’s October 16, 2011 Board of Directors meeting.  Malcolm brings 11 years of experience with the company to his new position.  He has managed the day-to-day activities of the firm for several years and will continue to do so in his new role.