Forrestall & Company

Congratulations to Rainbow Village for raising a record $125,000 as they continue their mission to break the cycle of Homelessness, Poverty, and Domestic Violence with the 185 golfers that participated in their annual 'Second Chance Golf Classic' held at TPC Sugarloaf. Forrestall & Company had the pleasure to team up with Oconee State Bank and Lift 361 to support this cause and also had the opportunity to take home 1st place in the Pines-Stables division. Way to go guys!

5 Reasons To Consider a Business Valuation 1. Understand how the market values your business 2. Identify strengths and weaknesses for value drivers 3. Establishing or updating buy-sell agreements... 4. Personal financial planning 5. Determining reasonable compensation for key employees http://ow.ly/SpLG50DndAd

http://ow.ly/aLqT50DpEiP Tune in on our interview with Joseph Horne, CPA and Tax Manager at Forrestall CPAs, as he discusses how eligible employers have the opportunity to claim refundable tax credits up to $14,000 per employee in 2021 with the new and improved Employee Retention Credit. #FinanciallyForward

If you qualify for a stimulus payment did not receive one, the Recovery Rebate Credit can be claimed on your 2020 individual tax return. Be sure to provide your tax preparer with stimulus payment amounts received in 2020 so this tax credit isn't received twice by mistake - it will require repayment plus potential penalty and interest. To learn more about what this means for your taxes, visit the IRS.gov or simply send us a message.... https://www.irs.gov/newsroom/recovery-rebate-credit See more

http://ow.ly/7za350Di3Ki Everything you need to know about the new PPP changes released last week in less than 30 minutes. Topics include the new forgiveness application for loans $150,000 or less, revenue reduction calculations, and revised requirements for 100% loan forgiveness.

Should I file the new FORM 1099-NEC or 1099-MISC? There are changes to 1099 reporting this year. Make sure you know the difference before the filing deadline on February 1. http://ow.ly/lfFi50DfR2Z

For the 11th year - Forrestall CPAs has been selected as "Best of Gwinnett" in the category for "Best Accounting Firm". Many thanks to our clients, our team, and our professional partners that help us continue to serve the community this year!