The cybersecurity landscape is rapidly becoming more challenging as the pace of attacks on organizations increases and new threats emerge. An increasing reliance on remote work necessitated by the COVID-19 pandemic has only added to these challenges.
The cybersecurity landscape is rapidly becoming more challenging as the pace of attacks on organizations increases and new threats emerge. An increasing reliance on remote work necessitated by the COVID-19 pandemic has only added to these challenges.
Bennett Thrasher, one of the nation’s largest and fastest-growing certified public accounting and consulting firms, welcomes Ron Provenzano as the firm’s new Chief Operating Officer. Bringing more than 20 years of executive operating experience to his new role, Ron joins the dynamic leadership team guiding Bennett Thrasher into the firm’s next chapter of expansion and continued growth.
In the Southeast Middle-Market M&A Newsletter for Q1 2022, Bennett Thrasher’s Transaction Advisory Services leaders provide data and highlights for Southeast (Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, South Carolina and Tennessee) middle-market (total transaction value < $USD 500mm) M&A transactions, including volume, value and enterprise value multiples.
Under the current law, Required Minimum Distributions (RMDs) are the minimum amounts that an Individual Retirement Account (IRA) owner must withdraw annually starting after the year that he or she reaches age 72. IRA owners are responsible for taking the correct RMD each year from their IRA.
As the 2022 legislative session came to a close, Georgia lawmakers finalized legislation (H.B. 1437) that will provide an anticipated $1 billion in individual taxpayer savings. The bill includes a change from Georgia’s current graduated income tax, where rates increase from 1 to 5.75 percent as income increases, to a flat tax rate that declines from 5.49 to 4.99 percent in 2029.
Thanks to a record state surplus, the holidays have come early for many individuals who file and pay Georgia income taxes. Georgia’s recently enacted Act 582 provides a one-time individual income tax refund for those taxpayers who filed income tax returns for tax years 2020 and 2021. The Georgia Department of Revenue will automatically issue a refund up to $250 for all single or married filing separately taxpayers, $375 for head of household filers and $500 for married filing jointly filers.
Melisa Cook is the Chief People Officer at Bennett Thrasher. She loves working with people, helping to advance Bennett Thrasher’s culture and being active with her family outside of work. We spoke to Melisa about what she enjoys most about her role and her work with Bennett Thrasher’s DE&I Committee.
On March 28th, the Treasury Department released details of the administration’s tax related budget recommendations for FY2023, commonly referred to as the “Green Book”. They contain recommendations from the administration to Congress for forthcoming tax legislation.
On March 21, 2022, the US District Court for the Eastern District of Tennessee ruled in favor of CIC Services, LLC (“CIC”) in their case against the IRS regarding Notice 2016-66 (the “Notice”). In CIC Services, LLC v. IRS (“CIC Services”), the ruling stated that IRS did not comply with the mandatory notice-and-comment requirements under the Administrative Procedures Act (“APA”) and the IRS’ issuance of the Notice was arbitrary and capricious as set forth under the APA.