The economy has brought a realization to our firm that we need to do more to help our clients. We are offering a new service that will provide some very significant tax savings and put money into your bank account.

Plain and simple - we want to help you keep your money!

Please click on the attached document for more information.

 Tax Credit Information

RWH&A has been incredibly successful in helping clients negotiate with the Internal Revenue Service. By persistently writing letters and dialoguing with IRS agents, we were able to have over $100,000 in penalties abated on business, personal, and payroll tax returns in 2009.  Toni Schwahn also successfully completed an Offer in Compromise, saving one client over $45,000 in unpaid taxes. Toni's experience and vast knowledge of tax laws, reinforced with the wisdom of our staff, helped us greatly in achieving these monetary victories for our clients.

We are proud to once again present the annual roast benefiting the Friends of the Henry County Libraries, Inc.  This marks the twelth year since we began poking good natured fun at some of Henry County's most prominent citizens to support the cause of improving literacy in our community.  This year's victim is Tony Moye.  The event will be held on Saturday, March 13, 2010 at Eagle's Landing Country Club.  More information to follow.

Year-End Tax Planning Letter & Year End Checklist of Actions

Year-end tax planning could be especially productive this year because timely action can nail down a host of tax breaks that won't be around next year unless Congress acts to extend them.

We have compiled a checklist of actions on current tax rules that may help you save tax dollars if you act before year-end.

Please click on the attached link to learn more.

 Year End Tax Planning & Checklist of Actions

CPAmerica International is an exclusive association of more than 80 large, independent CPA firms across the United States that share industry-specific knowledge, continuing professional education programs and practice management techniques.

CPAmerica has affiliate members around the world through its strategic alliance with Horwath International. This alliance includes more than 20,000 professionals in 85 countries around the globe. Our affiliation with Horwath makes available the expertise and resources of nearly 450 offices worldwide.

"Our membership with CPAmerica International will give us the contacts and resources necessary to provide clients with the increased services they need to grow in a competitive marketplace, while allowing us to maintain a strong allegiance to our local community."  Gregory W. Hammonds, CPA

Tax changes affecting individuals and families in the American Recovery and Reinvestment Act of 2009

    The recently enacted "American Recovery and Reinvestment Act of 2009" contains a wide-ranging tax package that includes tax relief for low and moderate-income wage earners, individuals and families with college expenses, and home and car purchasers.

 Tax changes affecting individuals and families in the American Recovery and Reinvestment Act of 2009

Business tax changes in the American Recovery and Reinvestment Act of 2009

This is an overview of the key tax changes affecting business in the recently enacted "American Recovery and Reinvestment Act of 2009" (the 2009 economic stimulus act). Please click on the attached link for more information.

  Business tax changes in the American Recovery and Reinvestment Act of 2009

A new bill, H.R. 7327 the "Worker, Retiree and Employer Recovery Act" (the Pension Act), was passed in December 2008.

The Pension Act suspends the need to take required minimum distributions from qualified defined contribution plans and IRAs for calendar year 2009 only, and provides much needed funding relief for pension plans that have seen assets fall precipitously due to the stock market decline. Additionally, the Pension Act makes many technical corrections to the Pension Protection Act of 2008 (PPA), including changes that will require qualified plans to offer nonspouse beneficiaries the option to transfer a decedent's plan interest to an IRA set up to receive the transfer on behalf of the beneficiary. This change for nonspouse beneficiaries will apply for plan years beginning after 2009.

Social security wage base increased to $106,800 for 2009 with no increase in rates

401(k) contributions increase to $16,500 for 2009
SIMPLE contributions increase to $11,500 for 2009
IRA and ROTH IRA contributions remain the same for 2009 at $5,000

Mileage rate decreases to 55 cents for 2009