Bookkeeping Concepts LLC

Bookkeeping Concepts LLC Lisa A.

Netter is an accomplished entrepreneur and business owner with over twenty-five years of experience in providing professional accounting, bookkeeping, payroll, and tax solutions to small businesses.

Single? You Still Need an Estate PlanIf you’re single with no children, an estate plan can help ensure your wishes will ...
08/28/2026

Single? You Still Need an Estate Plan

If you’re single with no children, an estate plan can help ensure your wishes will be carried out and important decisions remain in trusted hands.

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Plan Now for Deferring Tax on Advance PaymentsWith year-end fast approaching, now is a good time to review strategies th...
08/27/2026

Plan Now for Deferring Tax on Advance Payments

With year-end fast approaching, now is a good time to review strategies that could affect your business’s 2026 tax liability. One area that may deserve attention is the tax treatment of advance payments. Some accrual-basis businesses may be able to defer recognizing a portion of that income.

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The 40% generation-skipping transfer (GST) tax generally applies to transfers made to people two generations or more bel...
08/26/2026

The 40% generation-skipping transfer (GST) tax generally applies to transfers made to people two generations or more below you, like your grandchildren. And it applies on top of any gift or estate tax due. The good news is that a large GST tax exemption is available: $15 million for 2026. So most taxpayers don’t need to worry about the GST tax. But if you have a large estate, you can allocate your GST tax exemption to contributions to a dynasty trust and allow assets to skip several generations of taxation. Contact us at (770) 935-8200 to learn more.

Higher IRS Mileage Rates Take EffectDue to rising fuel costs, the IRS has increased the 2026 cents-per-mile rates for ca...
08/25/2026

Higher IRS Mileage Rates Take Effect

Due to rising fuel costs, the IRS has increased the 2026 cents-per-mile rates for calculating certain vehicle deductions. Effective July 1, 2026, the standard mileage rate for the business use of a car, SUV, van, pickup truck or panel truck is 76 cents per mile, up from 72.5 cents per mile for the first half of the year.

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Are you paying yourself and family members who work in your business reasonable compensation? The IRS requires compensat...
08/24/2026

Are you paying yourself and family members who work in your business reasonable compensation? The IRS requires compensation (including salaries, bonuses and perks) to reflect services performed and be comparable to compensation for similar roles in similar organizations. This is especially important for owner-employees and related parties. Payments to relatives may be deductible, but only if they represent reasonable wages for bona fide services and are well documented. Excess compensation may be reclassified as nondeductible distributions of income, while underpaying may raise payroll tax issues. Regularly reviewing compensation practices can help reduce audit risk. Call us at (770) 935-8200 for guidance.

Financial consultations give small business owners an opportunity to review their numbers, ask questions, and better und...
08/21/2026

Financial consultations give small business owners an opportunity to review their numbers, ask questions, and better understand the financial information needed to make informed business decisions. Our consultations are included in our pricing, so we’re always available when you need guidance.

Have questions about your business finances? Contact us today to schedule a consultation.

▶️ (770) 935-8200
▶️ [email protected]

Lending to Family or Friends? Know the Tax RulesMaking a personal loan to a family member or friend can create unexpecte...
08/21/2026

Lending to Family or Friends? Know the Tax Rules

Making a personal loan to a family member or friend can create unexpected tax issues. If the loan carries little or no interest, the IRS might treat all or part of it as a taxable gift under the below-market loan rules.

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Save Time with QuickBooks Online AutomationRoutine bookkeeping can quickly become time-consuming. You might log in to yo...
08/21/2026

Save Time with QuickBooks Online Automation

Routine bookkeeping can quickly become time-consuming. You might log in to your accounting software to record a customer payment, only to discover invoices that need to be sent, bank transactions waiting to be categorized or estimates that are ready to be converted into projects.

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Your employees use Form W-4, “Employee’s Withholding Certificate,” to tell you how much federal income tax to withhold f...
08/20/2026

Your employees use Form W-4, “Employee’s Withholding Certificate,” to tell you how much federal income tax to withhold from their pay. Most forms are routine, but an altered certificate, unusual accompanying statement or IRS lock-in letter may require special handling. Employers generally aren’t responsible for verifying the information employees provide on W-4 forms. However, you must reject invalid forms, apply proper withholding rules when no valid form is on file and follow IRS withholding instructions. Reviewing your payroll procedures now can help prevent costly errors. Contact us at (770) 935-8200 for guidance on W-4 compliance and other payroll withholding issues.

A New Type of Tax-Advantaged Account for ChildrenFamilies looking for another way to save for a child’s future may want ...
08/20/2026

A New Type of Tax-Advantaged Account for Children

Families looking for another way to save for a child’s future may want to consider Section 530A accounts. Created by the 2025 tax legislation commonly referred to as the One Big Beautiful Bill Act, these tax-advantaged savings accounts, also known as Trump Accounts, are designed to help children build long-term assets.

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Address

2030 Beaver Ruin Road
Norcross, GA
30071

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 10am - 3pm

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