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Forbes & Company Forbes & Company offers strategic tax planning with exceptional accounting and advisory services for businesses and individuals.

Through our commitment to accuracy and integrity, we provide the guidance you need to achieve long-term financial success. Forbes & Company is a full-service certified public accounting and consulting firm serving the Alpharetta/Atlanta, Georgia and Charleston, South Carolina areas. Our firm takes pride in giving businesses and individuals efficient and creative tax solutions for over 20 years.

10/31/2026

The witches wore their polka-dot socks,
The skeletons danced around the rocks.
The black cat purred, the owls said, “Boo!”
And candy corn rained down on you!
👻𝘏𝘈𝘗𝘗𝘠 𝘏𝘈𝘓𝘓𝘖𝘞𝘌𝘌𝘕 𝘍𝘙𝘖𝘔 𝘍𝘖𝘙𝘉𝘌𝘚 & 𝘊𝘖𝘔𝘗𝘈𝘕𝘠!👻

Real estate agents get a QBI break that many other professionals don't. Brokerage is excluded from the specified service...
10/28/2026

Real estate agents get a QBI break that many other professionals don't. Brokerage is excluded from the specified service category, so agents and brokers generally keep the deduction of up to 20% at higher incomes, subject to wage and property limits. Rental owners may qualify too through the 250-hour safe harbor.

Agents should also update mileage logs, review marketing costs and think about commission timing before December 31. Once commissions are consistently strong, an S corp can help reduce self-employment tax. https://bit.ly/4zdnWE9

Do your kids appear in your content or help edit your videos? Paying them reasonable wages for real work can shift incom...
10/26/2026

Do your kids appear in your content or help edit your videos? Paying them reasonable wages for real work can shift income into a lower tax bracket, and their earnings may be largely covered by their own standard deduction. If your business is a sole proprietorship, wages paid to children under 18 generally aren't subject to Social Security and Medicare taxes, and earned income lets them start a Roth IRA.

This strategy does draw IRS attention, so keep timesheets, pay a fair rate, deposit wages into your child's own account and issue a W-2. It's also worth knowing that the payroll tax break doesn't apply if you pay them through an S corp.
https://bit.ly/4iUr96E

If your partners are in the top bracket, a PTET election could still be one of your best year-end moves. It lets your fi...
10/23/2026

If your partners are in the top bracket, a PTET election could still be one of your best year-end moves. It lets your firm pay state income tax at the entity level and deduct it, working around the federal SALT cap. The cap rose to $40,000, but it phases back down for higher earners, and many states require the election or payment by December 31.

A cash balance plan can allow retirement contributions several times larger than a 401(k), and while it can often be adopted as late as your return due date, it's wise to start now.

Before the books close, settle guaranteed payments, reconcile partner draws and confirm who belongs on any multi-state composite returns.
https://bit.ly/4yFgYI8

Selling property this fall? Your 1031 exchange deadline may come sooner than you think. You get 45 days to identify a re...
10/21/2026

Selling property this fall? Your 1031 exchange deadline may come sooner than you think. You get 45 days to identify a replacement and 180 days to close, but that window ends early if your tax return is due first, so a fall sale may need an extension to keep the full 180 days.

Closing dates matter too. Pushing a sale into January can help if this year's income is high, while an installment sale can spread your gain over several years.

If you flip or develop, the IRS may treat you as a dealer, which means ordinary rates plus self-employment tax and no 1031 or installment treatment. Keeping flips separate from long-term holds helps protect your capital gains.
https://bit.ly/4zdnWE9

While forming an S-Corp is a popular strategy to minimize self-employment taxes, the qualified business income deduction...
10/19/2026

While forming an S-Corp is a popular strategy to minimize self-employment taxes, the qualified business income deduction can drastically reduce or completely eliminate your 20% QBI tax deduction if you don't do the math carefully.

This QBI wrinkle catches a lot of creators off guard. Most influencer businesses qualify for this deduction of up to 20% of business income, but endorsement income, likeness licensing fees and appearance fees are treated differently and can lose the deduction at higher incomes. Separating that income from your regular content revenue can protect more of your deduction as you grow. https://bit.ly/4iUr96E

For many firms, the easiest year-end tax move is simply deciding when to send your invoices. If you're on a cash basis, ...
10/16/2026

For many firms, the easiest year-end tax move is simply deciding when to send your invoices. If you're on a cash basis, delaying billing into January and paying expenses in December can shift income into next year, as long as you're not holding payments that are already available to you.

Accrual-basis firms can deduct year-end bonuses this year if the amounts are fixed by December 31 and paid by March 15, although bonuses for owners generally count only when they're paid.

Law firms have one extra step. Client trust and IOLTA funds stay out of income until they're earned and transferred, so year-end is the time to reconcile those accounts.
https://bit.ly/4yFgYI8

Wishing a very happy birthday to a genuinely good man, Steve Forbes, Sr. May the year ahead bring plenty of reasons to l...
10/14/2026

Wishing a very happy birthday to a genuinely good man, Steve Forbes, Sr. May the year ahead bring plenty of reasons to laugh, celebrate, and enjoy the ride! https://bit.ly/3I9oia5

Don't have REPS? A short-term rental may still let your losses count. When the average guest stay is seven days or fewer...
10/12/2026

Don't have REPS? A short-term rental may still let your losses count. When the average guest stay is seven days or fewer and you materially participate, those losses can offset your other income, even if you have a full-time job.

That matters because 100% bonus depreciation is now permanent for property acquired after January 19, 2025. A cost segregation study breaks a building into components like flooring, cabinetry and landscaping, and many of them can be written off right away, which can create a large first-year deduction on property placed in service this year.

Without REPS or the short-term rental route, though, those losses may be passive and sit unused, so it's smart to run the numbers before ordering a study. https://bit.ly/4zdnWE9

Clothing is generally not deductible if it's suitable for everyday wear, while costumes and highly specialized wardrobe ...
10/09/2026

Clothing is generally not deductible if it's suitable for everyday wear, while costumes and highly specialized wardrobe pieces have a better chance of qualifying.

Travel works a little differently. It's deductible in proportion to its business purpose, so if you spend three days of a five-day trip filming or meeting with brands, that share may be deductible while the vacation days aren't. A home studio can qualify too, but only if the space is used regularly and exclusively for your business, which means the corner of the living room where you also watch TV won't count.

Thinking about a new camera, lighting setup or computer? Thanks to 100% bonus depreciation, which is now permanent, qualifying equipment can be fully deducted this year, as long as it's purchased and set up by December 31. An order that arrives in January won't help this year's return.

Before the year closes, add a short note to each mixed-use expense explaining its business purpose. It's a small habit that makes a big difference if anyone ever asks.
https://bit.ly/4iUr96E

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8000 Avalon Boulevard, Suite 100
Alpharetta, GA
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