Anderson, Adkins & Crawford, CPA's, PC

09/03/2026

𝐋𝐚𝐛𝐨𝐫 𝐃𝐚𝐲 𝐂𝐥𝐨𝐬𝐮𝐫𝐞 & 𝐒𝐮𝐦𝐦𝐞𝐫 𝐇𝐨𝐮𝐫𝐬 𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫

As a reminder, our summer hours end August 31, and regular office hours resume September 1.

Please note that Anderson, Adkins & Crawford will be closed Friday, September 4, and Monday, September 7, in observance of Labor Day. We will reopen Tuesday, September 8.

We hope everyone has a safe and enjoyable Labor Day weekend! 🇺🇸

08/28/2026

❓𝐅𝐀𝐐 𝐅𝐫𝐢𝐝𝐚𝐲: 𝐇𝐨𝐰 𝐦𝐮𝐜𝐡 𝐬𝐡𝐨𝐮𝐥𝐝 𝐈 𝐩𝐚𝐲 𝐦𝐲𝐬𝐞𝐥𝐟 𝐚𝐬 𝐚 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐨𝐰𝐧𝐞𝐫?

The answer depends on several factors, including your business structure, profitability and the work you perform.

🔹 𝐒𝐨𝐥𝐞 𝐩𝐫𝐨𝐩𝐫𝐢𝐞𝐭𝐨𝐫𝐬 𝐚𝐧𝐝 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬 generally take owner’s draws rather than receiving a traditional salary.

🔹 𝐒 𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐨𝐰𝐧𝐞𝐫𝐬 who work in the business are generally required to pay themselves “reasonable compensation” before taking additional distributions.

🔹 𝐂 𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐨𝐰𝐧𝐞𝐫𝐬 who work as employees typically receive wages through payroll.

So, what counts as a “reasonable” salary? Factors can include your responsibilities, experience, hours worked, industry and what someone performing similar work would typically earn.

There isn’t one number that works for every business. Your compensation strategy should reflect both IRS requirements and the financial health of your business.

Not sure if you’re paying yourself the right way? Talk with your tax professional at Anderson, Adkins & Crawford about a compensation strategy that makes sense for your business.

08/26/2026

🎓 College is back in session, and education expenses may come with tax benefits.

As the fall semester gets underway, here are a few college-related tax provisions families should keep in mind:

🔷 𝟱𝟮𝟵 𝗣𝗹𝗮𝗻𝘀: Earnings can grow tax-free, and withdrawals are generally tax-free when used for qualified education expenses.
🔷 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗧𝗮𝘅 𝗖𝗿𝗲𝗱𝗶𝘁: Eligible taxpayers may receive a credit of up to $2,500 per student for qualified expenses during the first four years of higher education.
🔷 𝗟𝗶𝗳𝗲𝘁𝗶𝗺𝗲 𝗟𝗲𝗮𝗿𝗻𝗶𝗻𝗴 𝗖𝗿𝗲𝗱𝗶𝘁: Eligible taxpayers may claim up to $2,000 per tax return for qualified tuition and related expenses, with no limit on the number of years it can be claimed.

Keep good records of tuition payments and other qualified expenses throughout the school year. Eligibility and income limits apply, and certain education benefits cannot be used for the same expenses.

Read more in our latest blog post to learn about key education tax benefits and savings opportunities for families: https://augustacpas.com/education-tax-benefits/

Learn about education tax benefits and savings opportunities for families, including 529 plans, the AOTC and Lifetime Learning Credit.

08/17/2026

👋 𝗠𝗲𝗲𝘁 𝘁𝗵𝗲 𝗧𝗲𝗮𝗺 𝗠𝗼𝗻𝗱𝗮𝘆: 𝗕𝗶𝗹𝗹𝘆 𝗥𝗼𝗯𝗶𝗻𝘀𝗼𝗻

This week, we’re excited to introduce Billy Robinson, Staff Accountant!

🎓 Billy earned his Bachelor of Business Administration with a concentration in Accounting from Augusta University and joined our team in June 2026.

When he’s not working with numbers, Billy enjoys:
🏋️ Going to the gym
🎬 Watching movies
👥 Spending time with friends and family

We’re glad to have Billy on the team and look forward to all he brings to the firm!

08/13/2026

An Identity Protection PIN (IP PIN) is a six-digit number that helps prevent someone else from filing a federal tax return using your Social Security number or Individual Taxpayer Identification Number.

You don't have to be a victim of identity theft to get one. Anyone who can verify their identity is eligible to request an IP PIN from the IRS as a proactive way to help protect against tax-related identity theft. Parents and legal guardians can also request an IP PIN for dependents.

A few things to know:
🔹 Your IP PIN is valid for one calendar year, and a new one is generated each year.
🔹 Keep it private and provide it only to your trusted tax professional when you're ready to file.
🔹 The IRS will never call, email, or text you asking for your IP PIN.
🔹 An incorrect or missing IP PIN can result in a rejected e-filed return or delays with a paper return.

Have questions about whether an IP PIN is right for you?
Contact our team, or learn more and request an IP PIN through the IRS:
https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin

08/11/2026

TAX TIP TUESDAY: Know Your Right to Appeal ⚖️

Did you know that if you disagree with certain IRS decisions, you have the right to appeal?

As part of the IRS Taxpayer Bill of Rights, taxpayers are entitled to a fair and impartial administrative appeal of most IRS decisions, including many penalties. The IRS Independent Office of Appeals is separate from the office that initially reviewed your case, helping ensure an independent review.

Depending on the situation, taxpayers may also have the right to challenge certain IRS decisions in court.

Understanding your rights can make a big difference when navigating a tax issue. If you receive an IRS notice or disagree with a decision, don’t ignore it. Anderson, Adkins & Crawford CPAs can help you understand your options and determine the appropriate next steps.

08/07/2026

𝗧𝗶𝗺𝗲 𝘁𝗼 𝘃𝗼𝘁𝗲! ✍🏻

Thanks to your continued support, we have placed in the category of 𝗕𝗲𝘀𝘁 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗻𝘁/𝗖𝗣𝗔 in 𝗖𝗼𝗹𝘂𝗺𝗯𝗶𝗮 𝗖𝗼𝘂𝗻𝘁𝘆 𝗠𝗮𝗴𝗮𝘇𝗶𝗻𝗲'𝘀 𝟭𝟬𝟬 𝗕𝗲𝘀𝘁 over the past several years. Look for this year's ballots in the August, September, and October issues of Columbia County Magazine.

At Anderson, Adkins & Crawford, our genuine relationships and unique, client-focused service set us apart from the rest. We’re grateful for your trust and support, and for recognizing what makes us different. Keep us in mind as you cast your votes this year! ✅

07/29/2026

💡 𝗦𝗲𝗹𝗹𝗶𝗻𝗴 𝗼𝗻 𝗔𝗺𝗮𝘇𝗼𝗻, 𝗘𝘁𝘀𝘆, 𝗪𝗮𝗹𝗺𝗮𝗿𝘁 𝗠𝗮𝗿𝗸𝗲𝘁𝗽𝗹𝗮𝗰𝗲, 𝗼𝗿 𝗼𝘁𝗵𝗲𝗿 𝗼𝗻𝗹𝗶𝗻𝗲 𝗺𝗮𝗿𝗸𝗲𝘁𝗽𝗹𝗮𝗰𝗲𝘀?

Here's an important reminder for Georgia businesses:

If you sell through a qualifying marketplace facilitator, the marketplace—not you—is generally responsible for collecting and remitting Georgia sales tax on those marketplace transactions.

However, that doesn't necessarily mean all of your sales tax responsibilities disappear.

If you also sell through your own website, at trade shows, or directly to customers, you may still have Georgia sales tax obligations for those sales. It's important to evaluate each sales channel separately.

Understanding who is responsible for collecting sales tax can help you avoid reporting errors and stay compliant.

Questions about how Georgia's marketplace facilitator rules apply to your business? The team at Anderson, Adkins & Crawford is here to help.

07/27/2026

If you have employees, don't forget:

𝐐𝐮𝐚𝐫𝐭𝐞𝐫𝐥𝐲 𝐏𝐚𝐲𝐫𝐨𝐥𝐥 𝐓𝐚𝐱 (Form 941) for April, May, and June payrolls is 𝐝𝐮𝐞 𝐉𝐮𝐥𝐲 𝟑𝟏, 𝟐𝟎𝟐𝟔.

If you've made all required payroll tax deposits on time and in full, you may qualify for a 10-day extension, giving you until August 10 to file.

Contact us with any questions about payroll tax filing.

07/21/2026

💡 Tax Tip Tuesday

Life changes can bring tax changes, too.

Major life events may affect your filing status, tax withholding, and eligibility for valuable tax credits and deductions. Some common events that can impact your taxes include:

💍 Getting Married – Review your filing status, update your Form W-4, and report any name or address changes.

👶 Welcoming a Child – A birth or adoption may qualify you for valuable tax benefits, including the Child Tax Credit or Adoption Credit.

⚖️ Divorce or Legal Separation – Changes to filing status, dependents, and withholding can all affect your tax return.

🕊️ Loss of a Spouse or Loved One – Special filing rules apply, and it's important to ensure the final tax return is completed correctly.

After any major life event, take time to update your personal information, review your tax withholding, and keep important records organized.

If you've experienced a significant life change this year, Anderson, Adkins & Crawford is here to help you understand how it may impact your taxes and prepare for the next filing season.