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National Data Breach Exposes Billions: What You Need to Know

A massive data breach has compromised the personal information of billions of individuals across the nation. The breach, which reportedly occurred around April 2024, involved the hacker group known as USDoD infiltrating National Public Data (NPD), a major background check company. The breach has...

Succession Planning for Your Business? Consider These Six Ways to Lean on Your Tax Accountant as a Trusted Advisor

The journey from founding a company to successfully handing over the reins involves navigating a complex maze of financial, legal, and even emotional challenges. Robust succession...

Understanding taxes on real estate gains

Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes...

The tax implications of disability income benefits

Many Americans receive disability income. Are you one of them, or will you soon be? If so, you may ask: Is the income taxed and if...

The possible tax landscape for businesses in the future

Get ready: The upcoming presidential and congressional elections may significantly alter the tax landscape for businesses in the United States. The reason has to do with a tax law that’s scheduled to expire in about 17 months and how politicians in Washington would like...

Hancock Askew’s Jacksonville Office Honored as a Best Place to Work in 2024 by the Jacksonville Business Journal

Georgia and Florida (August 27, 2024) – We are thrilled to announce that Hancock Askew’s Jacksonville office has been recognized as one of the Best Places...

South Carolina Supreme Court Holds DME Exemption Unconstitutional

By Brandon McCafferty, JD/MBA, State and Local Tax Senior Manager All taxpayers selling durable medical equipment (“DME”) within South Carolina must now collect and remit sales...

What might be ahead as many tax provisions are scheduled to expire?

Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the upcoming elections. Our current situation The...

Hancock Askew & Co. Named One of 2024’s Best Accounting Firms to Work For

Georgia and Florida (August 6, 2024) – Hancock Askew & Co., LLP is thrilled to announce that it has been named one of the 2024 Best...

Consider borrowing from your corporation but structure the deal carefully

If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank. But...

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