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Growing your business with a new partner: Here are some tax considerations

There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners are planning to admit a new partner. The new partner will acquire a one-third interest in the partnership by making...

Challenges in Business Succession Planning: Cash Flow Strategies for Estate Tax Liabilities

Tax Strategist Insight Individuals with substantial business holdings often face complicated estate tax issues, the costs of which can be unexpected and significant. Failing to recognize...

Hancock Askew & Co., LLP Awarded Client Excellence Award at 2024 BDO Alliance USA Conference

Georgia and Florida (May 20, 2024) – Hancock Askew & Co., LLP proudly announces its receipt of the Client Excellence Award from the BDO Alliance USA...

Hancock Askew starts a Dental Niche Practice Willeford Group Joins Hancock Askew & Co.

Savannah, GA (May 6, 2024) – Hancock Askew & Co., LLP (HAC), a regional full-service tax, audit, accounting and advisory firm is excited to announce that...

Keep these 3 issues in mind after you file your return

The tax filing deadline for 2023 tax returns is April 15 this year. If you need more time, you can file for an extension until October 15. In either case, once your 2023 tax return has been successfully filed with the IRS, there may...

Don’t have a tax-favored retirement plan? Set one up now

If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for significant...

Scrupulous records and legitimate business expenses are the key to less painful IRS audits

If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully...

Unlocking Security with ISO 27001: A Guide for Businesses

Written by: Alex Gothard, CISA In today’s digital age, protecting sensitive information is vital. Enter ISO 27001, a globally recognized security framework that assesses how well...

Hancock Askew Firm Managing Partner, Mike McCarthy, Listed in America’s Top 200 CPAs by Forbes

We’re proud to announce that Mike McCarthy, Managing Partner at Hancock Askew, was named one of Forbes’ Top 200 CPAs in America. In 2004, Mike joined...

Tax-wise ways to take cash from your corporation while avoiding dividend treatment

If you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash as a dividend....

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